# Nikola Corporation 401(k) Plan
Source: https://planprovider.pro/companies/nikola-corporation-401k-plan

> Nikola Corporation's 401(k) plan: 946 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/metz-cpa-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|—|—|—|

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