Retirement plan

IRIDIUM SATELLITE 401(K) PLAN

Name: IRIDIUM SATELLITE LLC - IRIDIUM SATELLITE 401(K) PLAN (2019) Form 5500
Creator: IRIDIUM SATELLITE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRIDIUM SATELLITE 401(K) PLAN, IRIDIUM SATELLITE LLC

IRIDIUM SATELLITE LLCEIN 54-2000237Plan #001PY 2019

2030 EAST ASU CIRCLE - TEMPE, AZ 85284480-752-1122

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$80.2M

+33.2% from 2018

Total participants

626

+9.2% from 2018

Average account balance

$137,544

+22.3% from 2018

Annual return

27.09%

+32.15 pp from 2018

Benchmarks

See 531 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort531 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$173.51M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

1,150

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+21.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$119

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER5+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$53,400
INNOVEST PORTFOLIO SOLUTIONS LLC1 year Filed as: INNOVEST PORTFOLIO SOLUTIONS, LLC Service code 15 · EIN 84-1612955	Recordkeeping	$29,561
CBIZ RETIREMENT PLAN SERVICES3 years Filed as: CBIZ FINANCIAL SOLUTIONS INC Service code 15 · EIN 52-1396995	Recordkeeping	$28,425
ADP BROKER-DEALER5+ years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$111K

$205 / participant

Investment mgmt$58K52.1%
Contract admin$53K47.9%

% of EOY assets

0.139%

all-in expense ratio

Categories reported

2 / 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: TULL, FORSBERG & OLSON PLLC
Auditor EIN: 860130568
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,544

$69,231+98.7%

$91,994+49.5%

$67,582+103.5%

Participation rate

92.1%

78.9%+13.2pp

78.6%+13.5pp

71.3%+20.8pp

Annual return

27.09%

32.03%-4.9pp

69.04%-42.0pp

378.57%-351.5pp

Employer contribution / active EE

$6,362

$2,284+178.5%

$3,453+84.3%

$2,148+196.2%

Participant deferral / active EE

$12,145

$5,854+107.5%

$5,924+105.0%

$3,539+243.1%

Admin fee / account holder

$191

$107+77.9%

$7,744-97.5%

$142+34.3%

Provider

Service type

Compensation

ADP BROKER-DEALER5+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$53,400

INNOVEST PORTFOLIO SOLUTIONS LLC1 year

Filed as: INNOVEST PORTFOLIO SOLUTIONS, LLC

Service code 15 · EIN 84-1612955

Recordkeeping

$29,561

CBIZ RETIREMENT PLAN SERVICES3 years

Filed as: CBIZ FINANCIAL SOLUTIONS INC

Service code 15 · EIN 52-1396995

Recordkeeping

$28,425

ADP BROKER-DEALER5+ years

Service code 59 · EIN 22-3319984

Shareholder Servicing

IRIDIUM SATELLITE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRIDIUM SATELLITE 401(K) 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