# Applied Materials, INC. 401(k) Plan
Source: https://planprovider.pro/companies/applied-materials-inc-401k-plan

> Applied Materials, INC.'s 401(k) plan: 15,323 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$517,576|—|$517,576|

| BAKER TILLY US, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [BAKER TILLY US, LLP](https://planprovider.pro/provider/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:** $517,576

- **Estimated Expense Ratio:** 0.008% of plan assets

### 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|—|—|—|

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