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VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 401k Plan overview

Plan NameVOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN
Plan identification number 335

VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

VOLVO CAR USA LLC DBA VOLVO CAR US OPERATIONS has sponsored the creation of one or more 401k plans.

Company Name:VOLVO CAR USA LLC DBA VOLVO CAR US OPERATIONS
Employer identification number (EIN):474903750
NAIC Classification:336100

Additional information about VOLVO CAR USA LLC DBA VOLVO CAR US OPERATIONS

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2016-01-21
Company Identification Number: 0802374225
Legal Registered Office Address: 19785 W 12 MILE RD

SOUTHFIELD
United States of America (USA)
48076

More information about VOLVO CAR USA LLC DBA VOLVO CAR US OPERATIONS

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
3352022-01-01
3352021-01-01
3352020-01-01
3352019-01-01
3352018-01-01
3352017-01-01ALLYSE SCELFO
3352016-01-01ALLYSE SCELFO

Plan Statistics for VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN

401k plan membership statisitcs for VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN

Measure Date Value
2022: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-012,486
Total number of active participants reported on line 7a of the Form 55002022-01-012,331
Number of retired or separated participants receiving benefits2022-01-0110
Number of other retired or separated participants entitled to future benefits2022-01-01555
Total of all active and inactive participants2022-01-012,896
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-012,896
Number of participants with account balances2022-01-012,784
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-01179
2021: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-012,259
Total number of active participants reported on line 7a of the Form 55002021-01-012,011
Number of retired or separated participants receiving benefits2021-01-0110
Number of other retired or separated participants entitled to future benefits2021-01-01465
Total of all active and inactive participants2021-01-012,486
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-012,486
Number of participants with account balances2021-01-012,374
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-01145
2020: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-012,283
Total number of active participants reported on line 7a of the Form 55002020-01-011,843
Number of retired or separated participants receiving benefits2020-01-014
Number of other retired or separated participants entitled to future benefits2020-01-01412
Total of all active and inactive participants2020-01-012,259
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-012,259
Number of participants with account balances2020-01-012,148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-01177
2019: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-012,088
Total number of active participants reported on line 7a of the Form 55002019-01-011,922
Number of retired or separated participants receiving benefits2019-01-0111
Number of other retired or separated participants entitled to future benefits2019-01-01350
Total of all active and inactive participants2019-01-012,283
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-012,283
Number of participants with account balances2019-01-012,173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-01298
2018: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011,188
Total number of active participants reported on line 7a of the Form 55002018-01-011,814
Number of retired or separated participants receiving benefits2018-01-0112
Number of other retired or separated participants entitled to future benefits2018-01-01262
Total of all active and inactive participants2018-01-012,088
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-012,088
Number of participants with account balances2018-01-011,974
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-01100
2017: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01827
Total number of active participants reported on line 7a of the Form 55002017-01-01968
Number of retired or separated participants receiving benefits2017-01-019
Number of other retired or separated participants entitled to future benefits2017-01-01211
Total of all active and inactive participants2017-01-011,188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-011,188
Number of participants with account balances2017-01-011,077
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0122
2016: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01759
Total number of active participants reported on line 7a of the Form 55002016-01-01615
Number of retired or separated participants receiving benefits2016-01-019
Number of other retired or separated participants entitled to future benefits2016-01-01203
Total of all active and inactive participants2016-01-01827
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01827
Number of participants with account balances2016-01-01658
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN

