Iridium Satellite 401(k) match, vesting and fees
What Iridium Satellite's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Bdo USA, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 235 defined-contribution plans in information with 1,000 to 4,999 participants.
| Iridium Satellite: employer contribution per participant | $5,414 | |
| Peer median | $2,212 |
| Iridium Satellite: average balance | $150,875 | |
| Peer median | $99,173 |
| Iridium Satellite: admin expenses ÷ assets | 0.09% | |
| Peer median | 0.09% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $122M at the end of plan year 2021 to $174M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,205 | $174M | $6.2M | $5,414 | 0.09% | Not published | Form 5500 ↗ |
| 2023 | 1,029 | $134M | $4.9M | $5,231 | 0.10% | Not published | Form 5500 ↗ |
| 2022 | 884 | $107M | $4M | $5,084 | 0.11% | Not published | Form 5500 ↗ |
| 2021 | 760 | $122M | $3.5M | $5,038 | 0.08% | Not published | Form 5500 ↗ |
Common questions
Does Iridium Satellite match 401(k) contributions?
The match terms for the Iridium Satellite 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $6.2M in employer contributions, about $5,414 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Iridium Satellite 401(k) match vested?
The vesting schedule for the Iridium Satellite 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Iridium Satellite 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Iridium Satellite, LLC.
I left Iridium Satellite. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Iridium Satellite, LLC, (480) 752-1100) or the recordkeeper, T Rowe Price Rps Inc. The Iridium Satellite old 401(k) page lists the contacts from every plan filing. Find an old Iridium Satellite 401(k)
Data from the public Form 5500 annual reports Iridium Satellite filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Iridium Satellite. Not financial advice. Report a correction · Methodology