Plan Ledger DOL Form 5500 · updated monthly

Quantumscape Battery, Inc.401(k)

QUANTUMSCAPE BATTERY, INC. 401(K) PLAN · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.05%

Quantumscape Battery, Inc. reported $18,066 in plan administrative expenses for 2024: 0.05% 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 0.048% to 0.051%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,147th-largest of 9,483 plans among California employers on file, and the 3,682nd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$39,907,438
Participants with balances564
Active participants825
Employer contributions—
Employee contributions$7,520,216
Employer contribution per active participant—
Average account balance$70,758
Benefits paid to participants$3,560,759
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.9M · 564 accts
2023$30.7M · 522 accts
2022$19.9M · 492 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,129
Investment management$937
Total administrative$18,066
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$17,129

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$18,066 · 0.05%
2023$10,315 · 0.04%
2022$8,906 · 0.05%
Same employer
Similar plansManufacturing · California
Bal Seal Engineering, LLC CA$40.7M · 0.32%
F. Gavina & Sons, Inc. CA$40.3M · 0.40%
Neuropace, Inc. CA$39.7M · 0.12%
Statek Corporation CA$39.3M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 274105939 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.