Retirement plan

LUMEN 401(K) SAVINGS PLAN

Name: LUMEN TECHNOLOGIES, INC. - LUMEN 401(K) SAVINGS PLAN (2024) Form 5500
Creator: LUMEN TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUMEN 401(K) SAVINGS PLAN, LUMEN TECHNOLOGIES, INC.

LUMEN TECHNOLOGIES, INC.EIN 72-0651161Plan #010PY 2024

100 CENTURYLINK DRIVE, P. O. BOX 4065 - MONROE, LA 71203318-388-9000lumen.comLinkedIn10001+ employeestelecommunications

Other plans on this EIN

1 filing

#001Retirement-$4.33B assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed May 10, 2005

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$7295M

+2.2% from 2023

Total participants

37,308

-8.8% from 2023

Average account balance

$198,823

+11.9% from 2023

Annual return

12.23%

-2.56 pp from 2023

Benchmarks

See 39 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants>=10,000

Cohort39 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.30B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$199K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

36,691

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$282.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.23%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$30

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4 years Filed as: PRINCIPAL FINANCIAL GROUP Service code 13 · EIN 42-1520346	Contract Administrator	$841,589
SMARTPATH, INC.2 years Filed as: SMARTPATH, INC Service code 16 · EIN 37-1851490	Consulting	$123,250
USI CONSULTING GROUP4 years Service code 16 · EIN 06-1053228	Consulting	$50,822
EISNERAMPER LLP2 years Filed as: EISNERAMPER Service code 10 · EIN 87-1363769	Accounting	$50,000
SMARTPATH ADVISORS, LLC1 year Filed as: SMARTPATH ADVISORS,LLC Service code 16 · EIN 84-1969238	Consulting	$16,700
PENSION BENEFIT INFORMATION3 years Filed as: PENSION BENEFIT INFORMATION, LLC Service code 16 · EIN 82-2042737	Consulting	$9,061
JEFFREY R. WILSON LAW LLC4 years Filed as: JEFFREY WILSON Service code 29 · EIN 82-2454613	Legal	$6,825

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H2S2O

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$52 / participant

Recordkeeping$842K75.3%
Legal$7K0.6%
Other trustee fees$2K0.2%
Other / not subdivided$267K23.9%

% of EOY assets

0.015%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: EISNERAMPER, LLP
Auditor EIN: 871363769
Audit fees: $50,000
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$198,823

$167,668+18.6%

$100,383+98.1%

$106,408+86.8%

Participation rate

97.1%

87.6%+9.6pp

81.5%+15.6pp

69.9%+27.2pp

Annual return

12.23%

18.33%-6.1pp

49.26%-37.0pp

17.37%-5.1pp

Employer contribution / active EE

$3,785

$4,908-22.9%

$3,944-4.0%

$3,361+12.6%

Participant deferral / active EE

$9,380

$11,427-17.9%

$8,086+16.0%

$5,567+68.5%

Admin fee / account holder

$30

$94-67.5%

$7,900-99.6%

$79-61.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Filed as: PRINCIPAL FINANCIAL GROUP

Service code 13 · EIN 42-1520346

Contract Administrator

$841,589

SMARTPATH, INC.2 years

Filed as: SMARTPATH, INC

Service code 16 · EIN 37-1851490

Consulting

$123,250

USI CONSULTING GROUP4 years

Service code 16 · EIN 06-1053228

Consulting

$50,822

EISNERAMPER LLP2 years

Filed as: EISNERAMPER

Service code 10 · EIN 87-1363769

Accounting

$50,000

SMARTPATH ADVISORS, LLC1 year

Filed as: SMARTPATH ADVISORS,LLC

Service code 16 · EIN 84-1969238

Consulting

$16,700

PENSION BENEFIT INFORMATION3 years

Filed as: PENSION BENEFIT INFORMATION, LLC

Service code 16 · EIN 82-2042737

Consulting

$9,061

JEFFREY R. WILSON LAW LLC4 years

Filed as: JEFFREY WILSON

Service code 29 · EIN 82-2454613

Legal

$6,825

LUMEN 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUMEN 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion