Plan Snapshot
- Plan Sponsor: Netapp, INC.
- Sponsor EIN: 770307520
- Sponsor Address: 3060 OLSEN DR, SAN JOSE, CA, 95128
- Plan Type: 401(k)
- Plan Number: 503
- Total Participants: 3,666
- Total Assets: $1.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,666 | $1.5M | $1.7M | $0 |
| 2023 | 5,172 | $1.1M | $1.8M | $0 |
| 2022 | 4,897 | $740,037 | $1.2M | $0 |
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 |
|---|---|---|---|---|
| PRINCIPAL BANK | Custodian / Trustee | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,000
- Estimated Expense Ratio: 0.332% 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 | $5,000 | — | — | — | — |
| 2023 | $5,000 | — | — | — | — |
| 2022 | $5,000 | — | — | — | — |