Retirement plan

IRIDIUM SATELLITE 401(K) PLAN

Name: IRIDIUM SATELLITE, LLC - IRIDIUM SATELLITE 401(K) PLAN (2022) 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 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$106.7M

-12.2% from 2021

Total participants

884

+16.3% from 2021

Average account balance

$137,011

-22.2% from 2021

Annual return

-17.03%

-34.31 pp from 2021

Benchmarks

See 605 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort605 peers

Snapshot2022

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
T ROWE PRICE RPS INC3 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$62,935
INNOVEST PORTFOLIO SOLUTIONS LLC2 years Filed as: INNOVEST PORTFOLIO SOLITIONS LLC Service code 16 4643 S ULSTER ST · DENVER, CO 80237	Consulting	$55,000
TULL FORSBERG & OLSON2 years Service code 10 5225 N CENTRAL AVE · PHOENIX, AZ 85012	Accounting	$10,038

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$128K

$176 / participant

Other / not subdivided$128K100.0%

% of EOY assets

0.120%

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

$137,011

$64,612+112.1%

$86,451+58.5%

$64,824+111.4%

Participation rate

85.6%

81.5%+4.1pp

80.3%+5.3pp

71.5%+14.1pp

Annual return

-17.03%

0.66%-17.7pp

4398.51%-4415.5pp

32.84%-49.9pp

Employer contribution / active EE

$5,425

$2,744+97.7%

$3,770+43.9%

$2,507+116.4%

Participant deferral / active EE

$11,035

$7,497+47.2%

$6,953+58.7%

$4,311+156.0%

Admin fee / account holder

$165

$169-2.6%

$6,734-97.6%

$188-12.3%

Provider

Service type

Compensation

T ROWE PRICE RPS INC3 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$62,935

INNOVEST PORTFOLIO SOLUTIONS LLC2 years

Filed as: INNOVEST PORTFOLIO SOLITIONS LLC

Service code 16

4643 S ULSTER ST · DENVER, CO 80237

Consulting

$55,000

TULL FORSBERG & OLSON2 years

Service code 10

5225 N CENTRAL AVE · PHOENIX, AZ 85012

Accounting

$10,038

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