Plan Ledger DOL Form 5500 · updated monthly

Intuitive Surgical, Inc.401(k)

INTUITIVE SURGICAL, INC. 401(K) PLAN · SUNNYVALE, CA · plan year 2024

Reported admin expense ratio · 2024
0.07%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Intuitive Surgical, Inc. reported $671,180 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $1,763 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.072%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 131st-largest of 9,483 plans among California employers on file, and the 318th of 13,661 in manufacturing. In 2024, employees put in $6.24 for every $1.00 the employer contributed; active participation has grown from 7,518 to 8,736 since 2022.

Plan summary
Net assets, end of year$1,041,373,657
Participants with balances8,568
Active participants8,736
Employer contributions$15,398,577
Employee contributions$96,137,380
Employer contribution per active participant$1,763
Average account balance$121,542
Benefits paid to participants$53,107,689
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.0B · 8,568 accts · $15.4M emplr
2023$823.2M · 7,858 accts · $10.7M emplr
2022$607.4M · 7,090 accts · $9.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$399,804
Investment management$268,826
Total administrative$671,180
The Intuitive Surgical, Inc. 401(k) match · 2024
Employer contribution per active participant$1,763
Median for plans this size$4,294
2024$1,763 per active participant
2023$1,324 per active participant
2022$1,317 per active participant

Intuitive Surgical, Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
EMPOWER ANNUITY INS CO OF AMERICA · Recordkeeping · Loan processing$399,804
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$268,826
ALUMAN INC · Investment advisory (participants)$6,004
CHARLES SCHWAB & CO., INC. · Investment advisory (participants) · Securities brokerage$1,209

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$671,180 · 0.07%
2023$503,235 · 0.07%
2022$456,402 · 0.07%
Same employer
Similar plansManufacturing · California
Viasat, Inc. CA$1.2B · 0.09%
Trimble Inc. CA$1.1B · 0.07%
Levi Strauss & Co. CA$1.0B · 0.05%
Viavi Solutions Inc. CA$728.6M · 0.05%
Biomarin Pharmaceutical Inc. CA$715.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770416458 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.