Lumen Technologies, Inc. 401(k) Review & Grade
Lumen 401(k) Savings Plan
Monroe, LAInformation23,892 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,401Employer $ per active participant
$8,428Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$7.3BNet plan assets, end of year
$198,817Average balance per account
Score breakdown
- Employer generosity13.8 / 5028th percentile for employer $ per participant
- Low cost23.3 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 10,000+ active participants (30 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 93th |
| Employee saving | 31th |
| Peers that auto-enroll | 60% |
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Lumen Technologies put in about $3,401 per active participant, below the typical peer ($5,217). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $81,247,248 |
| Participant (employee) contributions | $201,360,967 |
| Other contributions (incl. rollovers in) | $19,802,899 |
| Administrative expenses paid from the plan | $1,117,525 |
| Other admin expenses | $217,349 |
| Benefits paid out | $1,001,080,798 |
| Net assets, start / end of year | $7.1B / $7.3B |
| Active participants, start / end of year | 26,319 / 21,466 |
| Participants with account balances | 36,691 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eisneramper, LLP |
Largest service providers (Schedule C)
| Principal Financial Group | $841,589 reported compensation |
| Smartpath, Inc | $123,250 reported compensation |
| Usi Consulting Group | $50,822 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260721092549NAL0013816480001, received 2026-07-21, EIN 72-0651161, plan #010, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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