401k Plan data: 2019 BMW PENSION PLAN plan

2019 BMW PENSION PLAN 401k Plan overview

Plan Name	2019 BMW PENSION PLAN
Plan identification number	004

2019 BMW PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Code section 401(h) arrangement - Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BMW OF NORTH AMERICA, LLC has sponsored the creation of one or more 401k plans.

Company Name: BMW OF NORTH AMERICA, LLC

Employer identification number (EIN): 222139469

NAIC Classification: 423100

Additional information about BMW OF NORTH AMERICA, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 0831725

More information about BMW OF NORTH AMERICA, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 2019 BMW PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
004 2022-01-01
004 2021-01-01
004 2020-01-01 PHILIP MASI 2021-10-04 NICOLE MORAN 2021-10-04
004 2019-09-01 PHILIP MASI 2020-10-15 NICOLE MORAN 2020-10-15
004 2019-09-01 PHILIP MASI 2020-10-07 NICOLE MORAN 2020-10-07

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
004	2022-01-01
004	2021-01-01
004	2020-01-01	PHILIP MASI	2021-10-04	NICOLE MORAN	2021-10-04
004	2019-09-01	PHILIP MASI	2020-10-15	NICOLE MORAN	2020-10-15
004	2019-09-01	PHILIP MASI	2020-10-07	NICOLE MORAN	2020-10-07

Plan Statistics for 2019 BMW PENSION PLAN

401k plan membership statisitcs for 2019 BMW PENSION PLAN

Measure Date Value
2022: 2019 BMW PENSION PLAN 2022 401k membership
Market value of plan assets 2022-12-31 784,267,554
Acturial value of plan assets 2022-12-31 741,736,662
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 226,106,571
Number of terminated vested participants 2022-12-31 759
Fundng target for terminated vested participants 2022-12-31 63,827,875
Active participant vested funding target 2022-12-31 200,513,290
Number of active participants 2022-12-31 1,499
Total funding liabilities for active participants 2022-12-31 228,316,436
Total participant count 2022-12-31 3,404
Total funding target for all participants 2022-12-31 518,250,882
Balance at beginning of prior year after applicable adjustments 2022-12-31 25,886,049
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 116,495,535
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 25,886,049
Amount remaining of prefunding balance 2022-12-31 116,495,535
Present value of excess contributions 2022-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 27,558,288
Balance of prefunding at beginning of current year 2022-12-31 124,021,147
Total employer contributions 2022-12-31 37,000,000
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 36,605,912
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 1,729,000
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 36,605,912
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total participants, beginning-of-year 2022-01-01 3,404
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 1,442
Number of retired or separated participants receiving benefits 2022-01-01 1,025
Number of other retired or separated participants entitled to future benefits 2022-01-01 689
Total of all active and inactive participants 2022-01-01 3,156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 167
Total participants 2022-01-01 3,323
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: 2019 BMW PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 775,784,874
Acturial value of plan assets 2021-12-31 730,576,592
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 221,675,690
Number of terminated vested participants 2021-12-31 778
Fundng target for terminated vested participants 2021-12-31 55,415,034
Active participant vested funding target 2021-12-31 193,381,833
Number of active participants 2021-12-31 1,588
Total funding liabilities for active participants 2021-12-31 225,126,596
Total participant count 2021-12-31 3,491
Total funding target for all participants 2021-12-31 502,217,320
Balance at beginning of prior year after applicable adjustments 2021-12-31 21,955,936
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 98,808,766
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 21,955,936
Amount remaining of prefunding balance 2021-12-31 98,808,766
Present value of excess contributions 2021-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 25,886,049
Balance of prefunding at beginning of current year 2021-12-31 116,495,535
Total employer contributions 2021-12-31 0
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 0
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 1,624,000
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
Total participants, beginning-of-year 2021-01-01 3,491
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 1,499
Number of retired or separated participants receiving benefits 2021-01-01 1,016
Number of other retired or separated participants entitled to future benefits 2021-01-01 730
Total of all active and inactive participants 2021-01-01 3,245
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 159
Total participants 2021-01-01 3,404
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: 2019 BMW PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 719,548,206
Acturial value of plan assets 2020-12-31 719,548,206
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 221,978,647
Number of terminated vested participants 2020-12-31 862
Fundng target for terminated vested participants 2020-12-31 74,383,077
Active participant vested funding target 2020-12-31 194,916,534
Number of active participants 2020-12-31 1,694
Total funding liabilities for active participants 2020-12-31 224,279,719
Total participant count 2020-12-31 3,645
Total funding target for all participants 2020-12-31 520,641,443
Balance at beginning of prior year after applicable adjustments 2020-12-31 19,246,087
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 86,613,575
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 19,246,087
Amount remaining of prefunding balance 2020-12-31 86,613,575
Present value of excess contributions 2020-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 21,955,936
Balance of prefunding at beginning of current year 2020-12-31 98,808,766
Total employer contributions 2020-12-31 0
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 0
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 1,667,000
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
Total participants, beginning-of-year 2020-01-01 3,645
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 1,588
Number of retired or separated participants receiving benefits 2020-01-01 1,010
Number of other retired or separated participants entitled to future benefits 2020-01-01 750
Total of all active and inactive participants 2020-01-01 3,348
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 143
Total participants 2020-01-01 3,491
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: 2019 BMW PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-31 659,283,948
Acturial value of plan assets 2019-12-31 659,283,948
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 203,282,918
Number of terminated vested participants 2019-12-31 786
Fundng target for terminated vested participants 2019-12-31 52,583,740
Active participant vested funding target 2019-12-31 228,226,218
Number of active participants 2019-12-31 1,981
Total funding liabilities for active participants 2019-12-31 257,539,158
Total participant count 2019-12-31 3,796
Total funding target for all participants 2019-12-31 513,405,816
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 0
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 0
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 415,332
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
Total participants, beginning-of-year 2019-09-01 3,567
Total number of active participants reported on line 7a of the Form 5500 2019-09-01 1,694
Number of retired or separated participants receiving benefits 2019-09-01 983
Number of other retired or separated participants entitled to future benefits 2019-09-01 830
Total of all active and inactive participants 2019-09-01 3,507
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-09-01 138
Total participants 2019-09-01 3,645
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-09-01 0

