401(k) · DOL Form 5500 · 2023

Plug Power Inc. 401(k) Plan

Data updated 2026-08-25

$138M
Total assets Near avg plan size
2,678
Participants Above avg headcount
93rd
Percentile by assets National rank
$51,384
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

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

$138M in assets, 2,678 participants

Plug Power Inc.'s Plug Power Inc. Savings and Retirement Plan reported $138M in total assets and 2,678 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • #16,750 in Manufacturing (18,722 peers)

Coverage in New York

Plug Power Inc. Savings and Retirement Plan covers 2,678 participants in New York, 3.4x the typical New York plan (state average ~798 per filing). Assets: $138M.

#16,750
in Manufacturing (18,722 peers)
+9.6%
assets growth YoY
1.4×
vs typical plan assets (national mean)

Plug Power Inc. Savings and Retirement Plan's outsized position by total assets

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

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

$137,607,576 Top 7% higher than 93% 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

Plug Power Inc. Savings and Retirement Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Plug Power Inc. Savings and Retirement Plan lands in the large band (2,678 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Plug Power Inc. Savings and Retirement Plan reported net income rose from -$46M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • Plug Power Inc. Savings and Retirement Plan reported participants rose from 1,564 in the plan year 2022 filing to 2,678 in the plan year 2023 filing.
  • Plug Power Inc. Savings and Retirement Plan end-of-year assets rose from $126M in the plan year 2022 filing to $138M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 223672377 · Plug Power Inc. PY 2023 · 401(k)

Plug Power Inc. Savings and Retirement Plan · $138M · 2,678 · 93rd

  • IND $138M
  • EOY 2,678
  • 5500 93rd
  • ASSETS 401(k)
  • PCT near Supplemental Pension & Savings Plan for Ees of Ohio Valley Electric Corp and Indiana-Kentucky Electric Corp
  • EIN ind #16750

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 New York →

Plug Power Inc. Savings and Retirement Plan in the asset neighbourhood

Irmc 403(b) Plan$138MPlug Power Inc. Savings and Retirement PlanPlug Power Inc. Savings and …$138MSupplemental Pension & Savings Plan for Ees of Ohio Valley Electric Corp and Indiana-Kentucky Electric CorpSupplemental Pension & Savin…$138MMaster Builders Solutions US LLC Retirement Savings PlanMaster Builders Solutions US…$138MPacific Coast Building Products, Inc. 401(k) Savings PlanPacific Coast Building Produ…$138M
End-of-year total assets ($M) among Plug Power Inc. Savings and Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$126M
Net Assets (End of Year)$138M
Net Income$10M
Employer EIN223672377
Plan Effective Date1997-06-25
Filing StatusFILING RECEIVED

Sponsor Plan History (Plug Power Inc.)

Sponsor-wide plan assets over time

All Plug Power Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$154M 23.052225988521258% vs 2022
2024 filing year
$120M$130M$140M$150M$160M 202220232024 $126M $154M ▲ +23.1%
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 -20020406080 Total assets ($B) Participants Plug Power Inc. Savings and Retirement Plan, Total assets ($B): 0.137607576 · Participants: 2678Plug Power Inc. Savings and Retirement PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
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 Plan side-by-side with 3 peers →

Plug Power Inc. Savings and Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Supplemental Pension & Savings Plan for Ees of Ohio Valley Electric Corp and Indiana-Kentucky Electric Corp in OH ($138M); by covered participants it is Ames Construction, Inc. Retirement Savings Plan in MN (2,678 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,678 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 Plug Power Inc. Savings and Retirement Plan assets move in 2023? ▼
Plug Power Inc. Savings and Retirement Plan grew at a solid clip - up 9.6% during 2023, from $126M to $138M. Reported net income was $10M.
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 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Supplemental Pension & Savings Plan for Ees of Ohio Valley Electric Corp and Indiana-Kentucky Electric Corp in OH ($138M, 497 participants).
Which 401(k) plans cover a similar participant headcount to Plug Power Inc. Savings and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ames Construction, Inc. Retirement Savings Plan in MN (2,678 participants, $200M 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 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.