Plan Ledger DOL Form 5500 · updated monthly

Romeo Power, Inc.401(k)

ROMEO POWER 401(K) PLAN · CYPRESS, CA · plan year 2022

Reported admin expense ratio · 2022
0.98%

Romeo Power, Inc. reported $12,489 in plan administrative expenses for 2022: 0.98% of average plan assets, higher 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (8,633rd of 9,483), and 13,138th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$1,336,913
Participants with balances80
Active participants270
Employer contributions—
Employee contributions$662,369
Employer contribution per active participant—
Average account balance$16,711
Benefits paid to participants$401,648
Plan auditUnmodified (clean) audit opinion
AuditorMETZ & ASSOCIATES PLLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$12,489
Total administrative$12,489
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$12,489 · 0.98%
Similar plansManufacturing · California
Beer Nuts, Inc. CA$1.4M · 2.52%
Scncs, LLC. CA$1.3M · 0.60%
Rustic Bakery CA$1.3M · 0.66%
Shannon Ridge Inc. CA$1.3M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471073612 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.