401(k) · DOL Form 5500 · 2024

Nikola Corporation 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
427
Participants Below avg headcount
65th
Percentile by assets National rank
$36,921
Avg per participant Low balance/head
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Official DOL plan name: Nikola Corporation 401(k) Profit Sharing Plan and Trust · Sponsored by Nikola Corporation · Arizona · Manufacturing

$16M in assets, 427 participants

Nikola Corporation's Nikola Corporation 401(k) Profit Sharing Plan and Trust reported $16M in total assets and 427 participants in its 2024 DOL Form 5500 filing, ranking in the 65th 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.

  • #9,556 in Manufacturing (17,777 peers)

Nikola Corporation multi-year trail

Nikola Corporation's plans moved +186.4% in assets from 2022 to 2024; this filing shows Nikola Corporation 401(k) Profit Sharing Plan and Trust at $16M / 427 participants.

#9,556
in Manufacturing (17,777 peers)
+307.7%
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

$15,765,288 Top 35% higher than 65% 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 (427 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Nikola Corporation 401(k) Profit Sharing Plan and Trust reported participants fell from 1,520 in the plan year 2023 filing to 427 in the plan year 2024 filing.
  • Nikola Corporation 401(k) Profit Sharing Plan and Trust end-of-year assets fell from $44M in the plan year 2023 filing to $16M 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 $12M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

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

Nikola Corporation 401(k) Profit Sharing Plan and Trust · $16M · 427 · 65th

  • PCT $16M
  • PCT 427
  • PCT 65th
  • PCT 401(k)
  • PCT near Wachusett Mountain 401(k) Plan
  • PCT ind #9556

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…$16MWachusett Mountain 401(k) PlanWachusett Mountain 401(k) Pl…$16MWithers Bergman LLP Associate and Counsel Section 401(k) Profit Sharing PlanWithers Bergman LLP Associat…$16MPine Belt Automotive Retirement PlanPine Belt Automotive Retirem…$16MAmerican Litho, Inc. 401(k) PlanAmerican Litho, Inc. 401(k) …$16M
End-of-year total assets ($M) among Nikola Corporation 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Nikola Corporation multi-year asset trail

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

Nikola Corporation filing trail (2024)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$16M
Net Income$12M
Employer EIN822361876
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

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): 0.015765288 · Participants: 427Nikola 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 Wachusett Mountain 401(k) Plan in MA ($16M); by covered participants it is Summit Design & Engineering Services, PLLC Employees Savings Trust in NC (427 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (427 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 307.7% during 2024, from $4M to $16M. Reported net income was $12M.
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 Wachusett Mountain 401(k) Plan in MA ($16M, 65 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 Summit Design & Engineering Services, PLLC Employees Savings Trust in NC (427 participants, $24M 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.