ELECTRIC LAST MILE, INC. UNION DEFINED BENEFIT PLAN 401k Plan overview

ELECTRIC LAST MILE, INC. UNION DEFINED BENEFIT PLAN Benefits

401k Sponsoring company profile

Company Name:	ELECTRIC LAST MILE, INC.
Employer identification number (EIN):	852660357
NAIC Classification:	336100

Form 5500 Filing Information

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2022-01-01	DAVID CARICKHOFF-BANKRUPTCY TRUSTEE	2023-03-16
003	2021-01-01	DAVID CARICKHOFF-BANKRUPTCY TRUSTEE	2022-07-12

Plan Statistics for ELECTRIC LAST MILE, INC. UNION DEFINED BENEFIT PLAN

Measure	Date	Value
2021: ELECTRIC LAST MILE, INC. UNION DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets	2021-12-31	94,132
Acturial value of plan assets	2021-12-31	94,132
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	25
Fundng target for terminated vested participants	2021-12-31	80,468
Active participant vested funding target	2021-12-31	9,087
Number of active participants	2021-12-31	3
Total funding liabilities for active participants	2021-12-31	9,481
Total participant count	2021-12-31	28
Total funding target for all participants	2021-12-31	89,949
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
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	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	225
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	238
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	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	47,762
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	44,319
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	3,675
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	44,319
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0

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