Retirement plan

IRIDIUM SATELLITE 401(K) PLAN

Name: IRIDIUM SATELLITE, LLC - IRIDIUM SATELLITE 401(K) PLAN (2020) 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 2020

2030 EAST ASU CIRCLE - TEMPE, AZ 85284480-752-3488

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$100.9M

+25.9% from 2019

Total participants

681

+8.8% from 2019

Average account balance

$162,271

+18.0% from 2019

Annual return

19.77%

-7.32 pp from 2019

Benchmarks

See 523 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort523 peers

Snapshot2020

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 6 by compensation

Provider	Service type	Compensation
INNOVEST PORTFOLIO SOLUTIONS LLC2 years Filed as: INNOVEST PORTFOLIO SOLUTIONS, LLC Service code 15 · EIN 84-1612955	Recordkeeping	$41,213
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$37,146
T ROWE PRICE RPS INC1 year Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$10,515
TULL FORSBERG & OLSON1 year Filed as: TULL, FORSBERG & OLSON PLLC Service code 10 · EIN 86-0130568	Accounting	$9,450
RELIANCE TRUST COMPANY1 year Filed as: RELIANCE TRUST Service code 21 1100 ABERNATHY RD · ATLANTA, GA 30328	Bank Trustee	$296
ADP BROKER-DEALER6+ 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

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

$98K

$171 / participant

Investment mgmt$41K41.9%
Other / not subdivided$57K58.1%

% of EOY assets

0.097%

all-in expense ratio

Categories reported

1 / 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

$162,271

$78,781+106.0%

$100,535+61.4%

$73,412+121.0%

Participation rate

89.8%

80.0%+9.7pp

79.4%+10.3pp

72.2%+17.6pp

Annual return

19.77%

31.69%-11.9pp

30.90%-11.1pp

59.30%-39.5pp

Employer contribution / active EE

$6,471

$2,420+167.4%

$3,419+89.3%

$2,234+189.7%

Participant deferral / active EE

$12,501

$6,537+91.2%

$6,271+99.3%

$3,806+228.5%

Admin fee / account holder

$158

$145+8.8%

$8,085-98.0%

$158+0.1%

Provider

Service type

Compensation

INNOVEST PORTFOLIO SOLUTIONS LLC2 years

Filed as: INNOVEST PORTFOLIO SOLUTIONS, LLC

Service code 15 · EIN 84-1612955

Recordkeeping

$41,213

ADP BROKER-DEALER1 year

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$37,146

T ROWE PRICE RPS INC1 year

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$10,515

TULL FORSBERG & OLSON1 year

Filed as: TULL, FORSBERG & OLSON PLLC

Service code 10 · EIN 86-0130568

Accounting

$9,450

RELIANCE TRUST COMPANY1 year

Filed as: RELIANCE TRUST

Service code 21

1100 ABERNATHY RD · ATLANTA, GA 30328

Bank Trustee

$296

ADP BROKER-DEALER6+ 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