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FORM 5500 DATA

Applied Materials, Inc. Employee Savings and Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2011 — 12/31/2011
  • Date of Plan01/01/1981
  • Net Assets as of 12/31/2011 $1,201,412,675
  • 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
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2011

  • Active (Eligible) Participants6,340
  • Retired or separated participants receiving benefits27
  • Other retired or separated participants entitled to future benefits2,595
  • Subtotal8,962
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits28
  • Total8,990
  • Total number of participants as of 01/01/201110,697
  • Number of participants with account balances8,414
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested247

Expenses

  • 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 1221
  • 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 1221
  • 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.
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.
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

Financials

Income and Expense Statement

Income $27,734,476
Contributions $93,206,458
Cash Contributions $93,206,458
Cash from Employers $26,118,471
Cash from Participants $56,659,563
Others (including rollovers) $10,428,424
Noncash Contributions $0
Total Earnings on Investments $-76,887,300
Total Interest $879,328
Interest-Bearing Cash $45,878
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $642,150
Interest from Other Investments $191,300
Total Dividends $16,104,645
Preferred Stock $0
Common Stock $6,592,270
Rents $0
Net gain (loss) on sale of assets $-2,536,940
Aggregate Proceeds $56,967,152
Aggregate Carrying Amount $59,504,092
Total Unrealized Appreciation (depreciation) of assets $-65,950,777
Real Estate $0
Other $-65,950,777
Net investment gain (loss) from common/collective trusts $3,950,115
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 $-29,333,671
Other Income $11,415,318
Expenses $72,669,179
Total Benefit Payments $71,885,549
Directly to participants or beneficiaries, including direct rollovers $71,885,549
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $13,893
Certain deemed distributions of participant loans $48,057
Interest expense $0
Total Administrative Expenses $721,680
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $596,522
Other Administrative Fees $125,158
Net Income $-44,934,703
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2011 12/31/2010 Change YOY
Total Assets $1,201,684,393 $1,246,442,191 -3.59%
Total noninterest-bearing cash $4,699 $2,053 128.88%
Receivables $1,761,872 $1,154,985 52.55%
Employer Contributions $1,761,872 $1,154,985 52.55%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $30,142,970 $15,703,124 91.96%
Interest-bearing cash $30,142,970 $15,703,124 91.96%
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 $13,493,758 $13,519,918 -0.19%
Value of interest in common/collective trusts $62,674,166 $54,440,891 15.12%
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 $674,038,189 $656,705,130 2.64%
Value of funds held in insurance co. general account $8,161,528 $5,586,368 46.10%
Other Investments $193,837,723 $198,315,460 -2.26%
Employer-related Investments $217,569,488 $301,014,262 -27.72%
Employer Securities $217,569,488 $301,014,262 -27.72%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $271,718 $315,995 -14.01%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $271,718 $315,995 -14.01%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $1,201,412,675 $1,246,126,196 -3.59%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fiioc

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
Fiioc Recordkeeping fees, Participant loan processing, Account maintenance fees, Securities brokerage commissions and fees, Sub-transfer agency fees, Direct payment from the plan Recordkeeper $102,756 $0 $102,756
Total $102,756 $0 $102,756

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fiioc Msif Intl Equity I-Morgan Stanley Sub-transfer agency fees .10% $0
Fiioc Msif Intl Equity P-Morgan Stanley Sub-transfer agency fees .35% $0
Fiioc Trp Grwth Stock-T Rowe Price Sub-transfer agency fees .15% $0
Fiioc Trp Pers Str Balance-T.Rowe Price Sub-transfer agency fees .15% $0
Fiioc Trp Pers Strg Growth-T.Rowe Price Sub-transfer agency fees .15% $0
Fiioc Ld Abbett Smcpval I-Dst Systems, In Sub-transfer agency fees .10% $0
Fiioc Trp Pers Strg Income-T.Rowe Price Sub-transfer agency fees .15% $0
Fiioc Abf Balanced Inv-State Street Bank Sub-transfer agency fees .40% $0
Fiioc Drey Sm Cap Stk Idx-Dreyfus Transfe Sub-transfer agency fees .10% $0
Fiioc Eagle Sm Cap Grth I-Jp Morgan Sub-transfer agency fees .15% $0
Fiioc Harbor Sm Cp Val Is-Principal Sub-transfer agency fees .10% $0
Fiioc Janus Flexible Bd T-Janus Services Sub-transfer agency fees .35% $0
Fiioc Janus Worldwide T-Janus Services Sub-transfer agency fees .35% $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
Pyramis Core Plus Commingled Pool Pyramis Global Advisors Trust Company DFE: Common/Collective Trust $62,674,166
Total $62,674,166

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Ing USA Annuity & Life Insurance Company 0
EIN 41-0991508
Industry Code 80942
Contract Number IUS0415
Contract Year 01/01/2011 — 12/31/2011
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Guaranteed Investment
Balance at the end of the previous year $0
Additions $2,543,309
Contributions Deposited during the year $2,500,000
Dividends and credits $0
Interest credited during the year $25,998
Transferred from separate account $0
Other $17,311
Total of Balance and Additions $2,543,309
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $2,543,309
Metropolitan Life Insurance Company 0
EIN 13-5581829
Industry Code 65978
Contract Number GAC32295
Contract Year 01/01/2011 — 12/31/2011
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Guaranteed Investment
Balance at the end of the previous year $3,056,758
Additions $67,490
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $55,364
Transferred from separate account $0
Other $12,126
Total of Balance and Additions $3,124,248
Deductions $66,668
Disbursed from fund to pay benefits or purchase annuities during the year $66,668
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $3,057,580
Metropolitan Life Insurance Company 0
EIN 13-5581829
Industry Code 65978
Contract Number GAC32316
Contract Year 01/01/2011 — 12/31/2011
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Guaranteed Investment
Balance at the end of the previous year $2,529,610
Additions $80,500
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $47,032
Transferred from separate account $0
Other $33,468
Total of Balance and Additions $2,610,110
Deductions $49,471
Disbursed from fund to pay benefits or purchase annuities during the year $49,471
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $2,560,639