Plan Snapshot
- Plan Sponsor: Pure Storage, INC.
- Sponsor EIN: 271069557
- Sponsor Address: 2555 AUGUSTINE DR, SANTA CLARA, CA, 95054
- Plan Type: 401(k)
- Total Participants: 3,557
- Total Assets: $581.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 3,557 | $581.3M | $13.8M | $74.9M |
| 2023 | 3,453 | $446.9M | $13.1M | $69.2M |
| 2022 | 3,347 | $316.6M | $12.1M | $58.0M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $222,129 | — | $222,129 |
| SILICON VALLEY ACCOUNTANCY CORP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $222,129
- Estimated Expense Ratio: 0.038% 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 | $222,129 | — | — | — | — |
| 2023 | $251,578 | — | $900 | — | — |
| 2022 | $275,187 | — | — | — | — |