Retirement plan

LUMOS LABS, INC. 401(K) PLAN

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

LUMOS LABS, INC.dba LUMOSITYEIN 72-1621016Plan #001PY 2024

16 MAIDEN LANE, SUITE 600 - SAN FRANCISCO, CA 94108925-487-6525LinkedIn1-10 employees

Prospect flagsLow employer contributionLow fidelity bondWind-down / frozen

How to read this page

Total assets (EOY)

$12.6M

+16.8% from 2023

Total participants

128

-7.2% from 2023

Average account balance

$100,508

+25.3% from 2023

Annual return

14.46%

-5.18 pp from 2023

Benchmarks

See 12,316 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort12,316 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$12.56M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

125

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$702K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+14.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$143

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

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$15,269

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$18K

$743 / participant

Recordkeeping$15K84.0%
Investment mgmt$3K14.3%
Contract admin$3001.7%

% of EOY assets

0.142%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SENSIBA LLP
Auditor EIN: 942370906
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,508

$108,912-7.7%

$100,383+0.1%

$145,959-31.1%

Participation rate

87.5%

83.0%+4.5pp

81.5%+6.0pp

80.3%+7.2pp

Annual return

14.46%

57.96%-43.5pp

49.26%-34.8pp

561.95%-547.5pp

Employer contribution / active EE

$4,423-100.0%

$3,944-100.0%

$4,661-100.0%

Participant deferral / active EE

$29,244

$8,451+246.0%

$8,086+261.7%

$6,689+337.2%

Admin fee / account holder

$143

$9,690-98.5%

$7,900-98.2%

$13,398-98.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$15,269

LUMOS LABS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUMOS LABS, INC. 401(K) PLAN

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