Plan Snapshot
- Plan Sponsor: Lumens, INC.
- Sponsor EIN: 863844424
- Sponsor Address: 1850 MT. DIABLO BLVD SUITE 220, WALNUT CREEK, CA, 94596
- Plan Type: 401(k)
- Total Participants: 191
- Total Assets: $12.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 191 | $12.5M | $466,850 | $915,784 |
| 2023 | 191 | $10.4M | $445,658 | $852,889 |
| 2022 | 197 | $7.7M | $401,280 | $831,254 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $41,885 | — | $41,885 |
| WELLS FARGO CLEARING SERVICES LLC | ADVISOR | $26,619 | — | $26,619 |
| FUNARO & CO., P.C | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- FUNARO & CO., P.C — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,504
- Estimated Expense Ratio: 0.547% 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 | $68,504 | $26,619 | — | — | — |
| 2023 | $52,998 | $21,285 | — | — | — |
| 2022 | $60,288 | — | — | — | — |