401k Plan data: RAD POWER BIKES 401(K) PLAN plan

RAD POWER BIKES 401(K) PLAN 401k Plan overview

Plan Name	RAD POWER BIKES 401(K) PLAN
Plan identification number	001

RAD POWER BIKES 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

RAD POWER BIKES INC. has sponsored the creation of one or more 401k plans.

Company Name: RAD POWER BIKES INC.

Employer identification number (EIN): 473439648

NAIC Classification: 423910
NAIC Description: Sporting and Recreational Goods and Supplies Merchant Wholesalers

Additional information about RAD POWER BIKES INC.

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division

Incorporation Date: 2015-03-10

Company Identification Number: 603485440

Legal Registered Office Address: 1420 5TH AVE STE 4200

SEATTLE
United States of America (USA)
981012375

More information about RAD POWER BIKES INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RAD POWER BIKES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2020-01-01
001 2019-04-01 ANITA RECTOR 2020-06-03 ANITA RECTOR 2020-06-03

Plan Statistics for RAD POWER BIKES 401(K) PLAN

401k plan membership statisitcs for RAD POWER BIKES 401(K) PLAN

Measure Date Value
2023: RAD POWER BIKES 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 419
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 181
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 95
Total of all active and inactive participants 2023-01-01 276
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 276
Number of participants with account balances 2023-01-01 185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: RAD POWER BIKES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 537
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 324
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 109
Total of all active and inactive participants 2022-01-01 433
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 433
Number of participants with account balances 2022-01-01 271
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: RAD POWER BIKES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 254
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 542
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 28
Total of all active and inactive participants 2021-01-01 570
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 570
Number of participants with account balances 2021-01-01 241
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 2
2020: RAD POWER BIKES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 155
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 231
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 7
Total of all active and inactive participants 2020-01-01 238
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 238
Number of participants with account balances 2020-01-01 88
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0

Measure	Date	Value
2023: RAD POWER BIKES 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	419
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	181
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	95
Total of all active and inactive participants	2023-01-01	276
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	276
Number of participants with account balances	2023-01-01	185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: RAD POWER BIKES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	537
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	324
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	109
Total of all active and inactive participants	2022-01-01	433
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	433
Number of participants with account balances	2022-01-01	271
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: RAD POWER BIKES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	254
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	542
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	28
Total of all active and inactive participants	2021-01-01	570
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	570
Number of participants with account balances	2021-01-01	241
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	2
2020: RAD POWER BIKES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	155
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	231
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	7
Total of all active and inactive participants	2020-01-01	238
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	238
Number of participants with account balances	2020-01-01	88
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0

