401(k) · DOL Form 5500 · 2023

Enphase Energy, Inc. 401(k) Plan

Data updated 2026-08-25

$63M
Total assets Below avg plan size
1,012
Participants Near avg headcount
88th
Percentile by assets National rank
$62,697
Avg per participant Low balance/head
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Official DOL plan name: Enphase Energy, Inc. 401(k) Plan · Sponsored by Enphase Energy, Inc. · California · Manufacturing

$63M in assets, 1,012 participants

Enphase Energy, Inc.'s Enphase Energy, Inc. 401(k) Plan reported $63M in total assets and 1,012 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #15,354 in Manufacturing (18,722 peers)

Where Enphase Energy, Inc. 401(k) Plan sits by assets

Enphase Energy, Inc. 401(k) Plan sits in the top quartile of all filed plans by assets, $63M for 1,012 participants (~$62,697/participant), up 48.5% in 2023.

#15,354
in Manufacturing (18,722 peers)
+48.5%
assets growth YoY
0.6×
vs typical plan assets (national mean)

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

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

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

$63,449,114 Top 12% higher than 88% 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

Enphase Energy, Inc. 401(k) 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. Enphase Energy, Inc. 401(k) Plan lands in the large band (1,012 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Enphase Energy, Inc. 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $21M in the plan year 2023 filing.
  • Enphase Energy, Inc. 401(k) Plan reported participants rose from 596 in the plan year 2022 filing to 1,012 in the plan year 2023 filing.
  • Enphase Energy, Inc. 401(k) Plan end-of-year assets rose from $43M in the plan year 2022 filing to $63M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 204645388 · Enphase Energy, Inc. PY 2023 · 401(k)

Enphase Energy, Inc. 401(k) Plan · $63M · 1,012 · 88th

  • PCT $63M
  • EIN 1,012
  • RANK 88th
  • PHOTO 401(k)
  • IND near Nordea Bank Abp, New York Branch Salary Savings and Profit Sharing Plan
  • EOY ind #15354

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 California →

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

Aledade 401(k) Savings and Investment PlanAledade 401(k) Savings and I…$63MEnphase Energy, Inc. 401(k) PlanEnphase Energy, Inc. 401(k) …$63MNordea Bank Abp, New York Branch Salary Savings and Profit Sharing PlanNordea Bank Abp, New York Br…$63MWindsor Electric Co Inc 401(k) Retirement PlanWindsor Electric Co Inc 401(…$63MHill & Smith Group Holdings, Inc. 401(k) PlanHill & Smith Group Holdings,…$63M
End-of-year total assets ($M) among Enphase Energy, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$43M
Net Assets (End of Year)$63M
Net Income$21M
Employer EIN204645388
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Enphase Energy, Inc.)

Sponsor-wide plan assets over time

All Enphase Energy, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$77M 79.38941095130141% vs 2022
2024 filing year
$20M$40M$60M$80M$100M 202220232024 $42.7M $76.7M ▲ +79.4%
Year Plans Participants Total Assets
2022 1 596 $43M
2023 1 1,012 $63M
2024 1 1,005 $77M

Nearby 401(k) Plans in California

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

Enphase Energy, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Enphase Energy, Inc. 401(k) Plan, Total assets ($B): 0.063449114 · Participants: 1012Enphase Energy, Inc. 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Enphase Energy, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Enphase Energy, Inc. 401(k) Plan side-by-side with 3 peers →

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

Outside California, the nearest 401(k) by assets is Nordea Bank Abp, New York Branch Salary Savings and Profit Sharing Plan in NY ($63M); by covered participants it is Triple B Corporation 401(k) Savings Plan in WA (1,012 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,012 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 Enphase Energy, Inc. 401(k) Plan assets move in 2023? ▼
Enphase Energy, Inc. 401(k) Plan surged - up 48.5% during 2023, from $43M to $63M. Reported net income was $21M.
How have Enphase Energy, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Enphase Energy, Inc.'s sponsor-wide assets grew 79.4%, from $43M to $77M.
Where does Enphase Energy, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Enphase Energy, Inc. 401(k) Plan ranks in the 88th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Enphase Energy, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Nordea Bank Abp, New York Branch Salary Savings and Profit Sharing Plan in NY ($63M, 101 participants).
Which 401(k) plans cover a similar participant headcount to Enphase Energy, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Triple B Corporation 401(k) Savings Plan in WA (1,012 participants, $27M 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 204645388.

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.