Plan Snapshot
- Plan Sponsor: Fortinet, INC.
- Sponsor EIN: 770560389
- Sponsor Address: 909 KIFER RD, SUNNYVALE, CA, 94086
- Plan Type: 401(k)
- Total Participants: 4,052
- Total Assets: $628.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,052 | $628.8M | $13.2M | $70.0M |
| 2023 | 3,826 | $478.9M | $13.2M | $64.4M |
| 2022 | 3,751 | $331.9M | $9.3M | $50.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MILLER KAPLAN ARASE LLP | Auditor | $7,000 | — | $7,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLER KAPLAN ARASE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,000
- Estimated Expense Ratio: 0.001% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $236,853 | $105,808 | $3,000 | $7,000 | — |
| 2023 | $103,442 | — | $1,500 | — | — |
| 2022 | $76,357 | — | — | — | — |