Ultium Cells 401(k) match, vesting and fees
What Ultium Cells' 401(k) plan says about matching contributions
All participants of the Plan receive a non-discretionary matching contribution equal to 100% of the first 6% of the eligible employee’s compensation contributed to the Plan. Non-discretionary matching contributions totaled $4,471,059 during the period from April 1, 2024 through December 31, 2024, of which, $271,800 remains receivable from the Company as of December 31, 2024.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 29 ↗ |
| Roth contributions | Participants may elect to defer pre-tax, Roth, or a combination thereof, as permitted by the Plan. | Audit report, p. 28 ↗ |
| Loans | Participants may borrow up to 50% of their vested account balance, not to exceed $50,000. | Audit report, p. 30 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Sc&H Attest Services, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Ultium Cells: employer contribution per participant | $3,683 | |
| Peer median | $2,413 |
| Ultium Cells: average balance | $18,350 | |
| Peer median | $86,456 |
| Ultium Cells: admin expenses ÷ assets | 0.80% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets were $24.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,163 | $24.4M | $4.9M | $3,683 | 0.80% | Quoted in the audit report, p. 29 ↗ | Form 5500 ↗ |
Common questions
Does Ultium Cells match 401(k) contributions?
The audit report attached to the Ultium Cells, LLC 401(k) Plan's plan year 2024 Form 5500, page 29 says: “All participants of the Plan receive a non-discretionary matching contribution equal to 100% of the first 6% of the eligible employee’s compensation contributed to the Plan. Non-discretionary matching contributions totaled $4,471,059 during the period from April 1, 2024 through December 31, 2024, of which, $271,800 remains receivable from the Company as of December 31, 2024.” Plan terms may have changed; check your current Summary Plan Description.
When is the Ultium Cells 401(k) match vested?
The vesting schedule for the Ultium Cells, LLC 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Ultium Cells 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Ultium Cells, LLC.
I left Ultium Cells. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ultium Cells, LLC, (330) 559-5400) or the recordkeeper, Fidelity Investments Institutional. The Ultium Cells old 401(k) page lists the contacts from every plan filing. Find an old Ultium Cells 401(k)
Data from the public Form 5500 annual reports Ultium Cells filed with the U.S. Department of Labor (plan years 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Ultium Cells. Not financial advice. Report a correction · Methodology