# Plug Power INC. 401(k) Plan
Source: https://planprovider.pro/companies/plug-power-inc-401k-plan

> Plug Power INC.'s 401(k) plan: 2,606 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/deloitte-and-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|—|—|

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