401(k) · DOL Form 5500 · 2023

Fortinet, Inc. 401(k) Plan

Data updated 2026-08-25

$479M
Total assets Above avg plan size
3,751
Participants Above avg headcount
97th
Percentile by assets National rank
$127,660
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

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

$479M in assets, 3,751 participants

Fortinet, Inc.'s Fortinet Inc. 401(k) Plan reported $479M in total assets and 3,751 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #19,948 in Professional & Technical Services (20,321 peers)

Coverage in California

Fortinet Inc. 401(k) Plan covers 3,751 participants in California, 6.0x the typical California plan (state average ~630 per filing). Assets: $479M.

#19,948
in Professional & Technical Services (20,321 peers)
+44.3%
assets growth YoY
4.8×
vs typical plan assets (national mean)

Fortinet Inc. 401(k) Plan's outsized position by total assets

Fortinet Inc. 401(k) Plan vs every filed plan by assets

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

$478,852,460 Top 3% higher than 97% 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

Fortinet 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. Fortinet Inc. 401(k) Plan lands in the large band (3,751 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Fortinet Inc. 401(k) Plan reported net income rose from -$15M in the plan year 2022 filing to $147M in the plan year 2023 filing.
  • Fortinet Inc. 401(k) Plan end-of-year assets rose from $332M in the plan year 2022 filing to $479M in the plan year 2023 filing.
  • Fortinet Inc. 401(k) Plan reported participants rose from 3,126 in the plan year 2022 filing to 3,751 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 770560389 · Fortinet, Inc. PY 2023 · 401(k)

Fortinet Inc. 401(k) Plan · $479M · 3,751 · 97th

  • BOY $479M
  • SCH 3,751
  • EBSA 97th
  • PART 401(k)
  • TYPE near Circle K Retirement Plan
  • NET ind #19948

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 →

Fortinet Inc. 401(k) Plan in the asset neighbourhood

Cae USA Inc Savings Investment and Employee Benefit Plan Number 1Cae USA Inc Savings Investme…$480MRepublic Airways Holdings Inc. 401(k) PlanRepublic Airways Holdings In…$479MNova Southeastern University 401(k) PlanNova Southeastern University…$479MFortinet Inc. 401(k) Plan$479MCircle K Retirement Plan$479M
End-of-year total assets ($M) among Fortinet 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)$332M
Net Assets (End of Year)$479M
Net Income$147M
Employer EIN770560389
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Fortinet, Inc.)

Sponsor-wide plan assets over time

All Fortinet, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$629M 89.47033342461886% vs 2022
2024 filing year
$300M$400M$500M$600M$700M 202220232024 $332M $629M ▲ +89.5%
Year Plans Participants Total Assets
2022 1 3,126 $332M
2023 1 3,751 $479M
2024 1 3,826 $629M

Nearby 401(k) Plans in California

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

Fortinet Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Fortinet Inc. 401(k) Plan, Total assets ($B): 0.47885246 · Participants: 3751Fortinet 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
Fortinet Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Fortinet Inc. 401(k) Plan side-by-side with 3 peers →

Fortinet Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Circle K Retirement Plan in AZ ($479M); by covered participants it is Firstfleet, Inc. 401(k) Plan in TN (3,750 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($479M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,751 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 Fortinet Inc. 401(k) Plan assets move in 2023? ▼
Fortinet Inc. 401(k) Plan surged - up 44.3% during 2023, from $332M to $479M. Reported net income was $147M.
How have Fortinet, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Fortinet, Inc.'s sponsor-wide assets grew 89.5%, from $332M to $629M.
Where does Fortinet Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Fortinet Inc. 401(k) Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Fortinet Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Circle K Retirement Plan in AZ ($479M, 62,049 participants).
Which 401(k) plans cover a similar participant headcount to Fortinet Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Firstfleet, Inc. 401(k) Plan in TN (3,750 participants, $44M 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 770560389.

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.