UE5.4 directory and plugins

Go to this folder:

C:\Users\{username}\AppData\Local\EpicGamesLauncher\Saved\Config\Windows

Open GameUserSettings.ini

Add a line under [Launcher] section:

CreatedProjectPaths=Parent path of one of your projects

Do not include the path of the project itself, only the parent path. It will pick up ALL the projects in that folder as well as all the engines (source or binary) that those projects use.