ESOP
2024 plan-year ESOP DOL Form 5500

Plug Power Inc. Savings and Retirement Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Plug Power Inc. · New York · Manufacturing

What the 2023 filing shows

Plug Power Inc. Savings and Retirement Plan holds $154M for 3,181 participants — about $48,560 per participant, up 12.3% over the 2024 plan year.

$154M
total plan assets (2024 EOY)
3,181
covered participants
$48,560
avg assets per participant
+12.3%
assets growth YoY
Total Assets (2023)
$154M
Participants
3,181
State
Industry
Manufacturing

What the Filing Says About Plug Power Inc. Savings and Retirement Plan

Plug Power Inc. Savings and Retirement Plan is a ESOP retirement plan sponsored by Plug Power Inc., headquartered in New York. As of the 2024 Form 5500 filing, the plan reports $154M in total end-of-year assets and covers 3,181 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 223672377, and the plan has been effective since 1997-06-25. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $138M at the beginning of 2024 to $154M at year-end — a gain of 12.3%. Net assets (after liabilities) closed the year at $154M, with reported net income of $17M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$138M
Total Assets (End of Year)$154M
Net Assets (End of Year)$154M
Net Income$17M
Plan TypeESOP
Employer EIN223672377
Plan Effective Date1997-06-25
Filing StatusFILING RECEIVED

Sponsor Plan History (Plug Power Inc.)

Year Plans Participants Total Assets
2022 1 1,564 $126M
2023 1 2,678 $138M
2024 1 3,181 $154M

Nearby ESOP Plans in New York

Peer ESOP plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Plug Power Inc. Savings and Retirement Plan?
As of the 2024 Form 5500 filing, Plug Power Inc. Savings and Retirement Plan holds $154M in total assets with 3,181 participants. It is sponsored by Plug Power Inc..
What type of plan is Plug Power Inc. Savings and Retirement Plan?
Plug Power Inc. Savings and Retirement Plan is a ESOP plan. It has been effective since 1997-06-25. The plan is filed with the U.S. Department of Labor under EIN 223672377.
Who sponsors the Plug Power Inc. Savings and Retirement Plan?
Plug Power Inc. Savings and Retirement Plan is sponsored by Plug Power Inc., located in New York. The sponsor's EIN is 223672377 and the plan operates in the Manufacturing industry.
How did Plug Power Inc. Savings and Retirement Plan perform in 2024?
Plug Power Inc. Savings and Retirement Plan grew by 12.3% during 2024, moving from $138M to $154M in total assets. Net income was $17M.
Where can I find official filings for Plug Power Inc. Savings and Retirement Plan?
Official Form 5500 filings for Plug Power Inc. Savings and Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 223672377 or plan name at efast.dol.gov.
How does Plug Power Inc. Savings and Retirement Plan compare to other plans?
You can compare Plug Power Inc. Savings and Retirement Plan against other ESOP plans on the plan type page, or view plans in New York on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 223672377.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.