Retirement plan

INFINERA 401(K) PLAN

Name: INFINERA CORPORATION - INFINERA 401(K) PLAN (2021) 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 2021

6373 SAN IGNACIO AVENUE - SAN JOSE, CA 95119408-572-5293infinera.comLinkedIn1001-5000 employeestelecommunications

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$316.2M

-22.5% from 2016

Total participants

1,709

-10.5% from 2016

Average account balance

$193,873

-9.9% from 2016

Annual return

16.98%

-11.86 pp from 2016

Benchmarks

See 773 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort773 peers

Snapshot2021

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
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 37 · EIN 04-2647786	Loan Processing	$150,430
SAGEVIEW ADVISORY GROUP, LLC1 year Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 16 · EIN 33-0818667	Consulting	$58,611
SILICON VALLEY ACCOUNTANCY CORP1 year Filed as: SILLICON VALLEY ACCOUNTANCY Service code 10 · EIN 77-0573994	Accounting	$18,198

Plan features & details

Pension benefit codes2F2G2J2R2T3D

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$226K

$191 / participant

Investment mgmt$4820.2%
Other / not subdivided$226K99.8%

% of EOY assets

0.071%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$193,873

$144,879+33.8%

$111,319+74.2%

$93,010+108.4%

Participation rate

93.4%

86.1%+7.3pp

77.3%+16.1pp

73.9%+19.5pp

Annual return

16.98%

18.11%-1.1pp

54.68%-37.7pp

158.70%-141.7pp

Employer contribution / active EE

$2,331

$3,052-23.6%

$2,732-14.7%

$2,705-13.8%

Participant deferral / active EE

$15,077

$5,576+170.4%

$4,488+236.0%

$4,561+230.6%

Admin fee / account holder

$139

$104+33.9%

$7,966-98.3%

$152-8.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 37 · EIN 04-2647786

Loan Processing

$150,430

SAGEVIEW ADVISORY GROUP, LLC1 year

Filed as: SAGEVIEW ADVISORY GROUP LLC

Service code 16 · EIN 33-0818667

Consulting

$58,611

SILICON VALLEY ACCOUNTANCY CORP1 year

Filed as: SILLICON VALLEY ACCOUNTANCY

Service code 10 · EIN 77-0573994

Accounting

$18,198

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