Canoo Inc. 401(k) Plan: Login, Facts & Contact Information

Canoo Inc. 401(k) Plan Facts

Plan name
CANOO INC. 401(K) PLAN
Plan type
401(k) and profit sharing
Plan sponsor
CANOO TECHNOLOGIES INC.
Participants
874 (132 active employees)
Former employees with a balance
356
Plan assets
$20,563,872 at Dec 31, 2024
Average account balance
$49,671 across 414 accounts
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2019
— Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed May 30, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.49 million went into the plan in contributions.
  • $7.58 million was paid out to participants.
  • Investment and other income added $3.13 million.
  • Administrative expenses were $60,613, about $146 per account.

How the Canoo Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019255$2.73 million—$300,173
2020339$5.30 million—$246,094
2021401$11.0 million—$781,494
2022828$15.7 million$838$2.17 million
2023949$21.6 million$0$3.45 million
2024874$20.6 million$0$7.58 million

Canoo Inc. 401(k) Contact Information

Phone
302-472-7427
Mailing address
919 N. MARKET STREET SUITE 460, WILMINGTON DE 19801
Plan sponsor
CANOO TECHNOLOGIES INC.
Employer identification number (EIN)
82-3375874
Plan number
001

Questions about the Canoo Inc. 401(k)

Does Canoo Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500.

Does the Canoo Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Canoo Inc 401(k) plan?

874 participants at the start of plan year 2024, 132 of them active employees, and 356 former employees who still had money in the plan.

What is the average 401(k) balance at Canoo Inc?

About $49,671 per account: $20.6 million in plan assets across 414 accounts with a balance at the end of plan year 2024.

Who manages the Canoo Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Canoo Inc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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