ELECTRIC LAST MILE, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan ELECTRIC LAST MILE SOLUTIONS 401(K) PLAN
| Measure | Date | Value |
|---|
| 2022 : ELECTRIC LAST MILE SOLUTIONS 401(K) PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-05 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-05 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-05 | $0 |
| Total income from all sources (including contributions) | 2022-12-05 | $1,050,483 |
| Total loss/gain on sale of assets | 2022-12-05 | $0 |
| Total of all expenses incurred | 2022-12-05 | $2,061,928 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-05 | $1,975,499 |
| Value of total corrective distributions | 2022-12-05 | $1,086 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-05 | $1,415,972 |
| Value of total assets at end of year | 2022-12-05 | $0 |
| Value of total assets at beginning of year | 2022-12-05 | $1,011,445 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-05 | $85,343 |
| Total interest from all sources | 2022-12-05 | $2,383 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-05 | $2,419 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-05 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2022-12-05 | $0 |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-05 | $2,419 |
| Was this plan covered by a fidelity bond | 2022-12-05 | No |
| If this is an individual account plan, was there a blackout period | 2022-12-05 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-05 | No |
| Contributions received from participants | 2022-12-05 | $700,090 |
| Participant contributions at beginning of year | 2022-12-05 | $1,002 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-05 | $715,882 |
| Other income not declared elsewhere | 2022-12-05 | $4,606 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-05 | No |
| Value of net income/loss | 2022-12-05 | $-1,011,445 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-05 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-05 | $1,011,445 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-05 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-05 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-05 | No |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-05 | $246,751 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-05 | $81,370 |
| Interest on participant loans | 2022-12-05 | $48 |
| Interest earned on other investments | 2022-12-05 | $2,335 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-05 | $671,012 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-05 | $11,310 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-05 | $-160,609 |
| Net investment gain/loss from pooled separate accounts | 2022-12-05 | $-35,938 |
| Net investment gain or loss from common/collective trusts | 2022-12-05 | $-178,350 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-05 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-05 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-05 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-05 | $1,975,499 |
| Contract administrator fees | 2022-12-05 | $85,343 |
| Did the plan have assets held for investment | 2022-12-05 | 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 | 2022-12-05 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-05 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2022-12-05 | Unqualified |
| Accountancy firm name | 2022-12-05 | SEE ATTACHED REASONABLE CAUSE |
| Accountancy firm EIN | 2022-12-05 | 852660357 |
| 2021 : ELECTRIC LAST MILE SOLUTIONS 401(K) PLAN 2021 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2021-12-31 | $-5,403 |
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $-5,403 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total income from all sources (including contributions) | 2021-12-31 | $1,018,009 |
| Total loss/gain on sale of assets | 2021-12-31 | $1,593 |
| Total of all expenses incurred | 2021-12-31 | $6,572 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $2,325 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $997,900 |
| Value of total assets at end of year | 2021-12-31 | $1,011,437 |
| Value of total assets at beginning of year | 2021-12-31 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $4,247 |
| Total interest from all sources | 2021-12-31 | $972 |
| 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 | $4,247 |
| Was this plan covered by a fidelity bond | 2021-12-31 | No |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $582,882 |
| Participant contributions at end of year | 2021-12-31 | $1,000 |
| Participant contributions at beginning of year | 2021-12-31 | $0 |
| Assets. Other investments not covered elsewhere at end of year | 2021-12-31 | $92,680 |
| Assets. Other investments not covered elsewhere at beginning of year | 2021-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $415,018 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2021-12-31 | $827 |
| Other income not declared elsewhere | 2021-12-31 | $22,947 |
| 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 | $1,011,437 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $1,011,437 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $0 |
| 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 registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $671,012 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $0 |
| Income. Interest from corporate debt instruments | 2021-12-31 | $972 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $2,734 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $0 |
| 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 | $1,498 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2021-12-31 | $244,011 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2021-12-31 | $0 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| 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 |
| Aggregate proceeds on sale of assets | 2021-12-31 | $1,593 |
| Aggregate carrying amount (costs) on sale of assets | 2021-12-31 | $0 |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | SEE ATTACHED REASONABLE CAUSE |
| Accountancy firm EIN | 2021-12-31 | 852660357 |
