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FORM 5500 DATA

Microsoft Corporation Savings Plus 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1987
  • Net Assets as of 12/31/2017 $20,055,371,808
  • 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? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants69,364
  • Retired or separated participants receiving benefits109
  • Other retired or separated participants entitled to future benefits32,303
  • Subtotal101,776
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits103
  • Total101,879
  • Total number of participants as of 01/01/201791,641
  • Number of participants with account balances96,822
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • AddressOne Microsoft Way
  • CityRedmond
  • StateWA
  • Zip90852-6399
  • Telephone(425) 882-8080
  • EIN91-1144442
  • Industry Code511210

Audit Information

  • Audit StatusAudited
  • AuditorDeloitte & Touche, LLP
  • Auditor EIN13-3891517
  • Audit OpinionUnqualified
  • Audit Type Full 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.
2I Stock bonus A stock bonus plan is a type of profit-sharing by which a corporation uses its own stock to make contributions and distributions.
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.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $5,000,000
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? No
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? No

Financials

Income and Expense Statement

Income $5,256,230,697
Contributions $1,714,813,831
Cash Contributions $1,714,813,831
Cash from Employers $488,630,831
Cash from Participants $1,226,183,000
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $3,541,416,866
Total Interest $5,265,384
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,265,384
Interest from Other Investments $0
Total Dividends $46,341,286
Preferred Stock $0
Common Stock $29,683,124
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $3,489,810,196
Real Estate $0
Other $3,489,810,196
Net investment gain (loss) from common/collective trusts $0
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 $0
Expenses $833,797,171
Total Benefit Payments $833,797,171
Directly to participants or beneficiaries, including direct rollovers $833,797,171
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $0
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $4,422,433,526
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $20,073,412,522 $15,649,125,620 28.27%
Total noninterest-bearing cash $4,601,325 $6,657,057 -30.88%
Receivables $17,054,211 $19,576,190 -12.88%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $17,054,211 $19,576,190 -12.88%
General Investments $341,107,175 $254,083,244 34.25%
Interest-bearing cash $339,304,696 $252,684,191 34.28%
U.S. Government Securities $1,802,479 $1,399,053 28.84%
Corporate Debt Instruments $2,578,036 $1,869,555 37.90%
Preferred $0 $0 0.0%
All Other $2,578,036 $1,869,555 37.90%
Corporate Stocks $3,379,808,535 $2,828,884,000 19.47%
Preferred $14,986,496 $7,496,219 99.92%
Common $3,364,822,039 $2,821,387,781 19.26%
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 $122,514,373 $114,393,990 7.10%
Value of interest in common/collective trusts $13,026,253,235 $9,948,329,131 30.94%
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 $1,636,780,641 $1,262,189,364 29.68%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $16,532,489 $9,116,839 81.34%
Employer-related Investments $1,526,182,502 $1,204,026,250 26.76%
Employer Securities $1,526,182,502 $1,204,026,250 26.76%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $18,040,714 $16,555,266 8.97%
Benefit Claims Payable (1) $2,060,167 $1,847,667 11.50%
Operating Payables (1) $4,369,486 $3,527,074 23.88%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $11,611,061 $11,180,525 3.85%
Net Assets $20,055,371,808 $15,632,570,354 28.29%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Artisan Partners Limited Partnershi
  • Blackrock Institutional Trust Co
  • Fidelity Investments Institutional
  • Dimensional Fund Advisors
  • Pimco
  • Russell Investments
  • The Vanguard Group, Inc.

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
Russell Investments Investment management, Investment management fees paid directly by plan NONE $7,850,514 $0 $7,850,514
Artisan Partners Limited Partners Investment management, Investment management fees paid directly by plan NONE $4,568,680 $0 $4,568,680
Pimco Contract Administrator, Investment management fees paid directly by plan NONE $1,459,190 $0 $1,459,190
Dimensional Fund Advisors Investment management, Investment management fees paid directly by plan NONE $1,198,483 $0 $1,198,483
Fidelity Investments Institutional Investment advisory (plan), Investment management fees paid directly by plan NONE $1,114,101 $0 $1,114,101
Total $16,190,968 $0 $16,190,968

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

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
Vanguard S&P 500 Idx Tr Microsoft Corporation DFE: Common/Collective Trust $2,188,320,967
Fidelity Growth Co. Pool Cl 2 Microsoft Corporation DFE: Common/Collective Trust $1,850,915,760
Lifepath 2040 O Microsoft Corporation DFE: Common/Collective Trust $1,558,101,941
Fidelity Contrafund Pool Cl 2 Microsoft Corporation DFE: Common/Collective Trust $1,383,127,549
Lifepath 2030 O Microsoft Corporation DFE: Common/Collective Trust $1,132,708,262
Lifepath 2050 O Microsoft Corporation DFE: Common/Collective Trust $1,057,280,535
Vanguard Rus 1000 Val Tr Microsoft Corporation DFE: Common/Collective Trust $1,012,453,693
Vanguard Rus 2000 Gr Tr Microsoft Corporation DFE: Common/Collective Trust $954,992,604
Vanguard Rus 1000 Gr Tr Microsoft Corporation DFE: Common/Collective Trust $760,790,873
Btc Short-Term Investment Fund Microsoft Corporation DFE: Common/Collective Trust $542,721,713
Lifepath 2020 O Microsoft Corporation DFE: Common/Collective Trust $344,138,354
Lifepath Retirement O Microsoft Corporation DFE: Common/Collective Trust $135,709,853
Lifepath 2060 O Microsoft Corporation DFE: Common/Collective Trust $104,991,131
Total $13,026,253,235

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.