Nutanix, Inc. 401(k) Review & Grade
Nutanix, Inc. 401(k) Plan
San Jose, CAProfessional, Scientific & Technical Services3,070 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,865Employer $ per active participant
$18,117Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$412.4MNet plan assets, end of year
$109,568Average balance per account
Score breakdown
- Employer generosity16.5 / 5033th percentile for employer $ per participant
- Low cost24.7 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 99th |
| Employee saving | 93th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,001,395 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $32,879 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nutanix put in about $1,865 per active participant, below the typical peer ($2,951). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $5,725,278 |
| Participant (employee) contributions | $55,610,242 |
| Other contributions (incl. rollovers in) | $19,357,935 |
| Administrative expenses paid from the plan | $20,767 |
| Contract administrator fees | $900 |
| Benefits paid out | $34,604,094 |
| Net assets, start / end of year | $310.5M / $412.4M |
| Active participants, start / end of year | 3,160 / 2,979 |
| Participants with account balances | 3,764 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $26,145 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014124312NAL0003981072001, received 2025-10-14, EIN 27-0989767, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.