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FORM 5500 DATA

Avago Technologies U.S. Inc. 401k Plan

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan07/01/1985
  • Net Assets as of 12/31/2016 $2,683,808,854
  • 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?Yes
  • Report Description This is an amended report.
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2016

  • Active (Eligible) Participants3,793
  • Retired or separated participants receiving benefits113
  • Other retired or separated participants entitled to future benefits4,180
  • Subtotal8,086
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits58
  • Total8,144
  • Total number of participants as of 01/01/20168,599
  • Number of participants with account balances7,937
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested3

Expenses

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

Sponsor Information

  • Address1320 Ridder Park Drive
  • CitySan Jose
  • StateCA
  • Zip95131
  • Telephone(408) 433-8000
  • EIN20-3387670
  • Industry Code334410
  • Named AdministratorCarine Stouffer

Audit Information

  • Audit StatusAudited
  • AuditorMarcum LLP
  • Auditor EIN11-1986323
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

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? Yes $1,668,583
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 $10,000,000
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 $2,045
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 $173,018,111
Contributions $76,481,439
Cash Contributions $76,481,439
Cash from Employers $25,995,191
Cash from Participants $44,913,078
Others (including rollovers) $5,573,170
Noncash Contributions $0
Total Earnings on Investments $96,042,011
Total Interest $413,906
Interest-Bearing Cash $117,720
U.S. Government Securities $656
Corporate Debt Instruments $8,118
Loans (other than to participants) $0
Participant Loans $287,412
Interest from Other Investments $0
Total Dividends $22,820,838
Preferred Stock $148
Common Stock $273,577
Rents $0
Net gain (loss) on sale of assets $353,396
Aggregate Proceeds $49,805,445
Aggregate Carrying Amount $49,452,049
Total Unrealized Appreciation (depreciation) of assets $892,627
Real Estate $0
Other $892,627
Net investment gain (loss) from common/collective trusts $25,719,223
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 $45,842,021
Other Income $494,661
Expenses $107,455,146
Total Benefit Payments $107,267,921
Directly to participants or beneficiaries, including direct rollovers $107,267,921
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $7,512
Certain deemed distributions of participant loans $19,438
Interest expense $0
Total Administrative Expenses $160,275
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $160,275
Net Income $65,562,965
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $2,683,808,854 $1,395,054,565 92.38%
Total noninterest-bearing cash $0 $39,499 -100.00%
Receivables $1,224,912,092 $1,876,758 65167.45%
Employer Contributions $875,668 $935,535 -6.40%
Participant Contributions $845,100 $941,223 -10.21%
Other Contributions $1,223,191,324 $0 0.0%
General Investments $68,049,548 $54,277,649 25.37%
Interest-bearing cash $68,023,805 $54,252,108 25.38%
U.S. Government Securities $25,743 $25,541 0.79%
Corporate Debt Instruments $157,202 $120,955 29.97%
Preferred $0 $0 0.0%
All Other $157,202 $120,955 29.97%
Corporate Stocks $18,129,992 $13,961,814 29.85%
Preferred $40,811 $0 0.0%
Common $18,089,181 $13,961,814 29.56%
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 $6,767,218 $7,043,426 -3.92%
Value of interest in common/collective trusts $934,677,265 $395,697,982 136.21%
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 $431,098,543 $921,936,654 -53.24%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $16,994 $99,828 -82.98%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $2,683,808,854 $1,395,054,565 92.38%

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 $-324,054 $0 $-324,054
Total $-324,054 $0 $-324,054

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Wasatch Long/Short Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Smi Dynamic Allocation Fund Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Sound Mind Investing Fund Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Undiscovered Mgrs Behavior Value Cl Sub-transfer agency fees 0.07% $0
Fidelity Investments Institutional Tweedy Browne Global Value Fund Sub-transfer agency fees $25.00 $0
Fidelity Investments Institutional Thornburg Ltd Term Income Class I Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Thompson Bond Fund Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Third Avenue Focusedcredit Fund Ins Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Third Avenue Real Estate Value Inst Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Tcw Total Return Bond Class N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Stoneridge Alterntv Lending Risk Pr Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Ave Maria Rising Dividend Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Ave Maria Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Rydex Inverse S&P 500 2X Strategy C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Rydex Biotechnology Inv Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Rydex Inverse Nasdaq 100 Strategy I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Rydex Inverse S&P 500 Strategy Inv Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Cap Appreciation Sub-transfer agency fees 0.04% $0
Fidelity Investments Institutional Pimco Income Fund Cl D Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Perritt Microcap Opportunities Fd Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Real Return Class D Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Foreign Bond Us Dollar Hedged Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Oppenheimer Global Opportunities Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Oppenheimer Senior Floating Rate Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pacific Financ Flex Grwth Income Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pacific Financial Dynamic Alloc Inv Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Core Equity Fund Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Explorer Fund Investor Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Strategic Conservative Invst Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Neuberger Berman Midcap Intrnsc Val Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Catalyst Dynamic Alpha Fund Class A Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Motley Fool Epic Voyage Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Motley Fool Independence Fd Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Global Opportunity A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Metropolitan West Intermed Bond Fun Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Loomis Sayles Bond Instl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Lazard Global Listed Infrastructe I Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Janus Balanced Fund Class T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Overseas Fund Class T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Enterprise Fund Class T Share Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Global Life Sciences Fund Cl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Contrarian Fund Class T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Icon Healthcare Cl S Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Homestead Small Company Stock Fd Sub-transfer agency fees 0.12% $0
Fidelity Investments Institutional Highland Global Allo Cation Fd Cl Y Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Oakmark Select I Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Oakmark Internatl Small Cap I Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Oakmark Equity & Income Fd I Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Oakmark International Cl I Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Glenmede Large Cap Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Gabelli Utilities Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Fund*X Upgrader Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Seafarer Overseas Growth & Income I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Eaton Vance Floatingrate Advantage Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Doubleline Total Rt Bond Fd Cl N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Doubleline Total Return Bond Fd Cl Sub-transfer agency fees 0.05% $0
Fidelity Investments Institutional Artisan Intl Value Fund Inv Cl Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Amer Century Zero Coupon 2025 Invt Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Aqr Managed Futures Fund Cl I Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Aqr Equity Market Neutral Fd Cl I Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Gs Sm Cap Value Inst - Goldman, Sa Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Wf Discovery Is - Boston Financial 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

Name Nature of Service Description of Information

Service Providers Who Fail or Refuse to Provide Information

Termination Information on Accountants and Enrolled Actuaries

Name Position Explanation
Zajac Group Moved To A Different Firm (Marcum LLP) as Zajac Group Is No Longer Providing These Services.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Vanguard Target Ret Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $228,131,966
Fid Contrafund Pool Fidelity Management Trust Company DFE: Common/Collective Trust $173,963,659
Fid Growth Co Pool Fidelity Management Trust Company DFE: Common/Collective Trust $110,069,168
Vanguard Target 2025 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $99,078,304
Vanguard Target 2030 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $83,008,223
Vanguard Target 2020 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $65,950,625
Vanguard Target 2035 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $61,053,178
Vanguard Target 2040 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $41,138,362
Vanguard Target 2015 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $20,224,303
Vanguard Target 2045 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $18,628,823
Vanguard Target 2050 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $12,183,401
Vanguard Target 2010 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $9,758,943
Vanguard Target Ret Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $6,005,849
Vanguard Target 2055 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $5,127,888
Vanguard Target 2060 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $354,573
Total $934,677,265

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.