401(k) · DOL Form 5500 · 2024
Netapp Inc 401(k) Plan
Data updated 2026-08-25
- $2.2B
- Total assets Very large vs avg
- 5,549
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $404,235
- Avg per participant High balance/head
Official DOL plan name: Netapp, Inc. Employees' 401(k) Savings Plan · Sponsored by Netapp Inc · California · Manufacturing
$2.2B in assets, 5,549 participants
Netapp Inc's Netapp, Inc. Employees' 401(k) Savings Plan reported $2.2B in total assets and 5,549 participants in its 2024 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.
- #17,554 in Manufacturing (17,777 peers)
Coverage in California
Netapp, Inc. Employees' 401(k) Savings Plan covers 5,549 participants in California, 8.8x the typical California plan (state average ~630 per filing). Assets: $2.2B.
- #17,554
- in Manufacturing (17,777 peers)
- +11.5%
- assets growth YoY
- 23×
- 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 2024 · DOL Form 5500
$2,243,100,302 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Netapp, Inc. Employees' 401(k) Savings Plan's large-plan peer group by participant headcount
Plan-year 2024 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 (5,549 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Netapp, Inc. Employees' 401(k) Savings Plan reported net income fell from $288M in the plan year 2023 filing to $230M in the plan year 2024 filing.
- Netapp, Inc. Employees' 401(k) Savings Plan reported participants fell from 6,378 in the plan year 2023 filing to 5,549 in the plan year 2024 filing.
- Netapp, Inc. Employees' 401(k) Savings Plan end-of-year assets rose from $2.0B in the plan year 2023 filing to $2.2B in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 770307520 · Netapp Inc PY 2024 · 401(k)
Netapp, Inc. Employees' 401(k) Savings Plan · $2.2B · 5,549 · 99th
- NET $2.2B
- NET 5,549
- NET 99th
- NET 401(k)
- NET near The Mgm Resorts 401(k) Savings Plan
- NET ind #17554
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) | $2.0B |
|---|---|
| Net Assets (End of Year) | $2.2B |
| Net Income | $230M |
| 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.
- Google LLC 401(k) Savings Plan $48.7B · 116,712
- Oracle Corporation 401(k) Savings and Investment Plan $31.0B · 58,962
- Intel 401(k) Savings Plan $24.9B · 55,298
- Apple 401(k) Plan $24.7B · 101,450
- Cisco Systems,Inc. 401(k) Plan $22.7B · 40,452
Scale composition for Netapp, Inc. Employees' 401(k) Savings Plan
Netapp, Inc. Employees' 401(k) Savings Plan reports $2.2B in end-of-year assets across 5,549 participants (0.018% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $404,235 per participant (2.9x the national average assets-per-participant) . Net income for plan year 2024 was $230M.
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 | Open filing |
| 2024 · index core | 5,549 | $2.2B | This page |
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 ($2.2B); by covered participants it is Hni Corporation 401(k) Plan in IA (5,550 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.2B here).
- The Mgm Resorts 401(k) Savings Plan (NV) $2.2B · 37,719
- Empower Retirement, LLC 401(k) Savings Plan (CO) $2.2B · 10,185
- Park Nicollet Health Services 401(k) Retirement Savings Plan (MN) $2.2B · 8,360
- Rock Holdings & Associated Companies Savings Plan (MI) $2.2B · 15,298
Similar participant headcount
Nearest other-state filings by covered participants (5,549 participants); asset peers above are excluded.
- Hni Corporation 401(k) Plan (IA) 5,550 · 1 off
- The US Oncology Clinical Practice 401(k) Plan (TX) 5,545 · 4 off
- Owens Corning Savings and Security Plan (OH) 5,544 · 5 off
- Penske Logistics Retirement Savings Plan (PA) 5,543 · 6 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.