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FORM 5500 DATA

A123 Systems, LLC 401k Plan

Overview

Plan Information

  • Plan Year05/01/2013 — 12/31/2013
  • Date of Plan05/01/2013
  • Net Assets as of 12/31/2013 $9,895,115
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Report DescriptionThis is the first report filed for the plan. This is an amended report. This report is for a short plan year (less than 12 months).
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2013

  • Active (Eligible) Participants662
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits14
  • Subtotal676
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total676
  • Total number of participants as of 05/01/2013430
  • Number of participants with account balances565
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address39000 Seven Mile
  • CityLivonia
  • StateMI
  • Zip48239
  • Telephone(617) 972-3403
  • EIN35-2464405
  • Industry Code335900
  • Named AdministratorWanda Foley

Audit Information

  • Audit StatusAudited
  • AuditorCaron & Bletzer
  • Auditor EIN04-3499945
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G 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.
2J 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.
2K 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 contributions 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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D 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.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? Yes
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? Yes

Financials

Income and Expense Statement

Income $11,090,638
Contributions $10,102,662
Cash Contributions $10,102,662
Cash from Employers $0
Cash from Participants $1,568,035
Others (including rollovers) $8,534,627
Noncash Contributions $0
Total Earnings on Investments $0
Total Interest $0
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $987,976
Expenses $1,195,523
Total Benefit Payments $1,186,852
Directly to participants or beneficiaries, including direct rollovers $0
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $1,186,852
Corrective Distributions $0
Certain deemed distributions of participant loans $2,436
Interest expense $0
Total Administrative Expenses $6,235
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $6,235
Net Income $9,895,115
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2013 04/30/2013 Change YOY
Total Assets $9,895,115 $0 0.0%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $82,806 $0 0.0%
Value of interest in common/collective trusts $100,948 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $9,711,361 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $9,895,115 $0 0.0%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees Recordkeeper $6,145 $0 $6,145
Sage View Advisory Group Finders' fees/placement fees Advisor $0 $0 $0
Total $6,145 $0 $6,145

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Ac Sd Infl Pr Bd Inv - American Ce Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Am Cent Mdcpval Inv - American Cen Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Drey Basic S&P 500 - Dreyfus Trans Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Dreyfus Intl Stk Idx - Dreyfus Tra Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Jpm Core Bond Select - Boston Fina Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Opp Developing Mkt Y - Ofi Global Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Pioneer Dscpld Val Y - Pioneer Inv Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Pioneer Y - Pioneer Investment Mgt Sub-transfer agency fees 0.35% $0
Sage View Advisory Group Opp Developing Mkt Y - Oppenheimer Finders' fees/placement fees $5M+=0.25% $0
Sage View Advisory Group Pioneer Dscpld Val Y - Pioneer Fun Finders' fees/placement fees $0-<$50M=0.50%, $50M+=0.25% $0
Sage View Advisory Group Pioneer Y - Pioneer Funds Distribu Finders' fees/placement fees $0-<$50M=0.50%, $50M+=0.25% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Fa Stable Value Fidelity Management Trust Company DFE: Common/Collective Trust $100,948
Total $100,948

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.