2023 Form 5500 filing — Lucid Motors 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241016000842NAL0051756304001) for Lucid Motors 401(K) Plan, reported by Lucid Usa, Inc. under EIN 26-1618465 and plan number 001. It reports 7,556 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241016000842NAL0051756304001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Lucid Usa, Inc.
- EIN
- 26-1618465
- Plan number
- 001
- Location
- Newark, CA
- Participants
- 7,556
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $139,761,371
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $139,761,371
- Employer contributions
- $429,250
- Participant contributions
- $41,859,903
- Total income / additions
- $72,476,375
- Benefits paid
- $14,342,903
- Administrative expenses
- $392,054
- Total expenses
- $14,774,571
- Net increase / (decrease)
- $57,701,804
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $363,879 | $0 |
| Newfront Retirement Services Inc | ADVISOR | $28,280 | not reported in the loaded dataset |