# Applied Materials, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/applied-materials-inc-941655526-504

> Applied Materials, INC.'s Health & Welfare plan: 7,135 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 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|

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