Plan Ledger DOL Form 5500 · updated monthly

Sonicwall, Inc.401(k)

SONICWALL, INC. 401(K) PLAN · MILPITAS, CA · plan year 2024

Reported admin expense ratio · 2024
0.07%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Sonicwall, Inc. reported $87,682 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $8,070 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.08% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 754th-largest of 9,483 plans among California employers on file, and the 1,108th of 11,654 in professional & technical services. In 2024, employees put in $1.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$139,961,744
Participants with balances746
Active participants529
Employer contributions$4,269,153
Employee contributions$7,991,001
Employer contribution per active participant$8,070
Average account balance$187,616
Benefits paid to participants$18,453,543
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$140.0M · 746 accts · $4.3M emplr
2023$120.9M · 653 accts · $3.7M emplr
2022$101.4M · 643 accts · $3.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,696
Investment management$24,986
Total administrative$87,682
The Sonicwall, Inc. 401(k) match · 2024
Employer contribution per active participant$8,070
Median for plans this size$3,635
2024$8,070 per active participant
2023$7,638 per active participant
2022$7,840 per active participant

Sonicwall, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$62,696
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$24,986

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$87,682 · 0.07%
2023$78,757 · 0.07%
2022$83,044 · 0.08%
Same employer
Similar plansProfessional & Technical Services · California
Btig, LLC CA$142.2M · 0.18%
Automattic Inc. CA$140.7M · 0.01%
Ecg Topco Holdings, LLC CA$138.9M · 0.05%
Gusto (Zenpayroll) CA$138.5M · 0.18%
Shartsis Friese LLP CA$137.4M · 0.01%
Musick, Peeler & Garrett LLP CA$136.7M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611804948 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.