401(k) · DOL Form 5500 · 2023
Netapp Inc 401(k) Plan
Data updated 2026-08-25
- $2.0B
- Total assets Very large vs avg
- 6,378
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $315,555
- Avg per participant High balance/head
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.
- #18,482 in Manufacturing (18,722 peers)
Coverage in California
Netapp, Inc. Employees' 401(k) Savings Plan covers 6,378 participants in California, 10x the typical California plan (state average ~630 per filing). Assets: $2.0B.
- #18,482
- in Manufacturing (18,722 peers)
- +16.7%
- assets growth YoY
- 20×
- vs typical plan assets (national mean)
Netapp, Inc. Employees' 401(k) Savings Plan's outsized position by total assets
Netapp, Inc. Employees' 401(k) Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$2,012,607,411 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Netapp, Inc. Employees' 401(k) Savings 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. Netapp, Inc. Employees' 401(k) Savings Plan lands in the large band (6,378 participants).
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.
Published 5500 schedule card
Filing strip 770307520 · Netapp Inc PY 2023 · 401(k)
Netapp, Inc. Employees' 401(k) Savings Plan · $2.0B · 6,378 · 99th
- EOY $2.0B
- 5500 6,378
- ASSETS 99th
- PCT 401(k)
- EIN near The Mgm Resorts 401(k) Savings Plan
- RANK ind #18482
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 Manufacturing retirement plans → · Plans in California →
Netapp, Inc. Employees' 401(k) Savings Plan in the asset neighbourhood
California filing particulars
| Total Assets (Beginning of Year) | $1.7B |
|---|---|
| Net Assets (End of Year) | $2.0B |
| Net Income | $288M |
| Employer EIN | 770307520 |
| Plan Effective Date | 1998-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Netapp Inc)
Sponsor-wide plan assets over time
All Netapp Inc plans reported in each filing year
- Latest sponsor-wide plan assets
- $2.2B 30.1168733138241% vs 2022
- 2024 filing year
| 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.
- 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
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 (0.016% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 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:
- Netapp, Inc. Employees' 401(k) Savings Plan (401(k), $2.2B, 5,549 participants)
Netapp, Inc. Employees' 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside California, the nearest 401(k) by assets is The Mgm Resorts 401(k) Savings Plan in NV ($2.0B); by covered participants it is The 401(k) Retirement Savings Plan for Yoh Contract Employees in PA (6,377 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.0B here).
- The Mgm Resorts 401(k) Savings Plan (NV) $2.0B · 28,142
- The Huntington 401(k) Plan (OH) $2.0B · 19,962
- Triad 401(k) Retirement Plan (NM) $2.0B · 10,005
- Kellogg Brown & Root, Inc. Retirement and Savings Plan (TX) $2.0B · 3,646
Similar participant headcount
Nearest other-state filings by covered participants (6,378 participants); asset peers above are excluded.
- The 401(k) Retirement Savings Plan for Yoh Contract Employees (PA) 6,377 · 1 off
- Frontier Airlines, Inc. 401(k) Retirement Plan (CO) 6,374 · 4 off
- Svb Financial Group 401(k) and Employee Stock Ownership Plan (TX) 6,383 · 5 off
- Epiq 401(k) Retirement Plan (GA) 6,371 · 7 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.