Measure Date Value
2022 : VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$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$0
Total income from all sources (including contributions)2022-12-31$-29,677,970
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$31,946,125
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$31,491,554
Expenses. Certain deemed distributions of participant loans2022-12-31$25,587
Value of total corrective distributions2022-12-31$7,053
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$27,782,362
Value of total assets at end of year2022-12-31$227,822,691
Value of total assets at beginning of year2022-12-31$289,446,786
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$421,931
Total interest from all sources2022-12-31$139,007
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$8,943,629
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$8,943,629
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$30,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$13,985,738
Participant contributions at end of year2022-12-31$2,654,362
Participant contributions at beginning of year2022-12-31$2,508,422
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$3,613,519
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-61,624,095
Value of net assets at end of year (total assets less liabilities)2022-12-31$227,822,691
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$289,446,786
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$229,165
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$140,265,520
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$244,374,882
Interest on participant loans2022-12-31$116,720
Value of interest in common/collective trusts at end of year2022-12-31$84,612,647
Value of interest in common/collective trusts at beginning of year2022-12-31$40,379,005
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$290,162
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$2,184,477
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$2,184,477
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$22,287
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-53,640,900
Net investment gain or loss from common/collective trusts2022-12-31$-12,902,068
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$10,183,105
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$31,491,554
Contract administrator fees2022-12-31$192,766
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PLANTE MORAN, PLLC
Accountancy firm EIN2022-12-31381357951
2021 : VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$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$65,792,620
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$20,163,176
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$19,763,614
Expenses. Certain deemed distributions of participant loans2021-12-31$10,156
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$26,683,000
Value of total assets at end of year2021-12-31$289,446,786
Value of total assets at beginning of year2021-12-31$243,817,342
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$389,406
Total interest from all sources2021-12-31$121,910
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$13,326,564
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$13,326,564
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$30,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$11,710,421
Participant contributions at end of year2021-12-31$2,508,422
Participant contributions at beginning of year2021-12-31$2,208,059
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$4,446,283
Other income not declared elsewhere2021-12-31$25,479
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$45,629,444
Value of net assets at end of year (total assets less liabilities)2021-12-31$289,446,786
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$243,817,342
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$224,616
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$244,374,882
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$215,714,490
Interest on participant loans2021-12-31$120,566
Value of interest in common/collective trusts at end of year2021-12-31$40,379,005
Value of interest in common/collective trusts at beginning of year2021-12-31$10,773,854
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$2,184,477
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$15,120,939
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$15,120,939
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$1,344
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$23,425,181
Net investment gain or loss from common/collective trusts2021-12-31$2,210,486
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$10,526,296
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$19,763,614
Contract administrator fees2021-12-31$164,790
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PLANTE MORAN, PLLC
Accountancy firm EIN2021-12-31381357951
2020 : VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$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$74,660,804
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$36,295,916
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$35,981,549
Expenses. Certain deemed distributions of participant loans2020-12-31$3,612
Value of total corrective distributions2020-12-31$1,933
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$22,248,232
Value of total assets at end of year2020-12-31$243,817,342
Value of total assets at beginning of year2020-12-31$205,452,454
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$308,822
Total interest from all sources2020-12-31$146,984
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$5,459,522
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$5,459,522
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$30,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$10,212,366
Participant contributions at end of year2020-12-31$2,208,059
Participant contributions at beginning of year2020-12-31$2,068,223
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$1,919,461
Other income not declared elsewhere2020-12-31$23,999
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$38,364,888
Value of net assets at end of year (total assets less liabilities)2020-12-31$243,817,342
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$205,452,454
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$206,258
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$215,714,490
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$172,331,701
Interest on participant loans2020-12-31$111,730
Value of interest in common/collective trusts at end of year2020-12-31$10,773,854
Value of interest in common/collective trusts at beginning of year2020-12-31$17,229,233
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$15,120,939
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$13,823,297
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$13,823,297
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$35,254
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$47,107,753
Net investment gain or loss from common/collective trusts2020-12-31$-325,686
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$10,116,405
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$35,981,549
Contract administrator fees2020-12-31$102,564
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31PLANTE MORAN, PLLC
Accountancy firm EIN2020-12-31381357951
2019 : VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$65,865,870
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$14,112,530
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$13,921,891
Expenses. Certain deemed distributions of participant loans2019-12-31$5,568
Value of total corrective distributions2019-12-31$13,613
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$25,624,063
Value of total assets at end of year2019-12-31$205,452,454
Value of total assets at beginning of year2019-12-31$153,699,114
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$171,458
Total interest from all sources2019-12-31$400,255
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$6,776,441
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$6,776,441
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$30,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$11,052,153
Participant contributions at end of year2019-12-31$2,068,223
Participant contributions at beginning of year2019-12-31$1,651,389
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$2,488,991
Other income not declared elsewhere2019-12-31$43,750
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$51,753,340
