401(k) · DOL Form 5500 · 2023

Varian Medical Systems, Inc. 401(k) Plan

Data updated 2026-08-11

$1.4B
Total assets
3,735
Participants
99th
Percentile by assets
$372,423
Avg per participant
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Official DOL plan name: Varian Medical Systems, Inc. Retirement Plan · Sponsored by Varian Medical Systems, Inc. · California · Manufacturing

$1.4B in assets, 3,735 participants

Varian Medical Systems, Inc.'s Varian Medical Systems, Inc. Retirement Plan reported $1.4B in total assets and 3,735 participants in its 2023 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 99th percentile by assets (of 127,072 plans)
  • #18,372 in Manufacturing (18,722 peers)

Coverage in California

Varian Medical Systems, Inc. Retirement Plan covers 3,735 participants in California, 5.9x the typical California plan (state average ~630 per filing). Assets: $1.4B.

$1.4B
total plan assets (2023 EOY)
3,735
covered participants
99th
percentile by assets (of 127,072 plans)
$372,423
avg assets per participant

Where Varian Medical Systems, Inc. Retirement Plan sits by total assets

Varian Medical Systems, Inc. Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,390,998,248 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Varian Medical Systems, Inc. Retirement Plan reported net income rose from -$325M in the plan year 2022 filing to $222M in the plan year 2023 filing.
  • Varian Medical Systems, Inc. Retirement Plan end-of-year assets rose from $1.2B in the plan year 2022 filing to $1.4B in the plan year 2023 filing.
  • Varian Medical Systems, Inc. Retirement Plan reported participants rose from 3,468 in the plan year 2022 filing to 3,735 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
California
Industry
Manufacturing

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. Varian Medical Systems, Inc. Retirement Plan reports 3,735 participants - 5.9x that state average ($1.4B EOY assets).

California filing particulars

Total Assets (Beginning of Year)$1.2B
Net Assets (End of Year)$1.4B
Net Income$222M
Employer EIN942359345
Plan Effective Date1955-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Varian Medical Systems, Inc.)

$-0.5B$0B$0.5B$1B$1.5B$2B 202220232024 $1.17B $0B ▼ -100.0%
Total plan assets by year, all Varian Medical Systems, Inc. plans on file
Year Plans Participants Total Assets
2022 1 3,468 $1.2B
2023 1 3,735 $1.4B
2024 1 3,851 N/A

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Varian Medical Systems, Inc. Retirement Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Varian Medical Syste…, Total assets ($B): 1.390998248 · Participants: 3735Varian Medical Syste…Wells Fargo & Compan…, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Compan…Google LLC 401(k) Sa…, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Sa…Oracle Corporation 4…, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 4…Intel 401(k) Savings…, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings…Apple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Varian Medical Systems, Inc. Retirement Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Varian Medical Systems, Inc. Retirement … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Varian Medical Systems, Inc. Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Varian Medical Systems, Inc. Retirement Plan assets move in 2023? ▼
Varian Medical Systems, Inc. Retirement Plan grew sharply - up 19.0% during 2023, from $1.2B to $1.4B. Reported net income was $222M.
Where does Varian Medical Systems, Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Varian Medical Systems, Inc. Retirement Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Varian Medical Systems, Inc. Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Meijer 401(k) Retirement Plan I in MI ($1.4B, 31,708 participants).

Next read for Varian Medical Systems, Inc. Retirement …

Filing takeaways

Ways to act on Varian Medical Systems, Inc. Retirement Plan's numbers.

  • By total assets, Varian Medical Systems, Inc. Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in California. Compare plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 942359345.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.