Plan Snapshot
- Plan Sponsor: Plug Power INC.
- Sponsor EIN: 223672377
- Sponsor Address: 125 VISTA BLVD, SLINGERLANDS, NY, 12159
- Plan Type: 401(k)
- Total Participants: 2,606
- Total Assets: $154.5M
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 | 2,606 | $154.5M | $11.6M | $17.8M |
| 2023 | 3,181 | $137.6M | $11.8M | $18.4M |
| 2022 | 2,678 | $125.5M | $8.8M | $14.0M |
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 |
|---|---|---|---|---|
| ONEDIGITAL INVESTMENT,ADVISORS LLC | INVESTMENT ADVISOR | $243,201 | — | $243,201 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $88,632 | — | $88,632 |
| DELOITTE & TOUCHE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DELOITTE & TOUCHE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $331,833
- Estimated Expense Ratio: 0.215% of plan assets
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 | $359,717 | $243,201 | — | — | — |
| 2023 | $427,119 | $261,988 | $95,131 | $70,000 | — |
| 2022 | $399,737 | $301,326 | $96,111 | — | — |