Energy Vault 401(k) match, vesting and fees
What Energy Vault's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Pension Assurance LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,874 defined-contribution plans in construction with 100 to 499 participants.
| Energy Vault: employer contribution per participant | $5,641 | |
| Peer median | $2,411 |
| Energy Vault: average balance | $61,929 | |
| Peer median | $61,921 |
| Energy Vault: admin expenses ÷ assets | 0.04% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $738K at the end of plan year 2022 to $9.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 156 | $9.4M | $857K | $5,641 | 0.04% | Not published | Form 5500 ↗ |
| 2023 | 154 | $5.4M | $767K | $5,215 | 0.27% | Not published | Form 5500 ↗ |
| 2022 | 143 | $738K | $0 | $0 | 0.13% | Not published | Form 5500 ↗ |
Common questions
Does Energy Vault match 401(k) contributions?
The match terms for the Energy Vault 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $857K in employer contributions, about $5,641 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Energy Vault 401(k) match vested?
The vesting schedule for the Energy Vault 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Energy Vault 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Energy Vault, Inc..
I left Energy Vault. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Energy Vault, Inc., (805) 852-0000) or the recordkeeper, Fidelity Investments Institutional. The Energy Vault old 401(k) page lists the contacts from every plan filing. Find an old Energy Vault 401(k)
Data from the public Form 5500 annual reports Energy Vault filed with the U.S. Department of Labor (plan years 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Energy Vault. Not financial advice. Report a correction · Methodology