Financial Data on RAD POWER BIKES 401(K) PLAN

Measure	Date	Value
2023 : RAD POWER BIKES 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$97,058
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$2,465,183
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$1,504,550
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$1,460,021
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$1,630,065
Value of total assets at end of year	2023-12-31	$5,310,421
Value of total assets at beginning of year	2023-12-31	$4,252,730
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$44,529
Total interest from all sources	2023-12-31	$1,212
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$10,785
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2023-12-31	$10,785
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$1,053,332
Participant contributions at end of year	2023-12-31	$9,461
Participant contributions at beginning of year	2023-12-31	$2,021
Participant contributions at end of year	2023-12-31	$22,372
Participant contributions at beginning of year	2023-12-31	$41,952
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$576,733
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2023-12-31	$97,058
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$960,633
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$5,213,363
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$4,252,730
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Investment advisory and management fees	2023-12-31	$18,201
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$985,216
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$543,669
Value of interest in pooled separate accounts at end of year	2023-12-31	$357,267
Value of interest in pooled separate accounts at beginning of year	2023-12-31	$235,418
Interest on participant loans	2023-12-31	$1,033
Interest earned on other investments	2023-12-31	$179
Value of interest in common/collective trusts at end of year	2023-12-31	$3,929,645
Value of interest in common/collective trusts at beginning of year	2023-12-31	$3,397,491
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2023-12-31	$6,460
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2023-12-31	$15,383
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$130,328
Net investment gain/loss from pooled separate accounts	2023-12-31	$52,345
Net investment gain or loss from common/collective trusts	2023-12-31	$640,448
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Employer contributions (assets) at beginning of year	2023-12-31	$16,796
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$1,460,021
Contract administrator fees	2023-12-31	$26,328
Did the plan have assets held for investment	2023-12-31	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	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	SWEENEY CONRAD, P.S.
Accountancy firm EIN	2023-12-31	911301672
2022 : RAD POWER BIKES 401(K) 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	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$2,626,743
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$1,943,452
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,873,679
Value of total corrective distributions	2022-12-31	$12,099
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$3,479,545
Value of total assets at end of year	2022-12-31	$4,252,730
Value of total assets at beginning of year	2022-12-31	$3,569,439
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$57,674
Total interest from all sources	2022-12-31	$336
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$8,182
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$8,182
Administrative expenses professional fees incurred	2022-12-31	$13,999
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$2,100,344
Participant contributions at end of year	2022-12-31	$2,021
Participant contributions at beginning of year	2022-12-31	$4,571
Participant contributions at end of year	2022-12-31	$41,952
Participant contributions at beginning of year	2022-12-31	$68,000
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$557,875
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	$683,291
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$4,252,730
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$3,569,439
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
Investment advisory and management fees	2022-12-31	$9,373
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$543,669
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$372,771
Value of interest in pooled separate accounts at end of year	2022-12-31	$235,418
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$185,192
Interest on participant loans	2022-12-31	$225
Interest earned on other investments	2022-12-31	$111
Value of interest in common/collective trusts at end of year	2022-12-31	$3,397,491
Value of interest in common/collective trusts at beginning of year	2022-12-31	$2,937,229
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$15,383
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$1,676
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-123,161
Net investment gain/loss from pooled separate accounts	2022-12-31	$-47,701
Net investment gain or loss from common/collective trusts	2022-12-31	$-690,458
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	$821,326
Employer contributions (assets) at end of year	2022-12-31	$16,796
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,873,679
Contract administrator fees	2022-12-31	$34,302
Did the plan have assets held for investment	2022-12-31	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	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	SWEENEY CONRAD, P.S.
Accountancy firm EIN	2022-12-31	911301672
2021 : RAD POWER BIKES 401(K) 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	$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	$2,492,295
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$481,011
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$440,662
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$2,109,569
Value of total assets at end of year	2021-12-31	$3,569,439
Value of total assets at beginning of year	2021-12-31	$1,558,155
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$40,349
Total interest from all sources	2021-12-31	$331
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$4,006
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$4,006
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
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
Contributions received from participants	2021-12-31	$1,339,822
Participant contributions at end of year	2021-12-31	$4,571
Participant contributions at beginning of year	2021-12-31	$591
Participant contributions at end of year	2021-12-31	$68,000
Participant contributions at beginning of year	2021-12-31	$52,600
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$769,747
Other income not declared elsewhere	2021-12-31	$295
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	$2,011,284
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$3,569,439
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$1,558,155
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	$372,771
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$142,142
Value of interest in pooled separate accounts at end of year	2021-12-31	$185,192
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$86,419
Interest on participant loans	2021-12-31	$318
Interest earned on other investments	2021-12-31	$13
Value of interest in common/collective trusts at end of year	2021-12-31	$2,937,229
Value of interest in common/collective trusts at beginning of year	2021-12-31	$1,276,292
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$1,676
