401(k) · DOL Form 5500 · 2023

Nikola Corporation 401(k) Plan

Data updated 2026-08-25

$44M
Total assets Below avg plan size
1,520
Participants Near avg headcount
84th
Percentile by assets National rank
$29,182
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

$44M in assets, 1,520 participants

Nikola Corporation's Nikola Corporation 401(k) Profit Sharing Plan and Trust reported $44M in total assets and 1,520 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #14,486 in Manufacturing (18,722 peers)

Coverage in Arizona

Nikola Corporation 401(k) Profit Sharing Plan and Trust covers 1,520 participants in Arizona, 2.7x the typical Arizona plan (state average ~564 per filing). Assets: $44M.

#14,486
in Manufacturing (18,722 peers)
+63.4%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Nikola Corporation 401(k) Profit Sharing Plan and Trust's outsized position by total assets

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

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

$44,356,192 Top 16% higher than 84% 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

Nikola Corporation 401(k) Profit Sharing Plan and Trust'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. Nikola Corporation 401(k) Profit Sharing Plan and Trust lands in the large band (1,520 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Nikola Corporation 401(k) Profit Sharing Plan and Trust reported participants rose from 782 in the plan year 2022 filing to 1,520 in the plan year 2023 filing.
  • Nikola Corporation 401(k) Profit Sharing Plan and Trust end-of-year assets rose from $27M in the plan year 2022 filing to $44M in the plan year 2023 filing.
  • Nikola Corporation 401(k) Profit Sharing Plan and Trust reported net income rose from $11M in the plan year 2022 filing to $17M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 822361876 · Nikola Corporation PY 2023 · 401(k)

Nikola Corporation 401(k) Profit Sharing Plan and Trust · $44M · 1,520 · 84th

  • NET $44M
  • BOOK 1,520
  • VS-ST 84th
  • BOY 401(k)
  • SCH near Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan
  • EBSA ind #14486

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…$44MPreferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing PlanPreferred Mutual Insurance C…$44MHitachi Zosen Group 401(k) PlanHitachi Zosen Group 401(k) P…$44MMorrie's 401(k) Plan$44MColinx Retirement Savings PlanColinx Retirement Savings Pl…$44M
End-of-year total assets ($M) among Nikola Corporation 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Arizona filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$44M
Net Income$17M
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 -20246 Total assets ($B) Participants Nikola Corporation 401(k) Profit Sharing Plan and Trust, Total assets ($B): 0.044356192 · Participants: 1520Nikola Corporation 401(k) Profit Sharing Plan and TrustBechtel Trust & Thrift Plan, Total assets ($B): 5.691074806 · Participants: 7448Bechtel Trust & Thrift PlanBanner Health Employees 401(k) Plan, Total assets ($B): 4.270882725 · Participants: 52452Banner Health Employees 401(k) PlanRepublic Services, Inc. 401(k) Plan, Total assets ($B): 2.379834679 · Participants: 28131Republic Services, Inc. 401(k) PlanFreeport-Mcmoran Inc. Employee Capital Accumulation Program, Total assets ($B): 2.323111586 · Participants: 13105Freeport-Mcmoran Inc. Employee Capital Accumulation ProgramStantec 401(k) Plan, Total assets ($B): 2.021683156 · Participants: 10719Stantec 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 Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan in NY ($44M); by covered participants it is Park West 401(k) Employee Retirement Plan in CA (1,520 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,520 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 Nikola Corporation 401(k) Profit Sharing Plan and Trust assets move in 2023? ▼
Nikola Corporation 401(k) Profit Sharing Plan and Trust surged - up 63.4% during 2023, from $27M to $44M. Reported net income was $17M.
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.
Where does Nikola Corporation 401(k) Profit Sharing Plan and Trust rank by assets among Form 5500 filers? ▼
Nikola Corporation 401(k) Profit Sharing Plan and Trust ranks in the 84th 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 Nikola Corporation 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan in NY ($44M, 294 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 Park West 401(k) Employee Retirement Plan in CA (1,520 participants, $11M 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 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.