Retirement plan

INFINERA 401(K) PLAN

Name: INFINERA CORPORATION - INFINERA 401(K) PLAN (2017) Form 5500
Creator: INFINERA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INFINERA 401(K) PLAN, INFINERA CORPORATION

INFINERA CORPORATIONEIN 77-0560433Plan #001PY 2017

140 CASPIAN COURT - SUNNYVALE, CA 94089408-572-5293infinera.comLinkedIn1001-5000 employeestelecommunications

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$145.9M

-22.5% from 2016

Total participants

1,445

-10.5% from 2016

Average account balance

$108,957

-9.9% from 2016

Annual return

21.18%

-11.86 pp from 2016

Benchmarks

See 786 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort786 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$359.94M

Not enough data

1 years with asset history on file

Average account balance

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

$208K

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.

1,733

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25.36M

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

+15.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$123

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
SAGE ADVISORY SERVICES1 year Filed as: SAGE VIEW Service code 16 · EIN 33-0818667	Consulting	$78,000
SILICON VALLEY ACCOUNTANCY CORP1 year Filed as: SILICON VALLEY ACCOUNTANCY Service code 16 · EIN 77-0573994	Consulting	$7,074
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	-$54,403

Plan features & details

Pension benefit codes2F2G2J2T3D2R

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$16K

$14 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.011%

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: SILICON VALLEY ACCOUNTANCY CORP
Auditor EIN: 770573994
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,957

$88,730+22.8%

$82,312+32.4%

$77,958+39.8%

Participation rate

90.7%

84.5%+6.2pp

76.9%+13.8pp

71.6%+19.0pp

Annual return

21.18%

20.88%+0.3pp

25.88%-4.7pp

20.87%+0.3pp

Employer contribution / active EE

$1,942

$2,758-29.6%

$2,428-20.0%

$2,310-16.0%

Participant deferral / active EE

$14,126

$4,634+204.8%

$3,706+281.1%

$3,537+299.4%

Admin fee / account holder

$12

$74-84.3%

$5,608-99.8%

$97-88.1%

Provider

Service type

Compensation

SAGE ADVISORY SERVICES1 year

Filed as: SAGE VIEW

Service code 16 · EIN 33-0818667

Consulting

$78,000

SILICON VALLEY ACCOUNTANCY CORP1 year

Filed as: SILICON VALLEY ACCOUNTANCY

Service code 16 · EIN 77-0573994

Consulting

$7,074

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$54,403

INFINERA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INFINERA 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