Measure	Date	Value
2022: 2019 BMW PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	784,267,554
Acturial value of plan assets	2022-12-31	741,736,662
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	226,106,571
Number of terminated vested participants	2022-12-31	759
Fundng target for terminated vested participants	2022-12-31	63,827,875
Active participant vested funding target	2022-12-31	200,513,290
Number of active participants	2022-12-31	1,499
Total funding liabilities for active participants	2022-12-31	228,316,436
Total participant count	2022-12-31	3,404
Total funding target for all participants	2022-12-31	518,250,882
Balance at beginning of prior year after applicable adjustments	2022-12-31	25,886,049
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	116,495,535
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	25,886,049
Amount remaining of prefunding balance	2022-12-31	116,495,535
Present value of excess contributions	2022-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	27,558,288
Balance of prefunding at beginning of current year	2022-12-31	124,021,147
Total employer contributions	2022-12-31	37,000,000
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	36,605,912
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	1,729,000
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	36,605,912
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total participants, beginning-of-year	2022-01-01	3,404
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	1,442
Number of retired or separated participants receiving benefits	2022-01-01	1,025
Number of other retired or separated participants entitled to future benefits	2022-01-01	689
Total of all active and inactive participants	2022-01-01	3,156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	167
Total participants	2022-01-01	3,323
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: 2019 BMW PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	775,784,874
Acturial value of plan assets	2021-12-31	730,576,592
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	221,675,690
Number of terminated vested participants	2021-12-31	778
Fundng target for terminated vested participants	2021-12-31	55,415,034
Active participant vested funding target	2021-12-31	193,381,833
Number of active participants	2021-12-31	1,588
Total funding liabilities for active participants	2021-12-31	225,126,596
Total participant count	2021-12-31	3,491
Total funding target for all participants	2021-12-31	502,217,320
Balance at beginning of prior year after applicable adjustments	2021-12-31	21,955,936
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	98,808,766
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	21,955,936
Amount remaining of prefunding balance	2021-12-31	98,808,766
Present value of excess contributions	2021-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	25,886,049
Balance of prefunding at beginning of current year	2021-12-31	116,495,535
Total employer contributions	2021-12-31	0
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	0
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	1,624,000
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
Total participants, beginning-of-year	2021-01-01	3,491
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	1,499
Number of retired or separated participants receiving benefits	2021-01-01	1,016
Number of other retired or separated participants entitled to future benefits	2021-01-01	730
Total of all active and inactive participants	2021-01-01	3,245
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	159
Total participants	2021-01-01	3,404
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: 2019 BMW PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	719,548,206
Acturial value of plan assets	2020-12-31	719,548,206
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	221,978,647
Number of terminated vested participants	2020-12-31	862
Fundng target for terminated vested participants	2020-12-31	74,383,077
Active participant vested funding target	2020-12-31	194,916,534
Number of active participants	2020-12-31	1,694
Total funding liabilities for active participants	2020-12-31	224,279,719
Total participant count	2020-12-31	3,645
Total funding target for all participants	2020-12-31	520,641,443
Balance at beginning of prior year after applicable adjustments	2020-12-31	19,246,087
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	86,613,575
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	19,246,087
Amount remaining of prefunding balance	2020-12-31	86,613,575
Present value of excess contributions	2020-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	21,955,936
Balance of prefunding at beginning of current year	2020-12-31	98,808,766
Total employer contributions	2020-12-31	0
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	0
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	1,667,000
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
Total participants, beginning-of-year	2020-01-01	3,645
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	1,588
Number of retired or separated participants receiving benefits	2020-01-01	1,010
Number of other retired or separated participants entitled to future benefits	2020-01-01	750
Total of all active and inactive participants	2020-01-01	3,348
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	143
Total participants	2020-01-01	3,491
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: 2019 BMW PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	659,283,948
Acturial value of plan assets	2019-12-31	659,283,948
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	203,282,918
Number of terminated vested participants	2019-12-31	786
Fundng target for terminated vested participants	2019-12-31	52,583,740
Active participant vested funding target	2019-12-31	228,226,218
Number of active participants	2019-12-31	1,981
Total funding liabilities for active participants	2019-12-31	257,539,158
Total participant count	2019-12-31	3,796
Total funding target for all participants	2019-12-31	513,405,816
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	0
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	0
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	415,332
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
Total participants, beginning-of-year	2019-09-01	3,567
Total number of active participants reported on line 7a of the Form 5500	2019-09-01	1,694
Number of retired or separated participants receiving benefits	2019-09-01	983
Number of other retired or separated participants entitled to future benefits	2019-09-01	830
Total of all active and inactive participants	2019-09-01	3,507
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-09-01	138
Total participants	2019-09-01	3,645
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-09-01	0

