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FORM 5500 DATA

Applied Materials, Inc. Employee Savings and Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1981
  • Net Assets as of 12/31/2017 $2,969,537,898
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants8,947
  • Retired or separated participants receiving benefits70
  • Other retired or separated participants entitled to future benefits3,177
  • Subtotal12,194
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits17
  • Total12,211
  • Total number of participants as of 01/01/201711,818
  • Number of participants with account balances11,706
  • 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 AdministratorTes Fernandez

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? Yes $35
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 $736,957,240
Contributions $143,672,565
Cash Contributions $143,672,565
Cash from Employers $41,191,556
Cash from Participants $93,789,899
Others (including rollovers) $8,691,110
Noncash Contributions $0
Total Earnings on Investments $588,021,607
Total Interest $1,261,926
Interest-Bearing Cash $103,384
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,158,542
Interest from Other Investments $0
Total Dividends $24,923,972
Preferred Stock $0
Common Stock $5,855,702
Rents $0
Net gain (loss) on sale of assets $69,279,764
Aggregate Proceeds $255,142,361
Aggregate Carrying Amount $185,862,597
Total Unrealized Appreciation (depreciation) of assets $130,101,357
Real Estate $0
Other $130,101,357
Net investment gain (loss) from common/collective trusts $243,948,505
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 $118,506,083
Other Income $5,263,068
Expenses $194,833,800
Total Benefit Payments $194,012,692
Directly to participants or beneficiaries, including direct rollovers $194,012,692
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $10,741
Certain deemed distributions of participant loans $58,140
Interest expense $0
Total Administrative Expenses $752,227
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $752,227
Net Income $542,123,440
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 $2,970,349,842 $2,427,650,803 22.35%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $3,133,090 $2,525,534 24.06%
Employer Contributions $3,133,090 $2,525,534 24.06%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $6,893,654 $18,758,637 -63.25%
Interest-bearing cash $6,893,654 $18,758,637 -63.25%
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 $22,306,202 $21,077,882 5.83%
Value of interest in common/collective trusts $1,418,430,327 $1,025,467,374 38.32%
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 $771,449,312 $625,379,322 23.36%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $395,208,034 $387,572,781 1.97%
Employer-related Investments $352,929,223 $346,869,273 1.75%
Employer Securities $352,929,223 $346,869,273 1.75%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $811,944 $236,345 243.54%
Benefit Claims Payable (1) $462,562 $0 0.0%
Operating Payables (1) $349,382 $236,345 47.83%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $2,969,537,898 $2,427,414,458 22.33%

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
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $746,906 $0 $746,906
Total $746,906 $0 $746,906

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
*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
Fid Contrafund Pool Fidelity Management Trust Company DFE: Common/Collective Trust $238,110,549
Trp Grth Stk Trust B T. Rowe Price Trust Company DFE: Common/Collective Trust $197,025,719
Fid Growth Co Pool Fidelity Management Trust Company DFE: Common/Collective Trust $166,785,244
Vanguard Target 2030 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $157,511,348
Vanguard Target 2025 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $146,309,834
Fiam Core Plus Cl F Fiam Trust Company DFE: Common/Collective Trust $122,863,547
Vanguard Target 2035 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $114,665,606
Vanguard Target 2020 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $74,910,296
Vanguard Target 2040 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $68,446,515
Vanguard Target 2045 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $38,779,778
Vanguard Target 2050 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $24,993,120
Vanguard Target Ret Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $23,130,812
Vanguard Target 2015 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $21,883,566
Vanguard Target 2055 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $14,996,918
Vanguard Target 2060 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $7,640,297
Vanguard Target 2065 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $377,178
Vanguard Target 2010 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $0
Total $1,418,430,327

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.