?>
Plan Name | SPIN-OFF GROUP SALARIED EMPLOYEES RETIREMENT PLAN OF VOLKSWAGEN GROUP OF AMERICA, INC. |
Plan identification number | 008 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
|
Company Name: | VOLKSWAGEN GROUP OF AMERICA, INC. |
Employer identification number (EIN): | 221585834 |
NAIC Classification: | 423100 |
Additional information about VOLKSWAGEN GROUP OF AMERICA, INC.
Jurisdiction of Incorporation: | Virginia Secretary of State |
Incorporation Date: | 1987-05-06 |
Company Identification Number: | F054220 |
Legal Registered Office Address: |
100 Shockoe Slip Fl 2 Richmond United States of America (USA) 23219-4100 |
More information about VOLKSWAGEN GROUP OF AMERICA, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
008 | 2022-01-01 | GERRIT SPENGLER | 2023-10-09 | ||
008 | 2021-01-01 | STEFAN BAIER | 2022-10-17 | ||
008 | 2020-01-01 | STEFAN BAIER | 2021-10-11 | ||
008 | 2019-01-01 | STEFAN BAIER | 2020-10-15 | ||
008 | 2018-01-01 | ||||
008 | 2017-01-01 | MICHAEL BEAMISH | |||
008 | 2016-07-28 |
Measure | Date | Value |
---|---|---|
2018: SPIN-OFF GROUP SALARIED EMPLOYEES RETIREMENT PLAN OF VOLKSWAGEN GROUP OF AMERICA, INC. 2018 401k membership | ||
Total participants, beginning-of-year | 2018-01-01 | 0 |
Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 0 |
Number of retired or separated participants receiving benefits | 2018-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2018-01-01 | 0 |
Total of all active and inactive participants | 2018-01-01 | 0 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 0 |
Total participants | 2018-01-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 0 |
2017: SPIN-OFF GROUP SALARIED EMPLOYEES RETIREMENT PLAN OF VOLKSWAGEN GROUP OF AMERICA, INC. 2017 401k membership | ||
Total participants, beginning-of-year | 2017-01-01 | 14 |
Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 0 |
Number of retired or separated participants receiving benefits | 2017-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2017-01-01 | 0 |
Total of all active and inactive participants | 2017-01-01 | 0 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 0 |
Total participants | 2017-01-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 0 |
2016: SPIN-OFF GROUP SALARIED EMPLOYEES RETIREMENT PLAN OF VOLKSWAGEN GROUP OF AMERICA, INC. 2016 401k membership | ||
Market value of plan assets | 2016-12-31 | 532,573,851 |
Acturial value of plan assets | 2016-12-31 | 532,573,851 |
Funding target for retired participants and beneficiaries receiving payment | 2016-12-31 | 322,712,825 |
Number of terminated vested participants | 2016-12-31 | 756 |
Fundng target for terminated vested participants | 2016-12-31 | 40,645,642 |
Active participant vested funding target | 2016-12-31 | 98,297,172 |
Number of active participants | 2016-12-31 | 813 |
Total funding liabilities for active participants | 2016-12-31 | 100,643,855 |
Total participant count | 2016-12-31 | 3,850 |
Total funding target for all participants | 2016-12-31 | 464,002,322 |
Balance at beginning of prior year after applicable adjustments | 2016-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2016-12-31 | 0 |
Amount remaining of carryover balance | 2016-12-31 | 0 |
Amount remaining of prefunding balance | 2016-12-31 | 0 |
Present value of excess contributions | 2016-12-31 | 9,019,624 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2016-12-31 | 9,585,154 |
Balance of carryovers at beginning of current year | 2016-12-31 | 0 |
Balance of prefunding at beginning of current year | 2016-12-31 | 0 |
Total employer contributions | 2016-12-31 | 0 |
Total employee contributions | 2016-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2016-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2016-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2016-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2016-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2016-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2016-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2016-12-31 | 7,897,411 |
Net shortfall amortization installment of oustanding balance | 2016-12-31 | 0 |
Waiver amortization installment | 2016-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2016-12-31 | 0 |
Additional cash requirement | 2016-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2016-12-31 | 0 |
Unpaid minimum required contributions for current year | 2016-12-31 | 0 |
Unpaid minimum required contributions for all years | 2016-12-31 | 0 |
Total participants, beginning-of-year | 2016-07-28 | 229 |
Total number of active participants reported on line 7a of the Form 5500 | 2016-07-28 | 14 |
Number of retired or separated participants receiving benefits | 2016-07-28 | 0 |
Number of other retired or separated participants entitled to future benefits | 2016-07-28 | 0 |
Total of all active and inactive participants | 2016-07-28 | 14 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-07-28 | 0 |
Total participants | 2016-07-28 | 14 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2016-07-28 | 0 |
Measure | Date | Value |
---|---|---|
2018 : SPIN-OFF GROUP SALARIED EMPLOYEES RETIREMENT PLAN OF VOLKSWAGEN GROUP OF AMERICA, INC. 2018 401k financial data | ||
Total income from all sources | 2018-12-31 | $-497 |
Expenses. Total of all expenses incurred | 2018-12-31 | $66 |
Total plan assets at end of year | 2018-12-31 | $9,609 |
