401(k) · DOL Form 5500 · 2024

Nikola Corporation 401(k) Plan

Data updated 2026-08-25

$58M
Total assets Below avg plan size
816
Participants Near avg headcount
86th
Percentile by assets National rank
$71,221
Avg per participant Below avg 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

$58M in assets, 816 participants

Nikola Corporation's Nikola Corporation 401(k) Profit Sharing Plan and Trust reported $58M in total assets and 816 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #14,168 in Manufacturing (17,777 peers)

Where Nikola Corporation 401(k) Profit Sharing Plan and Trust sits by assets

Nikola Corporation 401(k) Profit Sharing Plan and Trust sits in the top quartile of all filed plans by assets, $58M for 816 participants (~$71,221/participant), up 31.0% in 2024.

#14,168
in Manufacturing (17,777 peers)
+31.0%
assets growth YoY
0.6×
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 2024 · DOL Form 5500

$58,116,435 Top 14% higher than 86% 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 (816 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 816 in the plan year 2024 filing.
  • Nikola Corporation 401(k) Profit Sharing Plan and Trust end-of-year assets rose from $44M in the plan year 2023 filing to $58M 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 $14M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

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

Nikola Corporation 401(k) Profit Sharing Plan and Trust · $58M · 816 · 86th

  • BOY $58M
  • BOY 816
  • BOY 86th
  • BOY 401(k)
  • BOY near Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust
  • BOY ind #14168

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…$58MSoave Enterprises L.L.C. Savings and Profit Sharing Plan and TrustSoave Enterprises L.L.C. Sav…$58MFederal Agricultural Mortgage Corporation 401(k) PlanFederal Agricultural Mortgag…$58MHgl-Lbm Holdings, LLC Profit Sharing PlanHgl-Lbm Holdings, LLC Profit…$58MMiles Sand & Gravel Company Retirement PlanMiles Sand & Gravel Company …$58M
End-of-year total assets ($M) among Nikola Corporation 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$44M
Net Assets (End of Year)$58M
Net Income$14M
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): 0.058116435 · Participants: 816Nikola 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 Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust in MI ($58M); by covered participants it is Oral Surgery Partners Mso, LLC 401(k) Profit Sharing Plan and Trust in MO (816 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (816 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 31.0% during 2024, from $44M to $58M. Reported net income was $14M.
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 86th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust in MI ($58M, 605 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 Oral Surgery Partners Mso, LLC 401(k) Profit Sharing Plan and Trust in MO (816 participants, $50M 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.