401k Record

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Plug Power 401(k)

Recordkeeping fees per participant · Plug Power Inc. Savings and Retirement Plan · plan year 2024

$25.63

Higher than 22% of the 5,847 plans $50 to 250M that report it.

Source

= $88,632 / 3,458
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010104317NAL0007536497001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104317NAL0007536497001, received 2025-10-10

10th: $10.22median $69.9190th: $151.08

Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-10.

Cost and contributions

Administrative expenses excluding investment management, per participant

$33.69

10th: $16.21median $93.2090th: $246.84

Higher than 18% of the 8,758 plans $50 to 250M that report it.

Source

= $116,516 / 3,458
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010104317NAL0007536497001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104317NAL0007536497001, received 2025-10-10

Administrative expenses per participant

$104.02

10th: $29.39median $132.8490th: $350.58

Higher than 38% of the 9,042 plans $50 to 250M that report it.

Source

= $359,717 / 3,458
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010104317NAL0007536497001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104317NAL0007536497001, received 2025-10-10

Administrative expenses as a share of assets

0.233%

10th: 0.022%median 0.136%90th: 0.326%

Higher than 76% of the 9,049 plans $50 to 250M that report it.

Source

= $359,717 / $154,468,488
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010104317NAL0007536497001, received 2025-10-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010104317NAL0007536497001, received 2025-10-10

Employer contributions per participant

$3,357

10th: $965median $2,73890th: $8,164

Higher than 61% of the 9,105 plans $50 to 250M that report it.

Source

= $11,607,547 / 3,458
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010104317NAL0007536497001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104317NAL0007536497001, received 2025-10-10

Employer share of total contributions

38.5%

10th: 15.6%median 29.5%90th: 50.6%

Higher than 74% of the 9,112 plans $50 to 250M that report it.

Source

= $11,607,547 / $30,131,071
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010104317NAL0007536497001, received 2025-10-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010104317NAL0007536497001, received 2025-10-10

Plan terms, as stated in Plug Power Inc.'s SEC filings

Vesting

“Participants are vested in the Company’s matching contribution based on years of service completed.”

Form 10-K filed 2026-03-02, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document

Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.

Plan features

2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251010104317NAL0007536497001, received 2025-10-10

Full record, Plug Power Inc. Savings and Retirement Plan

FieldValueSource
Plan sponsorPLUG POWER INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251010104317NAL0007536497001, received 2025-10-10
Plan namePLUG POWER INC. SAVINGS AND RETIREMENT PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251010104317NAL0007536497001, received 2025-10-10
Sponsor EIN / plan number22-3672377 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251010104317NAL0007536497001, received 2025-10-10
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251010104317NAL0007536497001, received 2025-10-10
Sponsor locationSLINGERLANDS, NYForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251010104317NAL0007536497001, received 2025-10-10
Industry (business code)335900, ManufacturingForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251010104317NAL0007536497001, received 2025-10-10
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251010104317NAL0007536497001, received 2025-10-10
Filing received2025-10-10Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251010104317NAL0007536497001, received 2025-10-10
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251010104317NAL0007536497001, received 2025-10-10
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251010104317NAL0007536497001, received 2025-10-10
Participants, beginning of year3,777Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251010104317NAL0007536497001, received 2025-10-10
Active participants2,606Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251010104317NAL0007536497001, received 2025-10-10
Participants, end of year3,567Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251010104317NAL0007536497001, received 2025-10-10
Participants with an account balance3,458Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010104317NAL0007536497001, received 2025-10-10
Total assets, beginning of year$137,607,576Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251010104317NAL0007536497001, received 2025-10-10
Total assets, end of year$154,468,488Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010104317NAL0007536497001, received 2025-10-10
Net assets, end of year$154,468,488Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251010104317NAL0007536497001, received 2025-10-10
Total income$35,801,446Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251010104317NAL0007536497001, received 2025-10-10
Net income$16,860,912Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251010104317NAL0007536497001, received 2025-10-10
Employer contributions$11,607,547Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010104317NAL0007536497001, received 2025-10-10
Participant contributions$17,761,307Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251010104317NAL0007536497001, received 2025-10-10
Other contributions (incl. rollovers)$762,217Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251010104317NAL0007536497001, received 2025-10-10
Total contributions$30,131,071Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010104317NAL0007536497001, received 2025-10-10
Benefit payments$18,492,071Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251010104317NAL0007536497001, received 2025-10-10
Total expenses (incl. benefit payments)$18,940,534Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251010104317NAL0007536497001, received 2025-10-10
Total administrative expenses$359,717Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010104317NAL0007536497001, received 2025-10-10
Recordkeeping fees$88,632Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010104317NAL0007536497001, received 2025-10-10
Investment advisory and management fees$243,201Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251010104317NAL0007536497001, received 2025-10-10
Administrative expenses excluding investment management$116,516derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010104317NAL0007536497001, received 2025-10-10
Held in mutual funds$127,886,403Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251010104317NAL0007536497001, received 2025-10-10
Independent auditorDELOITTE & TOUCHE LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251010104317NAL0007536497001, received 2025-10-10

Position = column in the DOL layout for form year 2024. Filing 20251010104317NAL0007536497001, received 2025-10-10.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
ONEDIGITAL INVESTMENT,ADVISORS LLCINVESTMENT ADVISOR 27 Investment advisory (plan) $243,201no
EMPOWER ANNUITY INSURANCE COMPANYrecordkeeperRECORDKEEPER 13 Contract administrator; 50 Direct payment from the plan; 15 Recordkeeping and information management; 64 Recordkeeping fees; 37 Participant loan processing $88,632yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251010104317NAL0007536497001, received 2025-10-10.

What changed since the 2023 plan year

Figure20232024Change
Total assets$137,607,576$154,468,48812.3%
Participants with a balance3,6373,458-4.9%
Administrative expenses$427,119$359,717-15.8%
Recordkeeping fees per participantnot reported$25.63
Employer contributions$11,761,977$11,607,547-1.3%

Prior filing 20241011103301NAL0021677473001, received 2024-10-11; the plan years are contiguous.

Alerts, claims and corrections

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Sponsor name as filed: PLUG POWER INC.; SEC registrant: PLUG POWER INC (CIK 1093691, matched by EIN; display name from the Form 10-K cover).