401k Plan data: SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502 plan

SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502 401k Plan overview

Plan Name	SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502
Plan identification number	502

SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502 Benefits

401k Plan Type	Welfare Benefit
Plan Features/Benefits	Life insurance Temporary disability (accident and sickness) Long-term disability cover

401k Sponsoring company profile

SK BATTERY AMERICA, INC. has sponsored the creation of one or more 401k plans.

Company Name: SK BATTERY AMERICA, INC.

Employer identification number (EIN): 832897764

NAIC Classification: 336300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
502 2023-01-01
502 2021-01-01

Plan Statistics for SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502

401k plan membership statisitcs for SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502

Measure Date Value
2023: SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502 2023 401k membership
Total participants, beginning-of-year 2023-01-01 999
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 2,939
Total of all active and inactive participants 2023-01-01 2,939
Total participants 2023-01-01 2,939
2021: SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502 2021 401k membership
Total participants, beginning-of-year 2021-01-01 140
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 1,061
Total of all active and inactive participants 2021-01-01 1,061
Total participants 2021-01-01 1,061

Measure	Date	Value
2023: SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502 2023 401k membership
Total participants, beginning-of-year	2023-01-01	999
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	2,939
Total of all active and inactive participants	2023-01-01	2,939
Total participants	2023-01-01	2,939
2021: SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502 2021 401k membership
Total participants, beginning-of-year	2021-01-01	140
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	1,061
Total of all active and inactive participants	2021-01-01	1,061
Total participants	2021-01-01	1,061

Form 5500 Responses for SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502

2023: SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan benefit arrangement – Insurance	Yes
2021: SK BATTERY AMERICA INC. EMPLOYEE WELFARE BENEFIT PLAN 502 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	First time form 5500 has been submitted	Yes
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )

Policy contract number

000010261421

Policy instance

Insurance contract or identification number	000010261421
Number of Individuals Covered	2939
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $85,159
Total amount of fees paid to insurance company	USD $4,085
Life Insurance Welfare Benefit	Yes
Other welfare benefits provided	AD&D
Welfare Benefit Premiums Paid to Carrier	USD $567,729
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )

Policy contract number

000010261420

Policy instance

Insurance contract or identification number	000010261420
Number of Individuals Covered	2939
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $46,151
Total amount of fees paid to insurance company	USD $4,685
Long Term Disability Insurance Welfare Benefit	Yes
Welfare Benefit Premiums Paid to Carrier	USD $307,674
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )

Policy contract number

000010261422

Policy instance

Insurance contract or identification number	000010261422
Number of Individuals Covered	2939
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $129,913
Total amount of fees paid to insurance company	USD $11,893
Temporary Disability Insurance Welfare Benefit	Yes
Welfare Benefit Premiums Paid to Carrier	USD $866,088
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )

Policy contract number

000010261421

Policy instance

Insurance contract or identification number	000010261421
Number of Individuals Covered	1061
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $12,485
Total amount of fees paid to insurance company	USD $850
Life Insurance Welfare Benefit	Yes
Welfare Benefit Premiums Paid to Carrier	USD $83,231
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $12,485
Amount paid for insurance broker fees	850
Additional information about fees paid to insurance broker	BROKER BONUS
Insurance broker organization code?	3

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )

Policy contract number

000010261420

Policy instance

Insurance contract or identification number	000010261420
Number of Individuals Covered	1061
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $5,202
Total amount of fees paid to insurance company	USD $354
Long Term Disability Insurance Welfare Benefit	Yes
Welfare Benefit Premiums Paid to Carrier	USD $34,680
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $5,202
Amount paid for insurance broker fees	354
Additional information about fees paid to insurance broker	BROKER BONUS
Insurance broker organization code?	3

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )

Policy contract number

000010261422

Policy instance

Insurance contract or identification number	000010261422
Number of Individuals Covered	1061
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $13,205
Total amount of fees paid to insurance company	USD $899
Temporary Disability Insurance Welfare Benefit	Yes
Welfare Benefit Premiums Paid to Carrier	USD $88,033
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $13,205
Amount paid for insurance broker fees	899
Additional information about fees paid to insurance broker	BROKER BONUS
Insurance broker organization code?	3

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Company Name:	SK BATTERY AMERICA, INC.
Employer identification number (EIN):	832897764
NAIC Classification:	336300