401(k) · DOL Form 5500 · 2023

Tesla, Inc. 401(k) Plan

Data updated 2026-08-25

$1.9B
Total assets Very large vs avg
74,647
Participants Very large workforce
99th
Percentile by assets National rank
$25,505
Avg per participant Low balance/head
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Official DOL plan name: Tesla, Inc. 401(k) Plan · Sponsored by Tesla, Inc. · Texas · Manufacturing

$1.9B in assets, 74,647 participants

Tesla, Inc.'s Tesla, Inc. 401(k) Plan reported $1.9B in total assets and 74,647 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #18,462 in Manufacturing (18,722 peers)

Coverage in Texas

Tesla, Inc. 401(k) Plan covers 74,647 participants in Texas, 109x the typical Texas plan (state average ~688 per filing). Assets: $1.9B.

#18,462
in Manufacturing (18,722 peers)
+51.8%
assets growth YoY
19×
vs typical plan assets (national mean)

Tesla, Inc. 401(k) Plan's outsized position by total assets

Tesla, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,903,904,907 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 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 2023

Tesla, Inc. 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Tesla, Inc. 401(k) Plan is a mega filing (74,647 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Tesla, Inc. 401(k) Plan reported net income rose from $62M in the plan year 2022 filing to $650M in the plan year 2023 filing.
  • Tesla, Inc. 401(k) Plan end-of-year assets rose from $1.3B in the plan year 2022 filing to $1.9B in the plan year 2023 filing.
  • Tesla, Inc. 401(k) Plan reported participants rose from 57,377 in the plan year 2022 filing to 74,647 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 912197729 · Tesla, Inc. PY 2023 · 401(k)

Tesla, Inc. 401(k) Plan · $1.9B · 74,647 · 99th

  • EBSA $1.9B
  • EBSA 74,647
  • EBSA 99th
  • EBSA 401(k)
  • EBSA near Kimley-Horn and Associates, Inc. Retirement Savings and Pension Plan
  • EBSA ind #18462

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Texas →

Tesla, Inc. 401(k) Plan in the asset neighbourhood

Fortive Retirement Savings PlanFortive Retirement Savings P…$1.9BKimley-Horn and Associates, Inc. Retirement Savings and Pension PlanKimley-Horn and Associates, …$1.9BTesla, Inc. 401(k) Plan$1.9BBaird Profit Sharing & Savings PlanBaird Profit Sharing & Savin…$1.9BAllianz Asset Management of America 401(k) Savings and Retirement PlanAllianz Asset Management of …$1.9B
End-of-year total assets ($B) among Tesla, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Texas filing particulars

Total Assets (Beginning of Year)$1.3B
Net Assets (End of Year)$1.9B
Net Income$650M
Employer EIN912197729
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Tesla, Inc.)

Sponsor-wide plan assets over time

All Tesla, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2.5B 96.42802864949469% vs 2022
2024 filing year
$1B$1.5B$2B$2.5B$3B 202220232024 $1.25B $2.46B ▲ +96.8%
Year Plans Participants Total Assets
2022 1 57,377 $1.3B
2023 1 74,647 $1.9B
2024 1 80,827 $2.5B

Nearby 401(k) Plans in Texas

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

Tesla, Inc. 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. 050000100000150000 -1001020304050 Total assets ($B) Participants Tesla, Inc. 401(k) Plan, Total assets ($B): 1.903904907 · Participants: 74647Tesla, Inc. 401(k) PlanAT&T Retirement Savings Plan, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell Inc. 401(k) Plan
Tesla, Inc. 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Tesla, Inc. 401(k) Plan side-by-side with 3 peers →

Scale composition for Tesla, Inc. 401(k) Plan

Tesla, Inc. 401(k) Plan reports $1.9B in end-of-year assets across 74,647 participants (0.015% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.079% of 93,925,755 covered participants) - about $25,505 per participant (18% of the national average assets-per-participant) . Net income for plan year 2023 was $650M.

This plan identity (EIN 912197729, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $2.5B (+96.4%) while covered participants moved from 57,377 to 80,827 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 57,377 $1.3B Open filing
2023 74,647 $1.9B This page
2024 · index core 80,827 $2.5B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Tesla, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Kimley-Horn and Associates, Inc. Retirement Savings and Pension Plan in NC ($1.9B); by covered participants it is Cognizant Technology Solutions 401(k) Savings Plan in NJ (74,792 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (74,647 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Tesla, Inc. 401(k) Plan assets move in 2023? ▼
Tesla, Inc. 401(k) Plan surged - up 51.8% during 2023, from $1.3B to $1.9B. Reported net income was $650M.
How have Tesla, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Tesla, Inc.'s sponsor-wide assets grew 96.4%, from $1.3B to $2.5B.
Where does Tesla, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Tesla, Inc. 401(k) Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Tesla, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Kimley-Horn and Associates, Inc. Retirement Savings and Pension Plan in NC ($1.9B, 6,577 participants).
Which 401(k) plans cover a similar participant headcount to Tesla, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Cognizant Technology Solutions 401(k) Savings Plan in NJ (74,792 participants, $2.7B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 912197729.

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.