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

Plug Power Inc. 401(k) Plan Facts

Plan name
PLUG POWER INC. SAVINGS AND RETIREMENT PLAN
Plan type
401(k) with employer contributions
Plan sponsor
PLUG POWER INC.
Participants
3,777 (2,606 active employees)
Former employees with a balance
895
Plan assets
$154,468,488 at Dec 31, 2024
Average account balance
$44,670 across 3,458 accounts
Employer contributions
$11,607,547 in plan year 2024 (39% of all contributions)
Recordkeeper
Empower Annuity Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jun 25, 1997
✓ 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 Oct 10, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $30.1 million went into the plan in contributions, $11.6 million of it from the employer (39%).
  • $18.5 million was paid out to participants.
  • Investment and other income added $5.67 million.
  • Administrative expenses were $359,717, about $104 per account.

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

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019712$48.5 million$1.91 million$2.04 million
2020771$166.1 million$2.70 million$4.16 million
20211,131$170.5 million$3.94 million$11.3 million
20221,811$125.5 million$8.78 million$11.8 million
20233,070$137.6 million$11.8 million$10.2 million
20243,777$154.5 million$11.6 million$18.5 million

Plug Power Inc. 401(k) Contact Information

Phone
518-782-7700
Mailing address
125 VISTA BLVD, SLINGERLANDS NY 12159
Plan sponsor
PLUG POWER INC.
Employer identification number (EIN)
22-3672377
Plan number
001

Questions about the Plug Power Inc. 401(k)

Does Plug Power Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $11.6 million, 39% of all contributions.

Does the Plug Power Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

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

3,777 participants at the start of plan year 2024, 2,606 of them active employees, and 895 former employees who still had money in the plan.

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

About $44,670 per account: $154.5 million in plan assets across 3,458 accounts with a balance at the end of plan year 2024.

Who manages the Plug Power Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

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

Your account stays with Empower 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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