IRIDIUM SATELLITE 401(K) PLAN

At the end of 2022, the total retirement plan assets of IRIDIUM SATELLITE 401(K) PLAN is $106,731,629.This plan was established in 2001.

At the end of 2022, the total number of retirement plan participants in IRIDIUM SATELLITE 401(K) PLAN is 756

In 2022, the average participant retirement account value for IRIDIUM SATELLITE 401(K) PLAN is $141,179

In 2022, the estimated average employee contribution amount per participant for IRIDIUM SATELLITE 401(K) PLAN is $11,235

In 2022, the estimated average employer match for an employee in IRIDIUM SATELLITE 401(K) PLAN is approximately $5,238

In 2022, IRIDIUM SATELLITE 401(K) PLAN allocates $3,960,391 to match its employees’ contributions, providing an employer match rate of 49.16% of their contributions

In 2022, the total retirement plan asset growth rate of IRIDIUM SATELLITE 401(K) PLAN is -12.24%

In 2022, the estimated aggregate retirement account investment gain/loss for IRIDIUM SATELLITE 401(K) PLAN is -17.49%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of IRIDIUM SATELLITE 401(K) PLAN is 0.12%.

Enrollment Features

IRIDIUM SATELLITE 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.