Plan Snapshot
- Plan Sponsor: Applied Materials, INC.
- Sponsor EIN: 941655526
- Sponsor Address: 3050 BOWERS AVENUE, M/S 1221, SANTA CLARA, CA, 95054
- Plan Type: Health & Welfare
- Plan Number: 504
- Total Participants: 7,135
- Total Assets: $1.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 7,135 | $1.4M | $0 | $3.9M |
| 2023 | 7,607 | $680,410 | $0 | $2.5M |
| 2022 | 6,910 | $1.0M | $0 | $1.7M |
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 |
|---|---|---|---|---|
| SEDGWICK CMS | Other Service Provider | $242,517 | — | $242,517 |
| MOSS ADAMS LLP | Other Service Provider | $60,295 | — | $60,295 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $302,812
- Estimated Expense Ratio: 21.328% 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 | $302,812 | — | $242,517 | $60,295 | — |
| 2023 | $281,506 | — | $238,778 | $42,728 | — |
| 2022 | $272,230 | — | — | — | $272,230 |