Retirement plan

INTUITIVE SURGICAL, INC. 401(K) PLAN

Name: INTUITIVE SURGICAL, INC. - INTUITIVE SURGICAL, INC. 401(K) PLAN (2021) Form 5500
Creator: INTUITIVE SURGICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTUITIVE SURGICAL, INC. 401(K) PLAN, INTUITIVE SURGICAL, INC.

INTUITIVE SURGICAL, INC.EIN 77-0416458Plan #001PY 2021

1266 KIFER ROAD STREET 101 - SUNNYVALE, CA 94086408-523-8065LinkedIn51-200 employeeshealth, wellness and fitness

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$676.5M

-20.7% from 2016

Total participants

6,958

-14.8% from 2016

Average account balance

$115,664

-7.4% from 2016

Annual return

18.15%

-10.78 pp from 2016

Benchmarks

See 127 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort127 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.04B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$122K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

8,568

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$111.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.40%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$78

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 · EIN 84-0467907	Recordkeeping Fees	$256,139
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$117,867
ILLUMINATE FINANCIAL1 year Service code 71 3RD FLOOR 160 VARICK STREET · NEW YORK, NY 10013	Brokerage Fees	$6,732
TD AMERITRADE, INC.3 years Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage; Shareholder ser...	$126

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of 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
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect 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 to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$375K

$60 / participant

Investment mgmt$118K31.5%
Other / not subdivided$257K68.5%

% of EOY assets

0.055%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,664

$134,619-14.1%

$111,319+3.9%

$101,555+13.9%

Participation rate

82.3%

89.0%-6.7pp

77.3%+5.0pp

74.5%+7.7pp

Annual return

18.15%

17.96%+0.2pp

54.68%-36.5pp

21.00%-2.9pp

Employer contribution / active EE

$1,289

$3,829-66.3%

$2,732-52.8%

$2,972-56.6%

Participant deferral / active EE

$9,553

$6,572+45.4%

$4,488+112.9%

$4,874+96.0%

Admin fee / account holder

$64

$86-25.8%

$7,966-99.2%

$139-54.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$256,139

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$117,867

ILLUMINATE FINANCIAL1 year

Service code 71

3RD FLOOR 160 VARICK STREET · NEW YORK, NY 10013

Brokerage Fees

$6,732

TD AMERITRADE, INC.3 years

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage; Shareholder ser...

$126

INTUITIVE SURGICAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTUITIVE SURGICAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion