Retirement plan

IRIDIUM SATELLITE 401(K) PLAN

Name: IRIDIUM SATELLITE, LLC - IRIDIUM SATELLITE 401(K) PLAN (2021) 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 2021

8440 S RIVER PKWY - TEMPE, AZ 85284480-586-4649

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$121.6M

+20.5% from 2020

Total participants

760

+11.6% from 2020

Average account balance

$176,008

+8.5% from 2020

Annual return

17.29%

-2.48 pp from 2020

Benchmarks

See 566 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort566 peers

Snapshot2021

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 3 by compensation

Provider	Service type	Compensation
INNOVEST PORTFOLIO SOLUTIONS LLC1 year Filed as: INNOVEST PORTFOLIO SOLITIONS LLC Service code 16 4643 S ULSTER ST · DENVER, CO 80237	Consulting	$55,000
T ROWE PRICE RPS INC2 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$25,291
TULL FORSBERG & OLSON1 year Service code 10 5225 N CENTRAL AVE · PHOENIX, AZ 85012	Accounting	$9,450

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

$90K

$154 / participant

Other / not subdivided$90K100.0%

% of EOY assets

0.074%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TULL, FORSBERG & OLSON PLLC
Auditor EIN: 860130568
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$176,008

$87,125+102.0%

$108,405+62.4%

$86,821+102.7%

Participation rate

88.2%

80.5%+7.7pp

80.1%+8.1pp

72.3%+15.9pp

Annual return

17.29%

25.21%-7.9pp

905.55%-888.3pp

97.94%-80.7pp

Employer contribution / active EE

$5,940

$2,477+139.8%

$3,559+66.9%

$2,406+146.9%

Participant deferral / active EE

$12,134

$6,944+74.7%

$6,563+84.9%

$4,132+193.7%

Admin fee / account holder

$130

$130+0.1%

$7,297-98.2%

$170-23.2%

Provider

Service type

Compensation

INNOVEST PORTFOLIO SOLUTIONS LLC1 year

Filed as: INNOVEST PORTFOLIO SOLITIONS LLC

Service code 16

4643 S ULSTER ST · DENVER, CO 80237

Consulting

$55,000

T ROWE PRICE RPS INC2 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$25,291

TULL FORSBERG & OLSON1 year

Service code 10

5225 N CENTRAL AVE · PHOENIX, AZ 85012

Accounting

$9,450

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