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$111
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$29,172
Net investment gain/loss from pooled separate accounts	2021-12-31	$36,371
Net investment gain or loss from common/collective trusts	2021-12-31	$312,551
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	Yes
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	$440,662
Contract administrator fees	2021-12-31	$40,349
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
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	SWEENEY CONRAD, P.S.
Accountancy firm EIN	2021-12-31	911301672
2020 : RAD POWER BIKES 401(K) PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets	2020-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$0
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total transfer of assets to this plan	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$1,300,965
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$31,206
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$12,714
Expenses. Certain deemed distributions of participant loans	2020-12-31	$0
Value of total corrective distributions	2020-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,081,684
Value of total assets at end of year	2020-12-31	$1,558,155
Value of total assets at beginning of year	2020-12-31	$288,396
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$18,492
Total income from rents	2020-12-31	$0
Total interest from all sources	2020-12-31	$18
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$870
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$870
Administrative expenses professional fees incurred	2020-12-31	$0
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
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
Amount of non-exempt transactions with any party-in-interest	2020-12-31	$0
Contributions received from participants	2020-12-31	$482,118
Participant contributions at end of year	2020-12-31	$591
Participant contributions at end of year	2020-12-31	$52,600
Participant contributions at beginning of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$599,566
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2020-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$0
Other income not declared elsewhere	2020-12-31	$0
Administrative expenses (other) incurred	2020-12-31	$0
Liabilities. Value of operating payables at beginning of year	2020-12-31	$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	2020-12-31	No
Value of net income/loss	2020-12-31	$1,269,759
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$1,558,155
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$288,396
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
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2020-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2020-12-31	$0
Investment advisory and management fees	2020-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$142,142
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$13,126
Value of interest in pooled separate accounts at end of year	2020-12-31	$86,419
Value of interest in pooled separate accounts at beginning of year	2020-12-31	$16,720
Interest on participant loans	2020-12-31	$18
Income. Interest from loans (other than to participants)	2020-12-31	$0
Interest earned on other investments	2020-12-31	$0
Income. Interest from US Government securities	2020-12-31	$0
Income. Interest from corporate debt instruments	2020-12-31	$0
Value of interest in common/collective trusts at end of year	2020-12-31	$1,276,292
Value of interest in common/collective trusts at beginning of year	2020-12-31	$258,543
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$111
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$7
Expenses. Payments to insurance carriers foe the provision of benefits	2020-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$17,781
Net investment gain/loss from pooled separate accounts	2020-12-31	$17,236
Net investment gain or loss from common/collective trusts	2020-12-31	$183,376
Net gain/loss from 103.12 investment entities	2020-12-31	$0
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
Contributions received in cash from employer	2020-12-31	$0
Employer contributions (assets) at end of year	2020-12-31	$0
Employer contributions (assets) at beginning of year	2020-12-31	$0
Income. Dividends from preferred stock	2020-12-31	$0
Income. Dividends from common stock	2020-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$12,714
Contract administrator fees	2020-12-31	$18,492
Liabilities. Value of benefit claims payable at beginning of year	2020-12-31	$0
Did the plan have assets held for investment	2020-12-31	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	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
Aggregate proceeds on sale of assets	2020-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2020-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2020-12-31	$0
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	MOSS ADAMS LLP
Accountancy firm EIN	2020-12-31	910189318

Form 5500 Responses for RAD POWER BIKES 401(K) PLAN

2023: RAD POWER BIKES 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement – Insurance	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: RAD POWER BIKES 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
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 – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: RAD POWER BIKES 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
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 – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: RAD POWER BIKES 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	Yes
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 – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	276
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

468654

Policy instance

Insurance contract or identification number	468654
Number of Individuals Covered	276
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	433
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $7
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $6
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

468654

Policy instance

Insurance contract or identification number	468654
Number of Individuals Covered	433
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $547
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $465
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	570
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $4
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $4
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

468654

Policy instance

Insurance contract or identification number	468654
Number of Individuals Covered	570
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $821
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $821
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	238
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

468654

Policy instance

Insurance contract or identification number	468654
Number of Individuals Covered	238
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $257
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $257
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

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Company Name:	RAD POWER BIKES INC.
Employer identification number (EIN):	473439648
NAIC Classification:	423910
NAIC Description:	Sporting and Recreational Goods and Supplies Merchant Wholesalers

Jurisdiction of Incorporation:	Washington Secretary of State Corporations Division
Incorporation Date:	2015-03-10
Company Identification Number:	603485440
Legal Registered Office Address:	1420 5TH AVE STE 4200 SEATTLE United States of America (USA) 981012375