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Overview

Plan Information

  • Plan Year01/01/2015 — 12/31/2015
  • Date of Plan04/01/1992
  • Net Assets as of 12/31/2015 $1,189,085,353
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2015

  • Active (Eligible) Participants7,348
  • Retired or separated participants receiving benefits39
  • Other retired or separated participants entitled to future benefits4,934
  • Subtotal12,321
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total12,322
  • Total number of participants as of 01/01/201514,461
  • Number of participants with account balances11,938
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested967

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address2535 Garcia Avenue
  • CityMountain View
  • StateCA
  • Zip94039
  • Telephone(650) 944-6000
  • EIN77-0034661
  • Industry Code335310
  • Named AdministratorHannah Dixon

Audit Information

  • Audit StatusAudited
  • AuditorMoss Adams LLP
  • Auditor EIN91-0189318
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $2,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? Yes
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? Yes

Financials

Income and Expense Statement

Income $113,296,379
Contributions $137,130,734
Cash Contributions $137,130,734
Cash from Employers $53,118,259
Cash from Participants $76,536,138
Others (including rollovers) $7,476,337
Noncash Contributions $0
Total Earnings on Investments $-22,250,985
Total Interest $840,778
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $840,778
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $-23,091,763
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $-1,583,370
Expenses $116,738,171
Total Benefit Payments $115,167,598
Directly to participants or beneficiaries, including direct rollovers $115,167,598
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $1,036,584
Interest expense $0
Total Administrative Expenses $533,989
Professional Fees $0
Contract Administrator Fees $533,989
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-3,441,792
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2015 12/31/2014 Change YOY
Total Assets $1,189,085,353 $1,192,527,145 -0.29%
Total noninterest-bearing cash $0 $1,130,024,925 -100.00%
Receivables $0 $2,503,701 -100.00%
Employer Contributions $0 $919,508 -100.00%
Participant Contributions $0 $1,584,193 -100.00%
Other Contributions $0 $0 0.0%
General Investments $0 $9,420,996 -100.00%
Interest-bearing cash $0 $9,420,996 -100.00%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $75,722 -100.00%
Preferred $0 $0 0.0%
All Other $0 $75,722 -100.00%
Corporate Stocks $0 $17,712,805 -100.00%
Preferred $0 $0 0.0%
Common $0 $17,712,805 -100.00%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $18,726,848 $19,357,914 -3.26%
Value of interest in common/collective trusts $1,119,754,356 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $13,431,082 -100.00%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $50,604,149 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $1,189,085,353 $1,192,527,145 -0.29%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Intuit, Inc.
  • Putnam Fiduciary Trust Company
  • Schwab Funds & Laudus Funds
  • Charles Schwab Investment Mgmt

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Great-West Life & Annuity Insurance Recordkeeping fees, Recordkeeping and information management (computing, tabulating, data processing, etc.) Recordkeeper $522,705 $0 $522,705
Charles Schwab & Co., Inc. Securities brokerage Brokerage Services $66,200 $0 $66,200
Fmr LLC Fidelity Investment Institu Other fees Other $9,633 $0 $9,633
Qdro Consultants Co LLC Consulting (general) Consulting $2,400 $0 $2,400
Steel Peak Wealth Mgmt LLC Securities brokerage Brokerage Services $1,402 $0 $1,402
Kcm Investment Advisors LLC Securities brokerage Brokerage Services $154 $0 $154
Total $602,494 $0 $602,494

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Great-West Life & Annuity Ins. Co. Charles Schwab & Co., Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees 5% - 15% of The Fees Paid To Charles Schwab From Participant Sdbas $0
Charles Schwab & Co., Inc. AKRE Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Allianz Funds Securities brokerage Range of 0.02 - 0.35% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Amana Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. American Century Investments Securities brokerage Rate of 0.27% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Amg Funds Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Appleseed Fund Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Arbitrage Fund Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Aston Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Baron Capital Group Securities brokerage Range of 0.08 - 0.35% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Blackrock Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Brown Advisory Funds Securities brokerage Range of 0.09 - 0.35% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Buffalo Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Burnham Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Catalyst Mutual Funds Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Century Funds Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Credit Suisse (New York, Ny) Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Davis Funds Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Doubleline Securities brokerage Range of 0.09 - 0.31% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Eagle Funds Securities brokerage Rate of 0.44% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Federated Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Fidelity Investments Securities brokerage Rate of 0.44% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Fidelity Transaction Fee Funds Securities brokerage Per Position Maintenance Fee $23
Charles Schwab & Co., Inc. First Eagle Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Firsthand Funds Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Fmi Funds Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. FPA Securities brokerage Rate of 0.05% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Franklin Templeton Investments Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Gabelli Securities brokerage Rate of 0.30% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Glenmede Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Goldman Sachs Securities brokerage Range of 0.35 - 0.39% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Gotham Securities brokerage Rate of 0.09% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Greenspring Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Guinness Atkinson Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Harding Loevner Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Heartland Securities brokerage Rate of 0.44% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Henderson Global Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Hennessy Securities brokerage Range of 0.35 - 0.44% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Icon Funds Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Invesco Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. James Advantage Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Janus Securities brokerage Rate of 0.30% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Jpmorgan Securities brokerage Rate of 0.44% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Laudus Funds Securities brokerage Rate of 0.09% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Lazard Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Legg Mason Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Litman Gregory Masters Funds Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Marsico Investment Fund Securities brokerage Rate of 0.44% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Matthews Asia Funds Securities brokerage Range of 0.30 - 0.35% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Metropolitan West Funds Securities brokerage Range of 0.30 - 0.35% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Midas Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Motley Fool Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Natixis Funds Securities brokerage Range of 0.30 - 0.35% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Nicholas Securities brokerage Rate of 0.32% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Northern Funds Securities brokerage Range of 0.17 - 0.33% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Oakmark Securities brokerage Rate of 0.30% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Oberweis Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Oppenheimerfunds Securities brokerage Rate of 0.44% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Pacific Financial Securities brokerage Rate of 0.22% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Parnassus Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Paydenfunds Securities brokerage Rate of 0.07% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Pear Tree Funds Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Primecap Odyssey Funds Securities brokerage Rate of 0.05% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Profunds Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Rainier Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Robeco Investment Funds Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Rydex Funds Securities brokerage Range of 0.35 - 0.39% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Sandalwood Securities brokerage Rate of 0.09% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Schwab Funds Securities brokerage Range of 0.02 - 0.22% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Scout Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. SIT Securities brokerage Rate of 0.33% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Sound Mind Securities brokerage Rate of 0.09% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. T. Rowe Price Securities brokerage Rate of 0.03% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. TCW Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Tocqueville Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. U.S. Global Investors Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Wasatch Securities brokerage Rate of 0.33% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Wells Fargo Advantage Securities brokerage Range of 0.30 - 0.48% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. William Blair Securities brokerage Rate of 0.44% of Average Daily Balance of Asset(S) $0
Charles Schwab & Co., Inc. Wintergreen Funds Securities brokerage Rate of 0.35% of Average Daily Balance of Asset(S) $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Putnam Stable Value Fund Putnam Fiduciary Trust Company DFE: Common/Collective Trust $21,348,002
Total $21,348,002

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.