Plan Snapshot
- Plan Sponsor: Nikola Corporation
- Sponsor EIN: 822361876
- Sponsor Address: PO BOX 2728, TEMPE, AZ, 85285
- Plan Type: 401(k)
- Total Participants: 946
- Total Assets: $58.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 946 | $58.1M | $4.0M | $10.1M |
| 2023 | 816 | $44.4M | $4.4M | $11.4M |
| 2022 | 1,174 | $27.1M | $3.4M | $8.8M |
| 2021 | 782 | $15.8M | $0 | $0 |
| 2020 | 415 | $3.9M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| METS & ASSOCIATES, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- METS & ASSOCIATES, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $7,950 | — | $600 | — | — |
| 2023 | $8,243 | — | — | — | — |
| 2022 | — | — | — | — | — |
| 2021 | $3,293 | $3,293 | — | — | — |
| 2020 | $21,376 | $21,376 | — | — | — |