Plan Snapshot
- Plan Sponsor: Applied Materials, INC.
- Sponsor EIN: 941655526
- Sponsor Address: 3050 BOWERS AVE. M/S 1221, SANTA CLARA, CA, 95052
- Plan Type: 401(k)
- Total Participants: 15,323
- Total Assets: $6.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 15,323 | $6.2B | $87.3M | $231.2M |
| 2023 | 14,940 | $5.1B | $83.8M | $213.6M |
| 2022 | 14,583 | $4.1B | $71.5M | $180.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,988,001 | $1,450,425 | $10,500 | — | — |
| 2023 | $1,912,242 | $1,318,801 | $2,400 | — | — |
| 2022 | $1,979,484 | $1,307,628 | — | — | — |