Financial Data on 2019 BMW PENSION PLAN

Measure	Date	Value
2022 : 2019 BMW PENSION PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$2,252,903
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$562,920
Total income from all sources (including contributions)	2022-12-31	$-159,066,138
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$56,944,817
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$49,900,804
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$37,000,000
Value of total assets at end of year	2022-12-31	$697,194,159
Value of total assets at beginning of year	2022-12-31	$911,515,131
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$7,044,013
Total interest from all sources	2022-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Administrative expenses professional fees incurred	2022-12-31	$3,676,959
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$1,000,000
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Administrative expenses (other) incurred	2022-12-31	$3,367,054
Liabilities. Value of operating payables at end of year	2022-12-31	$2,252,903
Liabilities. Value of operating payables at beginning of year	2022-12-31	$562,920
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-216,010,955
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$694,941,256
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$910,952,211
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in master investment trust accounts at end of year	2022-12-31	$697,194,159
Value of interest in master investment trust accounts at beginning of year	2022-12-31	$911,515,131
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$37,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$49,900,804
Did the plan have assets held for investment	2022-12-31	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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	CROWE LLP
Accountancy firm EIN	2022-12-31	350921680
2021 : 2019 BMW PENSION PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$562,920
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$478,219
Total income from all sources (including contributions)	2021-12-31	$55,757,532
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$45,072,951
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$38,786,676
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$0
Value of total assets at end of year	2021-12-31	$911,515,131
Value of total assets at beginning of year	2021-12-31	$900,745,849
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$6,286,275
Total interest from all sources	2021-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Administrative expenses professional fees incurred	2021-12-31	$2,569,647
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Administrative expenses (other) incurred	2021-12-31	$3,716,628
Liabilities. Value of operating payables at end of year	2021-12-31	$562,920
Liabilities. Value of operating payables at beginning of year	2021-12-31	$478,219
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$10,684,581
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$910,952,211
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$900,267,630
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in master investment trust accounts at end of year	2021-12-31	$911,515,131
Value of interest in master investment trust accounts at beginning of year	2021-12-31	$900,745,849
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$38,786,676
Did the plan have assets held for investment	2021-12-31	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	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Disclaimer
Accountancy firm name	2021-12-31	CROWE LLP
Accountancy firm EIN	2021-12-31	350921680
2020 : 2019 BMW PENSION PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$478,219
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$337,051
Total income from all sources (including contributions)	2020-12-31	$139,020,039
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$68,716,337
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$65,033,053
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$0
Value of total assets at end of year	2020-12-31	$900,745,849
Value of total assets at beginning of year	2020-12-31	$830,300,979
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$3,683,284
Total interest from all sources	2020-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Administrative expenses professional fees incurred	2020-12-31	$2,773,826
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Administrative expenses (other) incurred	2020-12-31	$909,458
Liabilities. Value of operating payables at end of year	2020-12-31	$478,219
Liabilities. Value of operating payables at beginning of year	2020-12-31	$337,051
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$70,303,702
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$900,267,630
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$829,963,928
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in master investment trust accounts at end of year	2020-12-31	$900,745,849
Value of interest in master investment trust accounts at beginning of year	2020-12-31	$830,300,979
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$65,033,053
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	CROWE LLP
Accountancy firm EIN	2020-12-31	350921680
2019 : 2019 BMW PENSION PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total transfer of assets to this plan	2019-12-31	$790,440,227
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$337,051
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$66,005,756
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$26,482,055
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$26,089,979
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$60,000,000
Value of total assets at end of year	2019-12-31	$830,300,979
Value of total assets at beginning of year	2019-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$392,076
Total interest from all sources	2019-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Administrative expenses professional fees incurred	2019-12-31	$359,769
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Administrative expenses (other) incurred	2019-12-31	$32,307
Liabilities. Value of operating payables at end of year	2019-12-31	$337,051
Liabilities. Value of operating payables at beginning of year	2019-12-31	$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	2019-12-31	No
Value of net income/loss	2019-12-31	$39,523,701
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$829,963,928
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in master investment trust accounts at end of year	2019-12-31	$830,300,979
Value of interest in master investment trust accounts at beginning of year	2019-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$60,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$26,089,979
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	EISNER AMPER LLP
Accountancy firm EIN	2019-12-31	131639826

Form 5500 Responses for 2019 BMW PENSION PLAN

2022: 2019 BMW PENSION PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: 2019 BMW PENSION PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: 2019 BMW PENSION PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: 2019 BMW PENSION PLAN 2019 form 5500 responses
2019-09-01	Type of plan entity	Single employer plan
2019-09-01	First time form 5500 has been submitted	Yes
2019-09-01	Submission has been amended	Yes
2019-09-01	This submission is the final filing	No
2019-09-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2019-09-01	Plan is a collectively bargained plan	No
2019-09-01	Plan funding arrangement – Trust	Yes
2019-09-01	Plan benefit arrangement - Trust	Yes

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Company Name:	BMW OF NORTH AMERICA, LLC
Employer identification number (EIN):	222139469
NAIC Classification:	423100

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	0831725