Employers › Intuitive Surgical
Recordkeeping fees per participant · Intuitive Surgical, Inc. 401(k) Plan · plan year 2024
$46.66
Higher than 79% of the 790 plans over $1B that report it.
= $399,804 / 8,568
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250702120650NAL0007298851001, received 2025-07-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250702120650NAL0007298851001, received 2025-07-02
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-02.
Administrative expenses excluding investment management, per participant
$46.96
Higher than 54% of the 1,045 plans over $1B that report it.
= $402,354 / 8,568
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250702120650NAL0007298851001, received 2025-07-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250702120650NAL0007298851001, received 2025-07-02
Administrative expenses per participant
$78.34
Higher than 57% of the 1,076 plans over $1B that report it.
= $671,180 / 8,568
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250702120650NAL0007298851001, received 2025-07-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250702120650NAL0007298851001, received 2025-07-02
Administrative expenses as a share of assets
0.064%
Higher than 68% of the 1,076 plans over $1B that report it.
= $671,180 / $1,041,373,657
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250702120650NAL0007298851001, received 2025-07-02
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250702120650NAL0007298851001, received 2025-07-02
Employer contributions per participant
$1,797
Higher than 14% of the 1,135 plans over $1B that report it.
= $15,398,577 / 8,568
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250702120650NAL0007298851001, received 2025-07-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250702120650NAL0007298851001, received 2025-07-02
Employer share of total contributions
11.3%
Higher than 3% of the 1,135 plans over $1B that report it.
= $15,398,577 / $135,876,979
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250702120650NAL0007298851001, received 2025-07-02
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250702120650NAL0007298851001, received 2025-07-02
Employer match
“The Company matches 200% of employee contributions up to $2,000 per calendar year per person.”
Form 10-K filed 2026-02-03, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Vesting
“All matching employer contributions vest immediately.”
Form 10-K filed 2026-02-03, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250702120650NAL0007298851001, received 2025-07-02
| Field | Value | Source |
|---|---|---|
| Plan sponsor | INTUITIVE SURGICAL, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Plan name | INTUITIVE SURGICAL, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Sponsor EIN / plan number | 77-0416458 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Sponsor location | SUNNYVALE, CA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Industry (business code) | 339110, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Filing received | 2025-07-02 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Participants, beginning of year | 9,102 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Active participants | 8,736 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Participants, end of year | 9,821 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Participants with an account balance | 8,568 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Total assets, beginning of year | $823,214,357 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Total assets, end of year | $1,041,373,657 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Net assets, end of year | $1,041,373,657 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Total income | $272,112,467 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Net income | $218,159,300 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Employer contributions | $15,398,577 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Participant contributions | $96,137,380 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Other contributions (incl. rollovers) | $24,341,022 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Total contributions | $135,876,979 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Benefit payments | $53,107,689 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Total expenses (incl. benefit payments) | $53,953,167 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Total administrative expenses | $671,180 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Recordkeeping fees | $399,804 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Investment advisory and management fees | $268,826 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Administrative expenses excluding investment management | $402,354 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Held in common/collective trusts | $367,564,965 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Held in mutual funds | $530,711,262 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250702120650NAL0007298851001, received 2025-07-02 |
| Independent auditor | MOSS ADAMS, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250702120650NAL0007298851001, received 2025-07-02 |
Position = column in the DOL layout for form year 2024. Filing 20250702120650NAL0007298851001, received 2025-07-02.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICArecordkeeper | NONE | 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $399,804 | yes |
| EMPOWER ADVISORY GROUP, LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $268,826 | no |
| ALUMAN INC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $6,004 | yes |
| CHARLES SCHWAB & CO., INC. | NONE | 26 Investment advisory (participants); 33 Securities brokerage; 50 Direct payment from the plan; 59 Shareholder servicing fees; 71 Securities brokerage commissions and fees | $1,209 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250702120650NAL0007298851001, received 2025-07-02.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $823,214,357 | $1,041,373,657 | 26.5% |
| Participants with a balance | 7,858 | 8,568 | 9.0% |
| Administrative expenses | $503,235 | $671,180 | 33.4% |
| Recordkeeping fees per participant | $39.72 | $46.66 | 17.5% |
| Employer contributions | $10,713,106 | $15,398,577 | 43.7% |
Prior filing 20241008184154NAL0009988275001, received 2024-10-08; the plan years are contiguous.
Sponsor name as filed: INTUITIVE SURGICAL, INC.; SEC registrant: INTUITIVE SURGICAL INC (CIK 1035267, matched by EIN; display name from the Form 10-K cover).