401(k) · DOL Form 5500 · 2023

Lucid USA, Inc. 401(k) Plan

Data updated 2026-08-11

$140M
Total assets
6,883
Participants
93rd
Percentile by assets
$20,305
Avg per participant
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Official DOL plan name: Lucid Motors 401(k) Plan · Sponsored by Lucid USA, Inc. · California · Professional & Technical Services

$140M in assets, 6,883 participants

Lucid USA, Inc.'s Lucid Motors 401(k) Plan reported $140M in total assets and 6,883 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.

  • 93rd percentile by assets (of 127,072 plans)
  • #19,186 in Professional & Technical Services (20,321 peers)

Coverage in California

Lucid Motors 401(k) Plan covers 6,883 participants in California, 11x the typical California plan (state average ~630 per filing). Assets: $140M.

$140M
total plan assets (2023 EOY)
6,883
covered participants
93rd
percentile by assets (of 127,072 plans)
$20,305
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Lucid Motors 401(k) Plan reported net income rose from $24M in the plan year 2022 filing to $58M in the plan year 2023 filing.
  • Lucid Motors 401(k) Plan reported participants rose from 3,698 in the plan year 2022 filing to 6,883 in the plan year 2023 filing.
  • Lucid Motors 401(k) Plan end-of-year assets rose from $82M in the plan year 2022 filing to $140M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
California
Industry
Professional & Technical Services

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. Lucid Motors 401(k) Plan reports 6,883 participants - 11x that state average ($140M EOY assets).

California filing particulars

Total Assets (Beginning of Year)$82M
Net Assets (End of Year)$140M
Net Income$58M
Employer EIN261618465
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lucid USA, Inc.)

$50M$100M$150M$200M$250M 202220232024 $82.1M $219M ▲ +167.2%
Total plan assets by year, all Lucid USA, Inc. plans on file
Year Plans Participants Total Assets
2022 1 3,698 $82M
2023 1 6,883 $140M
2024 1 5,950 $219M

Nearby 401(k) Plans in California

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

Lucid Motors 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants

Lucid Motors 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 Lucid Motors 401(k) …Wells Fargo & Compan…Google LLC 401(k) Sa…Oracle Corporation 4…Intel 401(k) Savings…Apple 401(k) Plan
Lucid Motors 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Lucid Motors 401(k) Plan side-by-side with 3 peers →

Scale composition for Lucid Motors 401(k) Plan

Lucid Motors 401(k) Plan reports $140M in end-of-year assets across 6,883 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $20,305 per participant (15% of the national average assets-per-participant) . Net income for plan year 2023 was $58M.

This plan identity (EIN 261618465, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $82M to $219M (+167.2%) while covered participants moved from 3,698 to 5,950 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 3,698 $82M Open filing
2023 6,883 $140M This page
2024 · index core 5,950 $219M Open filing

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

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Lucid Motors 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Lucid Motors 401(k) Plan assets move in 2023? ▼
Lucid Motors 401(k) Plan surged - up 70.3% during 2023, from $82M to $140M. Reported net income was $58M.
How have Lucid USA, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lucid USA, Inc.'s sponsor-wide assets grew 167.2%, from $82M to $219M.
Where does Lucid Motors 401(k) Plan rank by assets among Form 5500 filers? ▼
Lucid Motors 401(k) 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 Lucid Motors 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Edp Renewables North America LLC 401(k) Retirement Savings Plan in TX ($140M, 1,012 participants).

Next read for Lucid Motors 401(k) Plan

Filing takeaways

Ways to act on Lucid Motors 401(k) Plan's numbers.

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 261618465.

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.