# Netapp, INC. 401(k) Plan
Source: https://planprovider.pro/companies/netapp-inc-770307520-503

> Netapp, INC.'s 401(k) plan: 3,666 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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