Plan Ledger DOL Form 5500 · updated monthly

Fisker Group Inc.401(k)

FISKER GROUP INC. 401(K) PLAN · MANHATTAN BEACH, CA · plan year 2023

Reported admin expense ratio · 2023
0.15%

Fisker Group Inc. reported $11,355 in plan administrative expenses for 2023: 0.15% of average plan assets, lower than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.11% to 2.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (5,314th of 9,483), and 8,551st of 13,661 in manufacturing. active participation has grown from 516 to 792 since 2022.

Plan summary
Net assets, end of year$10,534,261
Participants with balances765
Active participants792
Employer contributions—
Employee contributions$4,427,052
Employer contribution per active participant—
Average account balance$13,770
Benefits paid to participants$1,053,247
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12 · 2 accts
2023$10.5M · 765 accts
2022$4.7M · 493 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,453
Investment management$5,902
Total administrative$11,355
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
EMPOWER ADVISORY GROUP, LLC · Investment management$5,902

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$137,694 · 2.61%
2023$11,355 · 0.15%
2022$3,602 · 0.11%
Same employer
Similar plansManufacturing · California
Latitude 36 Foods LLC CA$10.7M · 0.60%
Delphon Industries, LLC CA$10.6M · 0.48%
Valley Chrome Plating, Inc. CA$10.6M · 0.61%
Everett Graphics, Inc. CA$10.5M · 0.48%
Apricot Designs, Inc. CA$10.4M · 0.06%
Analytik Jena US LLC CA$10.4M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813883342 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.