Value of net assets at end of year (total assets less liabilities)2019-12-31$205,452,454
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$153,699,114
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$156,896
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$172,331,701
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$126,101,451
Interest on participant loans2019-12-31$163,510
Value of interest in common/collective trusts at end of year2019-12-31$17,229,233
Value of interest in common/collective trusts at beginning of year2019-12-31$13,234,681
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$13,823,297
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$12,711,593
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$12,711,593
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$236,745
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$29,030,266
Net investment gain or loss from common/collective trusts2019-12-31$3,991,095
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$12,082,919
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$13,921,891
Contract administrator fees2019-12-31$14,562
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31PLANTE MORAN, PLLC
Accountancy firm EIN2019-12-31381357951
2018 : VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$10,124,684
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$8,813,651
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$8,651,239
Expenses. Certain deemed distributions of participant loans2018-12-31$11,693
Value of total corrective distributions2018-12-31$3,679
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$19,172,974
Value of total assets at end of year2018-12-31$153,699,114
Value of total assets at beginning of year2018-12-31$152,388,081
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$147,040
Total interest from all sources2018-12-31$254,810
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$7,324,030
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$7,324,030
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$30,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$7,953,060
Participant contributions at end of year2018-12-31$1,651,389
Participant contributions at beginning of year2018-12-31$1,424,080
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$2,362,999
Other income not declared elsewhere2018-12-31$85,002
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$1,311,033
Value of net assets at end of year (total assets less liabilities)2018-12-31$153,699,114
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$152,388,081
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$144,090
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$126,101,451
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$141,021,102
Interest on participant loans2018-12-31$95,940
Value of interest in common/collective trusts at end of year2018-12-31$13,234,681
Value of interest in common/collective trusts at beginning of year2018-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$12,711,593
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$9,942,899
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$9,942,899
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$158,870
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-13,551,501
Net investment gain or loss from common/collective trusts2018-12-31$-3,160,631
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$8,856,915
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$8,651,239
Contract administrator fees2018-12-31$2,950
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31PLANTE MORAN, PLLC
Accountancy firm EIN2018-12-31381357951
2017 : VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$40,152,619
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$6,172,410
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$6,090,221
Expenses. Certain deemed distributions of participant loans2017-12-31$5,010
Value of total corrective distributions2017-12-31$9,660
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$14,932,031
Value of total assets at end of year2017-12-31$152,388,081
Value of total assets at beginning of year2017-12-31$118,407,872
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$67,519
Total interest from all sources2017-12-31$109,733
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$6,763,928
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$6,763,928
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$30,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31Yes
Amount of non-exempt transactions with any party-in-interest2017-12-31$267,113
Contributions received from participants2017-12-31$4,635,404
Participant contributions at end of year2017-12-31$1,424,080
Participant contributions at beginning of year2017-12-31$1,207,862
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$4,983,414
Other income not declared elsewhere2017-12-31$84,200
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$33,980,209
Value of net assets at end of year (total assets less liabilities)2017-12-31$152,388,081
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$118,407,872
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$66,719
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$141,021,102
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$107,111,507
Interest on participant loans2017-12-31$53,759
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$9,942,899
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$10,088,503
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$10,088,503
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$55,974
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$18,262,727
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$5,313,213
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$6,090,221
Contract administrator fees2017-12-31$800
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31PLANTE MORAN, PLLC
Accountancy firm EIN2017-12-31381357951
2016 : VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$15,881,507
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$8,906,168
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$8,840,248
Expenses. Certain deemed distributions of participant loans2016-12-31$12,775
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$7,766,693
Value of total assets at end of year2016-12-31$118,407,872
Value of total assets at beginning of year2016-12-31$111,432,533
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$53,145
Total interest from all sources2016-12-31$60,099
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$4,609,181
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$4,609,181
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$30,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$3,448,122
Participant contributions at end of year2016-12-31$1,207,862
Participant contributions at beginning of year2016-12-31$1,277,542
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$695,681
Other income not declared elsewhere2016-12-31$125,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$6,975,339
Value of net assets at end of year (total assets less liabilities)2016-12-31$118,407,872
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$111,432,533
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$52,515
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$107,111,507
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$100,706,379
Interest on participant loans2016-12-31$53,986
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$10,088,503
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$9,448,612
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$9,448,612
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$6,113
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$3,320,534
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$3,622,890
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$8,840,248
Contract administrator fees2016-12-31$630
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31PLANTE MORAN, PLLC
Accountancy firm EIN2016-12-31381357951

Form 5500 Responses for VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN

2022: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2021 form 5500 responses
2021-01-01Type of plan entityMulitple employer plan
2021-01-01Submission has been amendedYes
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2020 form 5500 responses
2020-01-01Type of plan entityMulitple employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: VOLVO CARS EMPLOYEES' SAVINGS TRUST PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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