Total plan assets at beginning of year | 2018-12-31 | $10,172 |
Value of fidelity bond covering the plan | 2018-12-31 | $3,500,000 |
Expenses. Other expenses not covered elsewhere | 2018-12-31 | $66 |
Other income received | 2018-12-31 | $-497 |
Net income (gross income less expenses) | 2018-12-31 | $-563 |
Net plan assets at end of year (total assets less liabilities) | 2018-12-31 | $9,609 |
Net plan assets at beginning of year (total assets less liabilities) | 2018-12-31 | $10,172 |
2017 : SPIN-OFF GROUP SALARIED EMPLOYEES RETIREMENT PLAN OF VOLKSWAGEN GROUP OF AMERICA, INC. 2017 401k financial data | ||
Total plan liabilities at end of year | 2017-12-31 | $0 |
Total plan liabilities at beginning of year | 2017-12-31 | $2,398,726 |
Total income from all sources | 2017-12-31 | $641 |
Expenses. Total of all expenses incurred | 2017-12-31 | $281 |
Total plan assets at end of year | 2017-12-31 | $10,172 |
Total plan assets at beginning of year | 2017-12-31 | $2,408,538 |
Value of fidelity bond covering the plan | 2017-12-31 | $3,500,000 |
Expenses. Other expenses not covered elsewhere | 2017-12-31 | $281 |
Other income received | 2017-12-31 | $641 |
Net income (gross income less expenses) | 2017-12-31 | $360 |
Net plan assets at end of year (total assets less liabilities) | 2017-12-31 | $10,172 |
Net plan assets at beginning of year (total assets less liabilities) | 2017-12-31 | $9,812 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
2016 : SPIN-OFF GROUP SALARIED EMPLOYEES RETIREMENT PLAN OF VOLKSWAGEN GROUP OF AMERICA, INC. 2016 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
Total transfer of assets to this plan | 2016-12-31 | $7,903,810 |
Total transfer of assets from this plan | 2016-12-31 | $142,676 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $2,398,726 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total income from all sources (including contributions) | 2016-12-31 | $-246,347 |
Total loss/gain on sale of assets | 2016-12-31 | $0 |
Total of all expenses incurred | 2016-12-31 | $7,504,975 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $7,504,975 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $0 |
Value of total assets at end of year | 2016-12-31 | $2,408,538 |
Value of total assets at beginning of year | 2016-12-31 | $0 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $0 |
Total interest from all sources | 2016-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2016-12-31 | $0 |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $3,500,000 |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $4,728 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2016-12-31 | $2,275,796 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2016-12-31 | $0 |
Liabilities. Value of operating payables at end of year | 2016-12-31 | $122,930 |
Liabilities. Value of operating payables at beginning of year | 2016-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $-7,751,322 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $9,812 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $0 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Expenses. Payments to insurance carriers foe the provision of benefits | 2016-12-31 | $4,381,816 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Employer contributions (assets) at end of year | 2016-12-31 | $2,403,810 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $3,123,159 |
Did the plan have assets held for investment | 2016-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
Accountancy firm name | 2016-12-31 | PLANTE & MORAN, PLLC |
Accountancy firm EIN | 2016-12-31 | 381357951 |
2018: SPIN-OFF GROUP SALARIED EMPLOYEES RETIREMENT PLAN OF VOLKSWAGEN GROUP OF AMERICA, INC. 2018 form 5500 responses | ||
---|---|---|
2018-01-01 | Type of plan entity | Single employer plan |
2018-01-01 | Submission has been amended | No |
2018-01-01 | This submission is the final filing | No |
2018-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2018-01-01 | Plan is a collectively bargained plan | No |
2018-01-01 | Plan funding arrangement – Trust | Yes |
2018-01-01 | Plan benefit arrangement - Trust | Yes |
2017: SPIN-OFF GROUP SALARIED EMPLOYEES RETIREMENT PLAN OF VOLKSWAGEN GROUP OF AMERICA, INC. 2017 form 5500 responses | ||
2017-01-01 | Type of plan entity | Single employer plan |
2017-01-01 | Submission has been amended | No |
2017-01-01 | This submission is the final filing | No |
2017-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2017-01-01 | Plan is a collectively bargained plan | No |
2017-01-01 | Plan funding arrangement – Trust | Yes |
2017-01-01 | Plan benefit arrangement - Trust | Yes |
2016: SPIN-OFF GROUP SALARIED EMPLOYEES RETIREMENT PLAN OF VOLKSWAGEN GROUP OF AMERICA, INC. 2016 form 5500 responses | ||
2016-07-28 | Type of plan entity | Single employer plan |
2016-07-28 | First time form 5500 has been submitted | Yes |
2016-07-28 | Submission has been amended | No |
2016-07-28 | This submission is the final filing | No |
2016-07-28 | This return/report is a short plan year return/report (less than 12 months) | Yes |
2016-07-28 | Plan is a collectively bargained plan | No |
2016-07-28 | Plan funding arrangement – Insurance | Yes |
2016-07-28 | Plan funding arrangement – Trust | Yes |
2016-07-28 | Plan benefit arrangement – Insurance | Yes |
2016-07-28 | Plan benefit arrangement - Trust | Yes |