Plan Snapshot
- Plan Sponsor: Proofpoint, INC
- Sponsor EIN: 510414846
- Sponsor Address: 925 W. MAUDE AVENUE, SUNNYVALE, CA, 94085
- Plan Type: 401(k)
- Total Participants: 2,793
- Total Assets: $438.2M
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 | 2,793 | $438.2M | $3.5M | $48.3M |
| 2023 | 2,843 | $353.1M | $3.1M | $47.2M |
| 2022 | 2,821 | $256.9M | $3.5M | $42.3M |
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 |
|---|---|---|---|---|
| MOSS ADAMS | ACCOUNTANT/AUDITOR | $30,975 | — | $30,975 |
| BAKER TILLY US, LLP | Auditor | $30,975 | — | $30,975 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $11,782 | — | $11,782 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,732
- Estimated Expense Ratio: 0.017% 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 | -$22,559 | $11,782 | $600 | $30,975 | — |
| 2023 | -$8,965 | $360 | — | $27,000 | — |
| 2022 | $32,237 | — | — | — | — |