401(k) · DOL Form 5500 · 2024

Workhorse Technologies, Inc. 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
286
Participants Below avg headcount
54th
Percentile by assets National rank
$32,360
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Workhorse Technologies, Inc. 401(k) Plan · Sponsored by Workhorse Technologies, Inc. · Ohio · Manufacturing

$9M in assets, 286 participants

Workhorse Technologies, Inc.'s Workhorse Technologies, Inc. 401(k) Plan reported $9M in total assets and 286 participants in its 2024 DOL Form 5500 filing, ranking in the 54th 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.

  • #7,003 in Manufacturing (17,777 peers)

Coverage in Ohio

Workhorse Technologies, Inc. 401(k) Plan covers 286 participants in Ohio, about 37% of the average Ohio filer (state average ~765 per filing). Assets: $9M.

#7,003
in Manufacturing (17,777 peers)
+1.0%
assets growth YoY

Workhorse Technologies, Inc. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Workhorse Technologies, Inc. 401(k) Plan vs every filed plan by assets

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

$9,254,960 Top 46% higher than 54% 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

Workhorse Technologies, Inc. 401(k) Plan 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. Workhorse Technologies, Inc. 401(k) Plan sits mid-pack in the medium band (286 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Workhorse Technologies, Inc. 401(k) Plan reported net income fell from $4M in the plan year 2023 filing to $91K in the plan year 2024 filing.
  • Workhorse Technologies, Inc. 401(k) Plan reported participants fell from 307 in the plan year 2023 filing to 286 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 208529895 · Workhorse Technologies, Inc. PY 2024 · 401(k)

Workhorse Technologies, Inc. 401(k) Plan · $9M · 286 · 54th

  • TYPE $9M
  • NET 286
  • BOOK 54th
  • VS-ST 401(k)
  • BOY near Renaissance Group 401(k) Plan
  • SCH ind #7003

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 Ohio →

Workhorse Technologies, Inc. 401(k) Plan in the asset neighbourhood

Renaissance Group 401(k) Plan$9MScott Edwards Architecture 401(k) PlanScott Edwards Architecture 4…$9MBrilliance Motor Sales, Inc. 401(k) Retirement Savings PlanBrilliance Motor Sales, Inc.…$9MWorkhorse Technologies, Inc. 401(k) PlanWorkhorse Technologies, Inc.…$9MK-N Companies 401(k) Plan$9M
End-of-year total assets ($M) among Workhorse Technologies, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$9M
Net Income$91K
Employer EIN208529895
Plan Effective Date2018-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Workhorse Technologies, Inc.)

Sponsor-wide plan assets over time

All Workhorse Technologies, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 76.86074358654882% vs 2022
2024 filing year
$4M$6M$8M$10M 202220232024 $5.23M $9.25M ▲ +76.9%
Year Plans Participants Total Assets
2022 1 218 $5M
2023 1 307 $9M
2024 1 286 $9M

Nearby 401(k) Plans in Ohio

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

Workhorse Technologies, Inc. 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Workhorse Technologies, Inc. 401(k) Plan, Total assets ($B): 0.00925496 · Participants: 286Workhorse Technologies, Inc. 401(k) PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
Workhorse Technologies, Inc. 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Workhorse Technologies, Inc. 401(k) Plan side-by-side with 3 peers →

Workhorse Technologies, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Renaissance Group 401(k) Plan in IL ($9M); by covered participants it is Roofing Wholesale Co., Inc. 401(k) Plan in AZ (286 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($9M here).

Similar participant headcount

Nearest other-state filings by covered participants (286 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 Workhorse Technologies, Inc. 401(k) Plan assets move in 2024? ▼
Workhorse Technologies, Inc. 401(k) Plan held essentially flat - up 1.0% during 2024, from $9M to $9M. Reported net income was $91K.
How have Workhorse Technologies, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Workhorse Technologies, Inc.'s sponsor-wide assets grew 76.9%, from $5M to $9M.
Which 401(k) plans are similar in size to Workhorse Technologies, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Renaissance Group 401(k) Plan in IL ($9M, 126 participants).
Which 401(k) plans cover a similar participant headcount to Workhorse Technologies, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Roofing Wholesale Co., Inc. 401(k) Plan in AZ (286 participants, $7M 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 208529895.

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.