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FLASHPARKING 401(K) PLAN 401k Plan overview

Plan NameFLASHPARKING 401(K) PLAN
Plan identification number 001

FLASHPARKING 401(K) PLAN Benefits

401k Plan TypeDefined 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.
  • 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

ARRIVE MOBILITY INC. has sponsored the creation of one or more 401k plans.

Company Name:ARRIVE MOBILITY INC.
Employer identification number (EIN):800871550
NAIC Classification:488990

Additional information about ARRIVE MOBILITY INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2018-03-09
Company Identification Number: 0802959054
Legal Registered Office Address: 3801 S CAPITAL OF TEXAS HWY STE 250

AUSTIN
United States of America (USA)
78704

More information about ARRIVE MOBILITY INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FLASHPARKING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01
0012019-01-01CAROL HO2020-07-02
0012018-01-01CAROL HO2019-07-24
0012018-01-01CAROL HO2020-05-18
0012017-02-12CAROL HO2018-07-27

Plan Statistics for FLASHPARKING 401(K) PLAN

401k plan membership statisitcs for FLASHPARKING 401(K) PLAN

Measure Date Value
2021: FLASHPARKING 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01348
Total number of active participants reported on line 7a of the Form 55002021-01-01411
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0168
Total of all active and inactive participants2021-01-01479
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01479
Number of participants with account balances2021-01-01367
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: FLASHPARKING 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01164
Total number of active participants reported on line 7a of the Form 55002020-01-01128
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0152
Total of all active and inactive participants2020-01-01180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01180
Number of participants with account balances2020-01-01124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on FLASHPARKING 401(K) PLAN

Measure Date Value
2021 : FLASHPARKING 401(K) PLAN 2021 401k financial data
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$1,987,410
Total of all expenses incurred2021-12-31$278,638
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$274,809
Expenses. Certain deemed distributions of participant loans2021-12-31$0
Value of total corrective distributions2021-12-31$334
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,651,085
Value of total assets at end of year2021-12-31$3,430,384
Value of total assets at beginning of year2021-12-31$1,721,612
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$3,495
Total interest from all sources2021-12-31$577
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$51,164
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$51,164
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
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
Amount of non-exempt transactions with any party-in-interest2021-12-31$0
Contributions received from participants2021-12-31$1,050,794
Participant contributions at end of year2021-12-31$38,499
Participant contributions at beginning of year2021-12-31$6,216
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$600,291
Other income not declared elsewhere2021-12-31$-983
Administrative expenses (other) incurred2021-12-31$700
Total non interest bearing cash at end of year2021-12-31$39,894
Total non interest bearing cash at beginning of year2021-12-31$39,958
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$1,708,772
Value of net assets at end of year (total assets less liabilities)2021-12-31$3,430,384
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$1,721,612
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$2,795
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$3,351,990
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$1,675,428
Interest on participant loans2021-12-31$577
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$1
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$10
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$10
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$285,567
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$274,809
Contract administrator fees2021-12-31$0
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 name2021-12-31ALEXANDER LIEVENS LLP
Accountancy firm EIN2021-12-31742943125
2020 : FLASHPARKING 401(K) PLAN 2020 401k financial data
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$653,843
Total of all expenses incurred2020-12-31$351,766
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$348,978
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$413,130
Value of total assets at end of year2020-12-31$1,721,612
Value of total assets at beginning of year2020-12-31$1,419,535
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$2,788
Total interest from all sources2020-12-31$414
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$28,697
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$28,697
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$190,000,000
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
Amount of non-exempt transactions with any party-in-interest2020-12-31$0
Contributions received from participants2020-12-31$376,516
Participant contributions at end of year2020-12-31$6,216
Participant contributions at beginning of year2020-12-31$6,385
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$36,614
Other income not declared elsewhere2020-12-31$15,393
Administrative expenses (other) incurred2020-12-31$1,675
Total non interest bearing cash at end of year2020-12-31$39,958
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$302,077
Value of net assets at end of year (total assets less liabilities)2020-12-31$1,721,612
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$1,419,535
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$1,008
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$1,675,428
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$1,413,150
Interest on participant loans2020-12-31$414
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$10
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$196,209
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$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$348,978
Contract administrator fees2020-12-31$105
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 plan2020-12-31Disclaimer
Accountancy firm name2020-12-31ALEXANDER LIEVENS LLP
Accountancy firm EIN2020-12-31742943125

Form 5500 Responses for FLASHPARKING 401(K) PLAN

2021: FLASHPARKING 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle 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 funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FLASHPARKING 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle 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 funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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