# Workhorse Technologies, INC. 401(k) Plan
Source: https://planprovider.pro/companies/workhorse-technologies-inc-401k-plan

> Workhorse Technologies, INC.'s 401(k) plan: 120 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Workhorse Technologies, INC.

- **Sponsor EIN:** 208529895

- **Sponsor Address:** 3600 PARK 42 DRIVE STE 160E, SHARONVILLE, OH, 45241

- **Plan Type:** 401(k)

- **Total Participants:** 120

- **Total Assets:** $9.3M

## 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|120|$9.3M|$360,039|$1.4M|

| 2023|286|$9.2M|$1.3M|$2.1M|

| 2022|307|$5.2M|$928,011|$1.4M|

## 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|

| CLARK SCHAEFER HACKETT|Auditor|—|—|$0|

## 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|$38,659|$28,182|$10,477|—|—|

| 2023|$33,295|$28,845|$4,450|—|—|

| 2022|$17,647|$16,527|$1,120|—|—|

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