Enovix Corporation Profit Sharing 401(K) Plan — Form 5500 plan (Enovix Corporation)
Plain-English plan 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, Enovix Corporation Profit Sharing 401(K) Plan is a benefit plan reported by Enovix Corporation under EIN 20-5871008 and plan number 001. The latest loaded filing year is 2023. The filing reports 430 participants and $20,077,345 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$20.1MPlan net assets, end of year$20,077,345
Participants430Covered participants reported
Assets / participant$46.7KComputed: assets ÷ participants$46,692 (computed)
Provider compensation$48.7K3 Schedule C provider row(s)$48,662
- Plan sponsor
- Enovix Corporation
- EIN
- 20-5871008
- Plan number
- 001
- Plan type
- 2
- Location
- Fremont, CA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 430 | H, C | 20241015141104NAL0029925009001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$20.1M total assets
Net assets$20.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $20,077,345
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,077,345
- Net assets (BOY)
- $15,618,501
Income & contributions
- Employer contributions
- $1,597,708
- Participant contributions
- $3,093,419
- Total contributions
- $5,000,651
- Total income / additions
- $7,881,957
Expenses & distributions
- Benefits paid
- $3,308,760
- Administrative expenses
- $107,615
- Total expenses
- $3,423,113
- Net increase / (decrease)
- $4,458,844
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
34%66%
Employer 34%Participant 66%
Total expenses ÷ net assets17%Computed ratio
Benefits paid ÷ total income42%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Kearney-Burch Financial Services | FINANCIAL ADVISOR | $29,680 | $0 | 2023 |
| Rubey & Rust Capital Mgmt LLC | INVESTMENT ADVISOR | $15,779 | $0 | 2023 |
| John Hancock Life Ins. Company | RECORDKEEPER | $2,453 | $750 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Enovix Corporation
- 2023 Form 5500 filing
- Form 5500 filings in CA
- 401(k) and benefit plan filings in Fremont, CA
- Kearney-Burch Financial Services — Schedule C compensation
- Rubey & Rust Capital Mgmt LLC — Schedule C compensation
- John Hancock Life Ins. Company — Schedule C compensation