Plan Snapshot
- Plan Sponsor: Infinera Corporation
- Sponsor EIN: 770560433
- Sponsor Address: 6373 SAN IGNACIO AVENUE, SAN JOSE, CA, 95119
- Plan Type: 401(k)
- Total Participants: 1,235
- Total Assets: $359.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,235 | $359.9M | $3.0M | $22.4M |
| 2023 | 1,273 | $324.3M | $3.0M | $22.0M |
| 2022 | 1,250 | $267.0M | $2.9M | $19.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SAGEVIEW ADVISORY GROUP LLC | ADVISOR/INVESTMENT ADV | $99,742 | — | $99,742 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $85,291 | — | $85,291 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $29,057 | — | $29,057 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAGEVIEW ADVISORY GROUP LLC — ADVISOR/INVESTMENT ADV
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $214,090
- Estimated Expense Ratio: 0.059% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $213,656 | $128,799 | — | — | — |
| 2023 | $236,007 | $102,326 | $300 | $20,618 | — |
| 2022 | $245,468 | $6,482 | — | — | — |