Plan Snapshot
- Plan Sponsor: Intuitive Surgical, INC.
- Sponsor EIN: 770416458
- Sponsor Address: 1020 KIFER ROAD, SUNNYVALE, CA, 94086
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 8,736
- Total Assets: $1.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 8,736 | $1.0B | $15.4M | $96.1M |
| 2023 | 8,091 | $823.2M | $10.7M | $88.3M |
| 2022 | 7,518 | $607.4M | $9.9M | $72.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Other Service Provider | $399,804 | — | $399,804 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $268,826 | — | $268,826 |
| ALUMAN INC | Other Service Provider | $6,004 | — | $6,004 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $674,634
- Estimated Expense Ratio: 0.065% 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 | $671,180 | $268,826 | — | — | — |
| 2023 | $503,235 | $189,302 | — | — | — |
| 2022 | $456,402 | $147,902 | — | — | $1,200 |