401(k) · DOL Form 5500 · 2024

Faraday Future Intelligent Electric, Inc. 401(k) Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
359
Participants Below avg headcount
73rd
Percentile by assets National rank
$65,389
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Faraday and Future Retirement Plan · Sponsored by Faraday Future Intelligent Electric, Inc. · California · Manufacturing

$23M in assets, 359 participants

Faraday Future Intelligent Electric, Inc.'s Faraday and Future Retirement Plan reported $23M in total assets and 359 participants in its 2024 DOL Form 5500 filing, ranking in the 73rd 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.

  • #11,264 in Manufacturing (17,777 peers)

What the 2024 filing shows

Faraday and Future Retirement Plan holds $23M for 359 participants - about $65,389 per participant, above the median plan by assets.

#11,264
in Manufacturing (17,777 peers)
-5.8%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Faraday and Future Retirement Plan's outsized position by total assets

Faraday and Future Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$23,474,498 Top 27% higher than 73% of 123,620 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 2024

Faraday and Future Retirement Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Faraday and Future Retirement Plan sits mid-pack in the medium band (359 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Faraday and Future Retirement Plan reported net income fell from $4M in the plan year 2023 filing to -$1M in the plan year 2024 filing.
  • Faraday and Future Retirement Plan reported participants fell from 469 in the plan year 2023 filing to 359 in the plan year 2024 filing.
  • Faraday and Future Retirement Plan end-of-year assets fell from $25M in the plan year 2023 filing to $23M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 844720320 · Faraday Future Intelligent Electric, Inc. PY 2024 · 401(k)

Faraday and Future Retirement Plan · $23M · 359 · 73rd

  • SCH $23M
  • SCH 359
  • SCH 73rd
  • SCH 401(k)
  • SCH near Newport Industries, Inc. 401(k) Plan
  • SCH ind #11264

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 →

Faraday and Future Retirement Plan in the asset neighbourhood

Faraday and Future Retirement PlanFaraday and Future Retiremen…$23MNewport Industries, Inc. 401(k) PlanNewport Industries, Inc. 401…$23MAutotec 401(k) Plan$23MSchmueser Gordon Meyer, Inc. 401(k) PlanSchmueser Gordon Meyer, Inc.…$23MFarris Engineering, Inc. 401(k) Plan and ESOPFarris Engineering, Inc. 401…$23M
End-of-year total assets ($M) among Faraday and Future Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$23M
Net Income-$1M
Employer EIN844720320
Plan Effective Date2014-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Faraday Future Intelligent Electric, Inc.)

Sponsor-wide plan assets over time

All Faraday Future Intelligent Electric, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$23M 5.774434706769389% vs 2023
2024 filing year
$23M$23.5M$24M$24.5M$25M$25.5M 20232024 $24.9M $23.5M ▼ -5.8%
Year Plans Participants Total Assets
2023 1 469 $25M
2024 1 359 $23M

Nearby 401(k) Plans in California

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

Faraday and Future Retirement Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Faraday and Future Retirement Plan, Total assets ($B): 0.023474498 · Participants: 359Faraday and Future Retirement PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
Faraday and Future Retirement Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Faraday and Future Retirement Plan side-by-side with 3 peers →

Faraday and Future Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Newport Industries, Inc. 401(k) Plan in IL ($23M); by covered participants it is Intermountain Food Stores, Inc. 401(k) P/S Plan in ID (359 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($23M here).

Similar participant headcount

Nearest other-state filings by covered participants (359 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Faraday and Future Retirement Plan assets move in 2024? ▼
Faraday and Future Retirement Plan pulled back noticeably - down 5.8% during 2024, from $25M to $23M. Reported net income was -$1M.
How have Faraday Future Intelligent Electric, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Faraday Future Intelligent Electric, Inc.'s sponsor-wide assets declined 5.8%, from $25M to $23M.
Which 401(k) plans are similar in size to Faraday and Future Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Newport Industries, Inc. 401(k) Plan in IL ($23M, 152 participants).
Which 401(k) plans cover a similar participant headcount to Faraday and Future Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Intermountain Food Stores, Inc. 401(k) P/S Plan in ID (359 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 844720320.

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.