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FORM 5500 DATA

Applied Materials, Inc. Employee Savings and Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan01/01/1981
  • Net Assets as of 12/31/2014 $2,147,947,150
  • 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 12/31/2014

  • Active (Eligible) Participants7,940
  • Retired or separated participants receiving benefits57
  • Other retired or separated participants entitled to future benefits3,901
  • Subtotal11,898
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits18
  • Total11,916
  • Total number of participants as of 01/01/201411,875
  • Number of participants with account balances11,187
  • 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

  • Address3050 Bowers Ave. M/S 1221
  • CitySanta Clara
  • StateCA
  • Zip95052
  • Telephone(408) 727-5555
  • EIN94-1655526
  • Industry Code334410
  • Named AdministratorBarbara Thompson

Audit Information

  • Audit StatusAudited
  • AuditorArmanino, 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 $350,602,844
Contributions $111,839,889
Cash Contributions $111,839,889
Cash from Employers $32,344,841
Cash from Participants $72,069,065
Others (including rollovers) $7,425,983
Noncash Contributions $0
Total Earnings on Investments $234,725,497
Total Interest $1,004,882
Interest-Bearing Cash $11,321
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $965,367
Interest from Other Investments $28,194
Total Dividends $54,258,238
Preferred Stock $0
Common Stock $6,781,801
Rents $0
Net gain (loss) on sale of assets $4,876,525
Aggregate Proceeds $65,772,931
Aggregate Carrying Amount $60,896,406
Total Unrealized Appreciation (depreciation) of assets $111,991,334
Real Estate $0
Other $111,991,334
Net investment gain (loss) from common/collective trusts $29,253,446
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 $33,341,072
Other Income $4,037,458
Expenses $104,932,102
Total Benefit Payments $105,051,794
Directly to participants or beneficiaries, including direct rollovers $105,051,794
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $16,552
Interest expense $0
Total Administrative Expenses $-136,244
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $-136,244
Net Income $245,670,742
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $2,148,194,992 $1,902,691,468 12.90%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $1,734,435 $1,243,921 39.43%
Employer Contributions $1,734,435 $1,243,921 39.43%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $10,880,653 $11,097,181 -1.95%
Interest-bearing cash $10,880,653 $11,097,181 -1.95%
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 $19,682,691 $19,588,542 0.48%
Value of interest in common/collective trusts $437,779,682 $359,434,749 21.80%
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 $1,053,628,589 $968,715,825 8.77%
Value of funds held in insurance co. general account $0 $2,562,256 0.0%
Other Investments $238,750,984 $247,310,727 -3.46%
Employer-related Investments $385,737,958 $292,738,267 31.77%
Employer Securities $385,737,958 $292,738,267 31.77%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $247,842 $415,060 -40.29%
Benefit Claims Payable (1) $166 $240,975 -99.93%
Operating Payables (1) $247,676 $174,085 42.27%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $2,147,947,150 $1,902,276,408 12.91%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Towers Watson Consulting (general), Other fees Consultant $57,000 $0 $57,000
Callan Associates Consulting (general) Consultant $19,760 $0 $19,760
Armanino LLP Accounting (including auditing) Accountant/Auditor $19,084 $0 $19,084
Fiduciary Benchmarking Inc, Consulting (general) Consultant $10,000 $0 $10,000
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $-139,484 $0 $-139,484
Total $-33,640 $0 $-33,640

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 - Boston Financ Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Growth Stock - T. Rowe Price S 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.

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 $91,243,993
Vftc Target Retire 2030 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $75,154,880
Vftc Target Retire 2025 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $69,345,556
Vftc Target Retire 2035 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $56,465,504
Vftc Target Retire 2020 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $47,612,179
Vftc Target Retire 2040 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $32,995,863
Vftc Target Retire 2045 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $17,172,875
Vftc Target Retire 2015 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $15,818,795
Vftc Retirement Savings Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $10,378,489
Vftc Target Retire 2050 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $9,811,839
Vftc Target Retire 2010 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $6,273,139
Vftc Target Retire 2055 Trust II Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $3,517,836
Vftc Target Retire 2060 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $1,988,734
Total $437,779,682

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Metropolitan Life Insurance Company 0
EIN 13-5581829
Industry Code 65978
Contract Number GAC32316
Contract Year 01/01/2014 — 12/31/2014
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 Unspecified
Balance at the end of the previous year $1,256,780
Additions $16,655
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $16,591
Transferred from separate account $0
Other $64
Total of Balance and Additions $1,273,435
Deductions $1,273,435
Disbursed from fund to pay benefits or purchase annuities during the year $1,273,435
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0
Ing USA Annuity and Life Insurance Company 0
EIN 41-0991508
Industry Code 80942
Contract Number IUS0415
Contract Year 01/01/2014 — 12/31/2014
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 Unspecified
Balance at the end of the previous year $1,305,476
Additions $11,663
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $11,603
Transferred from separate account $0
Other $60
Total of Balance and Additions $1,317,139
Deductions $1,317,139
Disbursed from fund to pay benefits or purchase annuities during the year $1,317,139
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0