Plan Snapshot
- Plan Sponsor: Varian Medical Systems, INC.
- Sponsor EIN: 942359345
- Sponsor Address: 3100 HANSEN WAY, PALO ALTO, CA, 94304
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 3,851
- Total Assets: $1.4B
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. |
|---|---|---|---|---|
| 2023 | 3,851 | $1.4B | $30.3M | $54.7M |
| 2022 | 3,735 | $1.2B | $27.4M | $51.2M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $281,528 | — | $281,528 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $43,047 | — | $43,047 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $324,575
- Estimated Expense Ratio: 0.023% 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 |
|---|---|---|---|---|---|
| 2023 | $324,575 | $281,528 | $2,700 | — | — |
| 2022 | $369,896 | $234,973 | — | — | — |