Plan Snapshot
- Plan Sponsor: Lumen Technologies, INC.
- Sponsor EIN: 720651161
- Sponsor Address: 100 CENTURYLINK DRIVE, MONROE, LA, 71203
- Plan Type: DB
- Total Participants: 9,131
- Total Assets: $4.3B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 9,131 | $4.3B | $0 | $0 |
| 2023 | 10,043 | $4.8B | $170.0M | $0 |
| 2022 | 10,804 | $4.8B | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| TOWERS WATSON DELAWARE INC | Recordkeeper | $3,956,288 | — | $3,956,288 |
| LUMEN TECHNOLOGIES SERVICE GROUP | Recordkeeper | $2,661,081 | $10,933 | $2,672,014 |
| RUSSELL INVESTMENTS TRUST COMPANY | Investment Advisor | $340,903 | — | $340,903 |
| STATE STREET BANK & TRUST CO. | Recordkeeper | $241,598 | — | $241,598 |
| PRICEWATERHOUSECOOPERS LLP | Auditor | $109,545 | — | $109,545 |
| INTERNATIONAL BUSINESS MACHINES COR | Recordkeeper | $65,904 | — | $65,904 |
| PROSKAUER ROSE LLP | ERISA Attorney | $54,211 | — | $54,211 |
| PENSION BENEFIT INFORMATION, LLC | Other Service Provider | $46,440 | — | $46,440 |
| FORMS ASSOCIATES, INC. | Other Service Provider | $22,836 | — | $22,836 |
| JEFFREY R. WILSON LAW LLC | ERISA Attorney | $16,425 | — | $16,425 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TOWERS WATSON DELAWARE INC — Recordkeeper
- RUSSELL INVESTMENTS TRUST COMPANY — Investment Advisor
- PRICEWATERHOUSECOOPERS LLP — Auditor
- PROSKAUER ROSE LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,526,164
- Estimated Expense Ratio: 0.174% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $37,171,764 | — | $2,661,081 | $3,956,288 | — |
| 2023 | $37,913,452 | — | $2,447,488 | — | — |
| 2022 | $31,964,728 | — | $6,943,441 | — | $790,670 |