2023 Form 5500 filing — Workhorse Technologies, Inc. 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015111008NAL0014458947001) for Workhorse Technologies, Inc. 401(K) Plan, reported by Workhorse Technologies, Inc. under EIN 20-8529895 and plan number 001. It reports 343 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015111008NAL0014458947001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Workhorse Technologies, Inc.
- EIN
- 20-8529895
- Plan number
- 001
- Location
- Sharonville, OH
- Participants
- 343
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,164,319
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,164,319
- Employer contributions
- $1,305,024
- Participant contributions
- $2,138,928
- Total income / additions
- $5,242,092
- Benefits paid
- $1,268,708
- Administrative expenses
- $33,295
- Total expenses
- $1,310,681
- Net increase / (decrease)
- $3,931,411
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock Life Insurance Company | RECORDKEEPER | $2,150 | $31,956 |
| Pca Investment Advisory Services | NONE | $27,372 | not reported in the loaded dataset |
| Wilshire Associates Inc | NONE | $1,473 | not reported in the loaded dataset |