401(k) · DOL Form 5500 · 2023

Palo Alto Networks, Inc. 401(k) Plan

Data updated 2026-08-11

$978M
Total assets: 8,249
Participants: 99th
Percentile by assets: $118,545
Avg per participant

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.

99th percentile by assets (of 127,072 plans)
#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.

$978M
total plan assets (2023 EOY): 8,249
covered participants: 99th
percentile by assets (of 127,072 plans): $118,545
avg assets per participant

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 →

State

California

Industry

Professional & Technical Services

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. Palo Alto Networks, Inc. 401(k) Plan reports 8,249 participants - 13x that state average ($978M EOY assets).

California filing particulars

Total Assets (Beginning of Year)	$678M
Net Assets (End of Year)	$978M
Net Income	$299M
Employer EIN	202530195
Plan Effective Date	2006-03-15
Filing Status	FILING RECEIVED

Sponsor Plan History (Palo Alto Networks, Inc.)

Total plan assets by year, all Palo Alto Networks, Inc. plans on file

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

Wells Fargo & Company 401(k) Plan $51.8B · 193,919
Google LLC 401(k) Savings Plan $39.0B · 122,867
Oracle Corporation 401(k) Savings and Investment Plan $26.3B · 63,105
Intel 401(k) Savings Plan $22.2B · 59,863
Apple 401(k) Plan $19.8B · 106,111

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 (401(k), $1.3B, 8,164 participants)

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Palo Alto Networks, Inc. 401(k) Plan by total assets, not by location.

7-Eleven, Inc. 401(k) Plan (OH) $977M · 34,211
American Century Retirement Plan (MO) $977M · 1,452
Constellation Brands, Inc. 401(k) and Profit Sharing Plan (NY) $979M · 4,015
First Horizon Corporation Savings Plan (TN) $980M · 7,404

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).

Next read for Palo Alto Networks, Inc. 401(k) Plan

Filing takeaways

Ways to act on Palo Alto Networks, Inc. 401(k) Plan's numbers.

By total assets, Palo Alto Networks, Inc. 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in California. Compare plans
Palo Alto Networks, Inc.'s sponsor-wide assets have grown 92.9% since 2022 across 3 plan years on file. More Professional & Technical Services plans

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.