401(k) · DOL Form 5500 · 2022

Plug Power Inc. 401(k) Plan

Data updated 2026-08-11

$126M
Total assets
1,564
Participants
94th
Percentile by assets
$80,263
Avg per participant
PlainRetire home → About this data

Official DOL plan name: Plug Power Inc. Savings and Retirement Plan · Sponsored by Plug Power Inc. · New York · Manufacturing

$126M in assets, 1,564 participants

Plug Power Inc.'s Plug Power Inc. Savings and Retirement Plan reported $126M in total assets and 1,564 participants in its 2022 DOL Form 5500 filing, ranking in the 94th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 94th percentile by assets (of 139,126 plans)
  • #18,659 in Manufacturing (20,602 peers)

Where Plug Power Inc. Savings and Retirement Plan sits by assets

Plug Power Inc. Savings and Retirement Plan sits in the top 10% of all filed plans by assets, $126M for 1,564 participants (~$80,263/participant), down 26.4% in 2022.

$126M
total plan assets (2022 EOY)
1,564
covered participants
94th
percentile by assets (of 139,126 plans)
$80,263
avg assets per participant

The plan reported a net loss of $46M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Plug Power Inc. Savings and Retirement Plan sits by total assets

Plug Power Inc. Savings and Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$125,530,836 Top 6% higher than 94% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
New York
Industry
Manufacturing

Plug Power Inc. Savings and Retirement Plan vs the 2022 asset distribution

By assets, Plug Power Inc. Savings and Retirement Plan outranks 94% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.3x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$170M
Net Assets (End of Year)$126M
Net Income-$46M
Employer EIN223672377
Plan Effective Date1997-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Plug Power Inc.)

$120M$130M$140M$150M$160M 202220232024 $126M $154M ▲ +23.1%
Total plan assets by year, all Plug Power Inc. plans on file
Year Plans Participants Total Assets
2022 1 1,564 $126M
2023 1 2,678 $138M
2024 1 3,181 $154M

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Plug Power Inc. Savings and Retirement Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Plug Power Inc. Savi…, Total assets ($B): 0.125530836 · Participants: 1564Plug Power Inc. Savi…IBM 401 (K) Plus Plan, Total assets ($B): 53.363875208 · Participants: 56376IBM 401 (K) Plus PlanMorgan Stanley 401(k…, Total assets ($B): 16.415517176 · Participants: 42924Morgan Stanley 401(k…The Pepsico Savings …, Total assets ($B): 12.067222 · Participants: 129846The Pepsico Savings …Deloitte 401(k) Plan, Total assets ($B): 10.966899716 · Participants: 74687Deloitte 401(k) PlanThe Goldman Sachs 40…, Total assets ($B): 9.681988279 · Participants: 22650The Goldman Sachs 40…
Plug Power Inc. Savings and Retirement Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Plug Power Inc. Savings and Retirement P… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Plug Power Inc. Savings and Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Plug Power Inc. Savings and Retirement Plan assets move in 2022? ▼
Plug Power Inc. Savings and Retirement Plan declined sharply - down 26.4% during 2022, from $170M to $126M. Reported net income was -$46M.
How have Plug Power Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Plug Power Inc.'s sponsor-wide assets grew 23.1%, from $126M to $154M.
Where does Plug Power Inc. Savings and Retirement Plan rank by assets among Form 5500 filers? ▼
Plug Power Inc. Savings and Retirement Plan ranks in the 94th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Plug Power Inc. Savings and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Avl North America, Inc. 401(k) Plan in MI ($126M, 561 participants).

Next read for Plug Power Inc. Savings and Retirement P…

Scale reading

Ways to act on Plug Power Inc. Savings and Retirement Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 223672377.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.