Retirement plan

INMARSAT 401(K) RETIREMENT SAVINGS PLAN

Name: INMARSAT, INC. - INMARSAT 401(K) RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: INMARSAT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INMARSAT 401(K) RETIREMENT SAVINGS PLAN, INMARSAT, INC.

INMARSAT, INC.EIN 52-2181563Plan #001PY 2019

1441 L STREET N.W., SUITE 610 - WASHINGTON, DC 20005337-761-3546

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$44.8M

+13.8% from 2018

Total participants

308

-5.5% from 2018

Average account balance

$150,969

+19.5% from 2018

Annual return

20.78%

+24.30 pp from 2018

Benchmarks

See 905 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort905 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.71M

Not enough data

1 years with asset history on file

Average account balance

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

$249K

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.

208

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+12.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$348

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 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.5+ years Service code 15 · EIN 23-1945930	Recordkeeping	$44,666
ARSEMENT REDD & MORELLA LLC1 year Service code 99 · EIN 72-1287807	Other Fees	$44,339
KESTRA INVESTMENT SERVICES LLC2 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 16 · EIN 35-2552359	Consulting	$20,000
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ SAVITZ Service code 16 · EIN 31-1582098	Consulting	$12,638

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3F3H

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return 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).

Expense breakdown

Schedule H Part II

Admin total

$122K

$844 / participant

Other / not subdivided$122K100.0%

% of EOY assets

0.271%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BERNARD ROBINSON & COMPANY
Auditor EIN: 560571159
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$150,969

$58,655+157.4%

$91,994+64.1%

$65,186+131.6%

Participation rate

92.4%

75.3%+17.1pp

78.6%+13.7pp

70.2%+22.2pp

Annual return

20.78%

33.92%-13.1pp

69.04%-48.3pp

29.39%-8.6pp

Employer contribution / active EE

$5,808

$2,080+179.2%

$3,453+68.2%

$2,177+166.8%

Participant deferral / active EE

$9,979

$5,474+82.3%

$5,924+68.5%

$3,514+184.0%

Admin fee / account holder

$409

$434-5.7%

$7,744-94.7%

$847-51.7%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.5+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$44,666

ARSEMENT REDD & MORELLA LLC1 year

Service code 99 · EIN 72-1287807

Other Fees

$44,339

KESTRA INVESTMENT SERVICES LLC2 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 16 · EIN 35-2552359

Consulting

$20,000

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ SAVITZ

Service code 16 · EIN 31-1582098

Consulting

$12,638

INMARSAT 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INMARSAT 401(K) RETIREMENT SAVINGS 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