Extrahop Networks, Inc. 401(k) Review & Grade
Extrahop Networks, Inc. 401(k) Plan and Trust
Seattle, WAInformation621 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,461Employer $ per active participant
$13,273Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$65.7MNet plan assets, end of year
$87,337Average balance per account
Score breakdown
- Employer generosity38.3 / 5077th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 37th |
| Employee saving | 77th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,359 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Extrahop Networks put in about $4,461 per active participant, more than the typical peer ($2,829). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,770,442 |
| Participant (employee) contributions | $8,242,334 |
| Other contributions (incl. rollovers in) | $1,503,808 |
| Administrative expenses paid from the plan | $199,924 |
| Investment advisory & management fees | $80,446 |
| Benefits paid out | $11,293,723 |
| Net assets, start / end of year | $55.8M / $65.7M |
| Active participants, start / end of year | 688 / 554 |
| Participants with account balances | 752 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark Nuber P.S. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $113,878 reported compensation |
| SCS | $80,446 reported compensation |
| Clark Nuber PS | $5,600 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014115703NAL0005799522001, received 2025-10-14, EIN 20-8235825, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.