Retirement plan

INTUITIVE SURGICAL, INC. 401(K) PLAN

Name: INTUITIVE SURGICAL, INC. - INTUITIVE SURGICAL, INC. 401(K) PLAN (2023) 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 2023

1020 KIFER ROAD - 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)

$823.2M

-20.7% from 2016

Total participants

9,096

-14.8% from 2016

Average account balance

$104,761

-7.4% from 2016

Annual return

25.25%

-10.78 pp from 2016

Benchmarks

See 138 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort138 peers

Snapshot2023

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 15 · EIN 84-0467907	Recordkeeping	$312,133
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$189,302
ILLUMINATE FINANCIAL3 years Service code 71 · EIN 47-4697046	Brokerage Fees	$6,273
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO INC Service code 26 · EIN 94-1737782	Advisory (Participants)	$181
TD AMERITRADE, INC.5 years Service code 33	Shareholder servicing fees; Securitie...	$14
CHARLES SCHWAB & CO., INC.1 year Service code 59	Shareholder Servicing	$0
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$0

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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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

$503K

$62 / participant

Recordkeeping$312K62.0%
Investment mgmt$189K37.6%
Other / not subdivided$2K0.4%

% of EOY assets

0.061%

all-in expense ratio

Categories reported

2 / 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: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,761

$118,464-11.6%

$96,564+8.5%

$103,657+1.1%

Participation rate

84.7%

89.0%-4.3pp

76.0%+8.7pp

73.4%+11.3pp

Annual return

25.25%

18.79%+6.5pp

25.89%-0.6pp

33.13%-7.9pp

Employer contribution / active EE

$1,324

$4,210-68.6%

$2,967-55.4%

$3,216-58.8%

Participant deferral / active EE

$10,916

$7,277+50.0%

$4,852+125.0%

$5,218+109.2%

Admin fee / account holder

$64

$81-21.0%

$8,256-99.2%

$114-43.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 15 · EIN 84-0467907

Recordkeeping

$312,133

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$189,302

ILLUMINATE FINANCIAL3 years

Service code 71 · EIN 47-4697046

Brokerage Fees

$6,273

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO INC

Service code 26 · EIN 94-1737782

Advisory (Participants)

$181

TD AMERITRADE, INC.5 years

Service code 33

Shareholder servicing fees; Securitie...

$14

CHARLES SCHWAB & CO., INC.1 year

Service code 59

Shareholder Servicing

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

INTUITIVE SURGICAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTUITIVE SURGICAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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