Satellite Services 401(k) match, vesting and fees
What Satellite Services' 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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Schneider Larche Haapala and Copll (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,446 defined-contribution plans in administrative, support and waste management services with 100 to 499 participants.
| Satellite Services: employer contribution per participant | $1,799 | |
| Peer median | $1,495 |
| Satellite Services: average balance | $54,487 | |
| Peer median | $34,563 |
| Satellite Services: admin expenses ÷ assets | 0.65% | |
| Peer median | 0.51% |
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 $8.8M at the end of plan year 2021 to $9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 238 | $9M | $297K | $1,799 | 0.65% | Not published | Form 5500 ↗ |
| 2023 | 278 | $8.3M | $232K | $1,355 | 0.70% | Not published | Form 5500 ↗ |
| 2022 | 274 | $7.4M | $216K | $1,167 | 0.72% | Not published | Form 5500 ↗ |
| 2021 | 284 | $8.8M | $175K | $887 | 0.75% | Not published | Form 5500 ↗ |
Other Satellite Services plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Satellite Services, Inc. Employee Stock Ownership Plan
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.
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does Satellite Services match 401(k) contributions?
The match terms for the Satellite Services, Inc. 401(k) Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $297K in employer contributions, about $1,799 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Satellite Services 401(k) match vested?
The vesting schedule for the Satellite Services, Inc. 401(k) Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Satellite Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Satellite Services, Inc..
I left Satellite Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Satellite Services, Inc., (906) 228-6492) or the recordkeeper, Principal Life Insurance Company. The Satellite Services old 401(k) page lists the contacts from every plan filing. Find an old Satellite Services 401(k)
Data from the public Form 5500 annual reports Satellite Services 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 Satellite Services. Not financial advice. Report a correction · Methodology