Back to top

Applied Materials, Inc. Employee Savings and Retirement Plan


Plan Information

  • Plan Year01/01/2009 — 12/31/2009
  • Date of Plan01/01/1981
  • Net Assets as of 12/31/2009 $1,141,050,948
  • Plan Number333
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Report Description This is an amended report.
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2009

  • Active (Eligible) Participants6,330
  • Retired or separated participants receiving benefits57
  • Other retired or separated participants entitled to future benefits4,582
  • Subtotal10,969
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits25
  • Total10,994
  • Total number of participants as of 01/01/200912,575
  • Number of participants with account balances10,457
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested163


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

Sponsor Information

  • Address3050 Bowers Ave. M/S 2022
  • CitySanta Clara
  • StateCA
  • Zip95052
  • Telephone(408) 727-5555
  • EIN94-1655526
  • Industry Code334410
  • Named AdministratorBecky Bailey

Plan Administrator Information

  • Administrator NameApplied Materials, Inc.
  • Address3050 Bowers Ave. M/S 2022
  • CitySanta Clara
  • StateCA
  • Zip95052
  • Telephone(408) 727-5555
  • Administrator EIN94-1655526

Audit Information

  • Audit StatusAudited
  • AuditorArmanino-Mckenna, LLP.
  • Auditor EIN94-6214841
  • 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.
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.
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 $20,000,000
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


Income and Expense Statement

Income $344,479,918
Contributions $78,157,700
Cash Contributions $78,157,700
Cash from Employers $23,442,132
Cash from Participants $53,766,553
Others (including rollovers) $949,015
Noncash Contributions $0
Total Earnings on Investments $260,560,493
Total Interest $1,073,520
Interest-Bearing Cash $191,963
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $881,557
Interest from Other Investments $0
Total Dividends $13,218,685
Preferred Stock $0
Common Stock $6,204,973
Rents $0
Net gain (loss) on sale of assets $17,841,057
Aggregate Proceeds $25,629,254
Aggregate Carrying Amount $7,788,197
Total Unrealized Appreciation (depreciation) of assets $88,799,186
Real Estate $0
Other $88,799,186
Net investment gain (loss) from common/collective trusts $10,018,394
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 $129,609,651
Other Income $5,761,725
Expenses $98,648,180
Total Benefit Payments $97,332,325
Directly to participants or beneficiaries, including direct rollovers $97,332,325
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $9,614
Certain deemed distributions of participant loans $126,541
Interest expense $0
Total Administrative Expenses $1,179,700
Professional Fees $4,800
Contract Administrator Fees $0
Investment Advisory and management fees $659,351
Other Administrative Fees $515,549
Net Income $245,831,738
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2009 12/31/2008 Change YOY
Total Assets $1,141,312,307 $895,315,957 27.48%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $852,126 $1,662,246 -48.74%
Employer Contributions $852,126 $1,662,246 -48.74%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $15,010,361 $19,667,306 -23.68%
Interest-bearing cash $15,010,361 $19,667,306 -23.68%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
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 $13,657,034 $13,258,849 3.00%
Value of interest in common/collective trusts $48,714,601 $36,518,505 33.40%
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 $544,483,641 $403,392,306 34.98%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $186,297,590 $158,561,093 17.49%
Employer-related Investments $332,296,954 $262,255,652 26.71%
Employer Securities $332,296,954 $262,255,652 26.71%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $261,359 $295,087 -11.43%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $261,359 $295,087 -11.43%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $1,141,050,948 $895,020,870 27.49%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional
  • Bny Mellon

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
Fidelity Investments Institutional Recordkeeping fees, Participant loan processing, Account maintenance fees, Securities brokerage commissions and fees, Sub-transfer agency fees Recordkeeper $486,979 $0 $486,979
Total $486,979 $0 $486,979

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Msif Intl Equity I - Morgan Stan Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Trp Growth Stock - T Rowe Pr Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Pers Str Balance - T Rowe Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Pers Strg Growth - T Rowe Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Pers Strg Income - T Rowe Sub-transfer agency fees 0.15% $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.



Name of Investment Investment Manager Type of Investment Dollar Value
Pyramis Group Trust for Ee Ben. Pl. Fidelity Management Trust Company DFE: Common/Collective Trust $48,714,601
Total $48,714,601

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.