401(k) · DOL Form 5500 · 2024

Nikola Corporation 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
223
Participants Below avg headcount
38th
Percentile by assets National rank
$17,339
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Nikola Corporation 401(k) Profit Sharing Plan and Trust · Sponsored by Nikola Corporation · Arizona · Manufacturing

$4M in assets, 223 participants

Nikola Corporation's Nikola Corporation 401(k) Profit Sharing Plan and Trust reported $4M in total assets and 223 participants in its 2024 DOL Form 5500 filing, ranking in the 38th 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.

  • #3,725 in Manufacturing (17,777 peers)

Coverage in Arizona

Nikola Corporation 401(k) Profit Sharing Plan and Trust covers 223 participants in Arizona, about 40% of the average Arizona filer (state average ~564 per filing). Assets: $4M.

#3,725
in Manufacturing (17,777 peers)
+279.0%
assets growth YoY

Nikola Corporation 401(k) Profit Sharing Plan and Trust's mid-pack asset rank among Manufacturing and all filers

Nikola Corporation 401(k) Profit Sharing Plan and Trust vs every filed plan by assets

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

$3,866,533 38th percentile higher than 38% 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

Nikola Corporation 401(k) Profit Sharing Plan and Trust 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. Nikola Corporation 401(k) Profit Sharing Plan and Trust sits mid-pack in the medium band (223 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Nikola Corporation 401(k) Profit Sharing Plan and Trust end-of-year assets fell from $44M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Nikola Corporation 401(k) Profit Sharing Plan and Trust reported participants fell from 1,520 in the plan year 2023 filing to 223 in the plan year 2024 filing.
  • Nikola Corporation 401(k) Profit Sharing Plan and Trust reported net income fell from $17M in the plan year 2023 filing to $3M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 822361876 · Nikola Corporation PY 2024 · 401(k)

Nikola Corporation 401(k) Profit Sharing Plan and Trust · $4M · 223 · 38th

  • BOOK $4M
  • BOOK 223
  • BOOK 38th
  • BOOK 401(k)
  • BOOK near Tennessee Valley Pediatric Associates Inc 401(k) Plan
  • BOOK ind #3725

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 Arizona →

Nikola Corporation 401(k) Profit Sharing Plan and Trust in the asset neighbourhood

Nikola Corporation 401(k) Profit Sharing Plan and TrustNikola Corporation 401(k) Pr…$4MTennessee Valley Pediatric Associates Inc 401(k) PlanTennessee Valley Pediatric A…$4MClass (Community Living and Support Services) 401(k) and Profit Sharing PlanClass (Community Living and …$4MInsulation Supply Company Employees' Profit Sharing 401(k) PlanInsulation Supply Company Em…$4MGordon & Sykes, LLP 401(k) PlanGordon & Sykes, LLP 401(k) P…$4M
End-of-year total assets ($M) among Nikola Corporation 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Arizona filing particulars

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$4M
Net Income$3M
Employer EIN822361876
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nikola Corporation)

Sponsor-wide plan assets over time

All Nikola Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$78M 186.3985169860048% vs 2022
2024 filing year
$20M$40M$60M$80M$100M 202220232024 $27.2M $77.8M ▲ +186.4%
Year Plans Participants Total Assets
2022 1 782 $27M
2023 1 1,520 $44M
2024 3 1,466 $78M

Nearby 401(k) Plans in Arizona

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

Nikola Corporation 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Arizona, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -202468 Total assets ($B) Participants Nikola Corporation 401(k) Profit Sharing Plan and Trust, Total assets ($B): 0.003866533 · Participants: 223Nikola Corporation 401(k) Profit Sharing Plan and TrustBechtel Trust & Thrift Plan, Total assets ($B): 6.067288511 · Participants: 7971Bechtel Trust & Thrift PlanBanner Health Employees 401(k) Plan, Total assets ($B): 4.918574883 · Participants: 54731Banner Health Employees 401(k) PlanFreeport-Mcmoran Inc. Employee Capital Accumulation Program, Total assets ($B): 2.670667399 · Participants: 13770Freeport-Mcmoran Inc. Employee Capital Accumulation ProgramRepublic Services, Inc. 401(k) Plan, Total assets ($B): 2.666764279 · Participants: 32629Republic Services, Inc. 401(k) PlanStantec 401(k) Plan, Total assets ($B): 2.319061108 · Participants: 11603Stantec 401(k) Plan
Nikola Corporation 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Arizona, assets vs. participants
Compare Nikola Corporation 401(k) Profit Sharing Plan and Trust side-by-side with 3 peers →

Nikola Corporation 401(k) Profit Sharing Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Arizona, the nearest 401(k) by assets is Tennessee Valley Pediatric Associates Inc 401(k) Plan in AL ($4M); by covered participants it is Adaptimmune LLC Retirement Plan in PA (223 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (223 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 Nikola Corporation 401(k) Profit Sharing Plan and Trust assets move in 2024? ▼
Nikola Corporation 401(k) Profit Sharing Plan and Trust surged - up 279.0% during 2024, from $1M to $4M. Reported net income was $3M.
How have Nikola Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nikola Corporation's sponsor-wide assets grew 186.4%, from $27M to $78M.
Which 401(k) plans are similar in size to Nikola Corporation 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Tennessee Valley Pediatric Associates Inc 401(k) Plan in AL ($4M, 51 participants).
Which 401(k) plans cover a similar participant headcount to Nikola Corporation 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Adaptimmune LLC Retirement Plan in PA (223 participants, $28M 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 822361876.

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.