Retirement plan

NETAPP, INC. EMPLOYEES' 401(K) SAVINGS PLAN

Name: NETAPP INC - NETAPP, INC. EMPLOYEES' 401(K) SAVINGS PLAN (2018) Form 5500
Creator: NETAPP INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NETAPP, INC. EMPLOYEES' 401(K) SAVINGS PLAN, NETAPP INC

NETAPP INCEIN 77-0307520Plan #001PY 2018

1395 CROSSMAN AVENUE - SUNNYVALE, CA 94089408-822-6000netapp.comLinkedIn10001+ employeescomputer software

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed August 9, 2005

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$1251.2M

-7.0% from 2016

Total participants

8,578

+6.9% from 2016

Average account balance

$155,952

-10.5% from 2016

Annual return

-4.77%

-7.13 pp from 2016

Benchmarks

See 119 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort119 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.24B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$271K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

8,283

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$147.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.37%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$22

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	$428,574
CALLAN ASSOCIATES1 year Filed as: CALLAN, LLC Service code 27 · EIN 94-2192581	Advisory (Plan)	$139,263
THOMPSON HINE4+ years Filed as: THOMPSON HINE LLP Service code 29 · EIN 34-0575300	Legal	$75,117
MOSS ADAMS LLP2 years Filed as: MOSS ADAMS, LLP Service code 10 · EIN 91-0189318	Accounting	$24,780

Plan features & details

Pension benefit codes2F2G2J2K2T

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$660K

$114 / participant

Other / not subdivided$660K100.0%

% of EOY assets

0.053%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$155,952

$96,261+62.0%

$76,768+103.1%

$68,904+126.3%

Participation rate

90.4%

87.0%+3.4pp

77.0%+13.5pp

74.1%+16.3pp

Annual return

-4.77%

-0.85%-3.9pp

2.43%-7.2pp

1.07%-5.8pp

Employer contribution / active EE

$4,964

$3,303+50.3%

$2,485+99.7%

$2,540+95.4%

Participant deferral / active EE

$14,521

$5,537+162.3%

$3,852+277.0%

$4,015+261.6%

Admin fee / account holder

$82

$73+12.9%

$6,676-98.8%

$71+15.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

$428,574

CALLAN ASSOCIATES1 year

Filed as: CALLAN, LLC

Service code 27 · EIN 94-2192581

Advisory (Plan)

$139,263

THOMPSON HINE4+ years

Filed as: THOMPSON HINE LLP

Service code 29 · EIN 34-0575300

Legal

$75,117

MOSS ADAMS LLP2 years

Filed as: MOSS ADAMS, LLP

Service code 10 · EIN 91-0189318

Accounting

$24,780

NETAPP, INC. EMPLOYEES' 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NETAPP, INC. EMPLOYEES' 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion