401(k) · DOL Form 5500 · 2023

Palo Alto Networks, Inc. 401(k) Plan

Data updated 2026-08-25

$978M
Total assets Above avg plan size
8,249
Participants Very large workforce
99th
Percentile by assets National rank
$118,545
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Palo Alto Networks, Inc. 401(k) Plan · Sponsored by Palo Alto Networks, Inc. · California · Professional & Technical Services

$978M in assets, 8,249 participants

Palo Alto Networks, Inc.'s Palo Alto Networks, Inc. 401(k) Plan reported $978M in total assets and 8,249 participants in its 2023 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #20,132 in Professional & Technical Services (20,321 peers)

Coverage in California

Palo Alto Networks, Inc. 401(k) Plan covers 8,249 participants in California, 13x the typical California plan (state average ~630 per filing). Assets: $978M.

#20,132
in Professional & Technical Services (20,321 peers)
+44.1%
assets growth YoY
9.8×
vs typical plan assets (national mean)

Palo Alto Networks, Inc. 401(k) Plan's outsized position by total assets

Palo Alto Networks, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$977,881,078 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Palo Alto Networks, Inc. 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Palo Alto Networks, Inc. 401(k) Plan lands in the large band (8,249 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Palo Alto Networks, Inc. 401(k) Plan reported net income rose from -$41M in the plan year 2022 filing to $299M in the plan year 2023 filing.
  • Palo Alto Networks, Inc. 401(k) Plan end-of-year assets rose from $678M in the plan year 2022 filing to $978M in the plan year 2023 filing.
  • Palo Alto Networks, Inc. 401(k) Plan reported participants rose from 7,196 in the plan year 2022 filing to 8,249 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 202530195 · Palo Alto Networks, Inc. PY 2023 · 401(k)

Palo Alto Networks, Inc. 401(k) Plan · $978M · 8,249 · 99th

  • BOOK $978M
  • BOOK 8,249
  • BOOK 99th
  • BOOK 401(k)
  • BOOK near 7-Eleven, Inc. 401(k) Plan
  • BOOK ind #20132

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in California →

Palo Alto Networks, Inc. 401(k) Plan in the asset neighbourhood

First Horizon Corporation Savings PlanFirst Horizon Corporation Sa…$980MConstellation Brands, Inc. 401(k) and Profit Sharing PlanConstellation Brands, Inc. 4…$979MPalo Alto Networks, Inc. 401(k) PlanPalo Alto Networks, Inc. 401…$978M7-Eleven, Inc. 401(k) Plan$977MAmerican Century Retirement PlanAmerican Century Retirement …$977M
End-of-year total assets ($M) among Palo Alto Networks, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$678M
Net Assets (End of Year)$978M
Net Income$299M
Employer EIN202530195
Plan Effective Date2006-03-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Palo Alto Networks, Inc.)

Sponsor-wide plan assets over time

All Palo Alto Networks, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 92.86741811626817% vs 2022
2024 filing year
$0.6B$0.8B$1B$1.2B$1.4B 202220232024 $0.68B $1.31B ▲ +92.6%
Year Plans Participants Total Assets
2022 1 7,196 $678M
2023 1 8,249 $978M
2024 1 8,164 $1.3B

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Palo Alto Networks, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Palo Alto Networks, Inc. 401(k) Plan, Total assets ($B): 0.977881078 · Participants: 8249Palo Alto Networks, Inc. 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Palo Alto Networks, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Palo Alto Networks, Inc. 401(k) Plan side-by-side with 3 peers →

Scale composition for Palo Alto Networks, Inc. 401(k) Plan

Palo Alto Networks, Inc. 401(k) Plan reports $978M in end-of-year assets across 8,249 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $118,545 per participant (86% of the national average assets-per-participant) . Net income for plan year 2023 was $299M.

This plan identity (EIN 202530195, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $678M to $1.3B (+92.9%) while covered participants moved from 7,196 to 8,164 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 7,196 $678M Open filing
2023 8,249 $978M This page
2024 · index core 8,164 $1.3B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Palo Alto Networks, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is 7-Eleven, Inc. 401(k) Plan in OH ($977M); by covered participants it is Rate Holdings Corp. Multiple Employer 401(k) Plan in IL (8,248 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($978M here).

Similar participant headcount

Nearest other-state filings by covered participants (8,249 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Palo Alto Networks, Inc. 401(k) Plan assets move in 2023? ▼
Palo Alto Networks, Inc. 401(k) Plan surged - up 44.1% during 2023, from $678M to $978M. Reported net income was $299M.
How have Palo Alto Networks, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Palo Alto Networks, Inc.'s sponsor-wide assets grew 92.9%, from $678M to $1.3B.
Where does Palo Alto Networks, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Palo Alto Networks, Inc. 401(k) Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Palo Alto Networks, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is 7-Eleven, Inc. 401(k) Plan in OH ($977M, 34,211 participants).
Which 401(k) plans cover a similar participant headcount to Palo Alto Networks, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Rate Holdings Corp. Multiple Employer 401(k) Plan in IL (8,248 participants, $495M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 202530195.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.