401(k) · DOL Form 5500 · 2023

Netapp Inc 401(k) Plan

Data updated 2026-08-06

$2.0B
Total assets
6,378
Participants
99th
Percentile by assets
$315,555
Avg per participant
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Official DOL plan name: Netapp, Inc. Employees' 401(k) Savings Plan · Sponsored by Netapp Inc · California · Manufacturing

$2.0B in assets, 6,378 participants

Netapp Inc's Netapp, Inc. Employees' 401(k) Savings Plan reported $2.0B in total assets and 6,378 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 126,618 plans)
  • #18,432 in Manufacturing (18,672 peers)

Coverage in California

Netapp, Inc. Employees' 401(k) Savings Plan covers 6,378 participants in California, 10x the typical California plan (state average ~637 per filing). Assets: $2.0B.

$2.0B
total plan assets (2023 EOY)
6,378
covered participants
99th
percentile by assets (of 126,618 plans)
$315,555
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Netapp, Inc. Employees' 401(k) Savings Plan reported net income rose from -$349M in the plan year 2022 filing to $288M in the plan year 2023 filing.
  • Netapp, Inc. Employees' 401(k) Savings Plan end-of-year assets rose from $1.7B in the plan year 2022 filing to $2.0B in the plan year 2023 filing.
  • Netapp, Inc. Employees' 401(k) Savings Plan reported participants rose from 5,901 in the plan year 2022 filing to 6,378 in the plan year 2023 filing.

See the national 2023→2024 release diff →

State
California
Industry
Manufacturing

Participants vs California filers

In California, the average filing covers about 637 participants across 14,392 plans. Netapp, Inc. Employees' 401(k) Savings Plan reports 6,378 participants - 10x that state average ($2.0B EOY assets).

California filing particulars

Total Assets (Beginning of Year)$1.7B
Net Assets (End of Year)$2.0B
Net Income$288M
Employer EIN770307520
Plan Effective Date1998-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Netapp Inc)

$1.6B$1.8B$2B$2.2B$2.4B 202220232024 $1.72B $2.24B ▲ +30.2%
Total plan assets by year, all Netapp Inc plans on file
Year Plans Participants Total Assets
2022 1 5,901 $1.7B
2023 1 6,378 $2.0B
2024 1 5,549 $2.2B

Nearby 401(k) Plans in California

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

Netapp, Inc. Employees' 401(k) Savings Plan vs. nearby 401(k) plans in California, assets vs. participants

Netapp, Inc. Employees' 401(k) Savings Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Netapp, Inc. Employe…Wells Fargo & Compan…Google LLC 401(k) Sa…Oracle Corporation 4…Intel 401(k) Savings…Apple 401(k) Plan
Netapp, Inc. Employees' 401(k) Savings Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Netapp, Inc. Employees' 401(k) Savings P… side-by-side with 3 peers →

Scale composition for Netapp, Inc. Employees' 401(k) Savings Plan

Netapp, Inc. Employees' 401(k) Savings Plan reports $2.0B in end-of-year assets across 6,378 participants (0.017% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.007% of 89,805,449 covered participants) - about $315,555 per participant (2.3x the national average assets-per-participant) . Net income for plan year 2023 was $288M.

This plan identity (EIN 770307520, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.7B to $2.2B (+30.1%) while covered participants moved from 5,901 to 5,549 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 5,901 $1.7B Open filing
2023 6,378 $2.0B This page
2024 · index core 5,549 $2.2B Open filing

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

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Netapp, Inc. Employees' 401(k) Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Netapp, Inc. Employees' 401(k) Savings Plan assets move in 2023? ▼
Netapp, Inc. Employees' 401(k) Savings Plan grew sharply - up 16.7% during 2023, from $1.7B to $2.0B. Reported net income was $288M.
How have Netapp Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Netapp Inc's sponsor-wide assets grew 30.1%, from $1.7B to $2.2B.
Where does Netapp, Inc. Employees' 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Netapp, Inc. Employees' 401(k) Savings Plan ranks in the 99th percentile by end-of-year assets among 126,618 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 Netapp, Inc. Employees' 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Mgm Resorts 401(k) Savings Plan in NV ($2.0B, 28,142 participants).

Next read for Netapp, Inc. Employees' 401(k) Savings P…

Filing takeaways

Ways to act on Netapp, Inc. Employees' 401(k) Savings Plan's numbers.

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 770307520.

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.