# Iridium Satellite, LLC 401(k) Plan
Source: https://planprovider.pro/companies/iridium-satellite-llc-plan-001

> Iridium Satellite, LLC's 401(k) plan: 1,015 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Iridium Satellite, LLC

- **Sponsor EIN:** 542000237

- **Sponsor Address:** 8440 S RIVER PKWY, TEMPE, AZ, 85284

- **Plan Type:** 401(k)

- **Total Participants:** 1,015

- **Total Assets:** $173.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **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|1,015|$173.5M|$6.2M|$12.6M|

| 2023|849|$134.0M|$4.9M|$10.0M|

| 2022|730|$106.7M|$4.0M|$8.1M|

## 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|

| T ROWE PRICE RPS INC|NONE|$76,269|—|$76,269|

| INNOVEST PORTFOLIO SOLUTIONS LLC|NONE|$60,000|—|$60,000|

| BDO USA, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BDO USA, P.C.](https://planprovider.pro/provider/bdo-usa-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $136,269

- **Estimated Expense Ratio:** 0.079% 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|$136,659|—|—|—|—|

| 2023|$119,318|—|—|—|—|

| 2022|$128,259|—|—|—|$65,338|

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