Extreme Networks, Inc. 401(k) Review & Grade
Extreme Networks 401(k) Plan
Morrisville, NCManufacturing1,255 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,506Employer $ per active participant
$14,763Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$272.2MNet plan assets, end of year
$171,547Average balance per account
Score breakdown
- Employer generosity34.5 / 5069th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1598th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 90th |
| Employee saving | 98th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,038 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Extreme Networks put in about $3,506 per active participant, more than the typical peer ($2,320). 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 | $4,400,328 |
| Participant (employee) contributions | $18,527,261 |
| Other contributions (incl. rollovers in) | $1,728,292 |
| Administrative expenses paid from the plan | $109,084 |
| Investment advisory & management fees | $53,581 |
| Other admin expenses | $2,500 |
| Benefits paid out | $31,355,319 |
| Net assets, start / end of year | $242.2M / $272.2M |
| Active participants, start / end of year | 1,299 / 1,211 |
| Participants with account balances | 1,587 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $109,009 reported compensation |
| Charles Schwab & Co., Inc. | $294 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251113155636NAL0002707376001, received 2025-11-13, EIN 77-0430270, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.