Plan Snapshot
- Plan Sponsor: Luminar Technologies INC.
- Sponsor EIN: 473675924
- Sponsor Address: 2603 DISCOVERY DRIVE #100, ORLANDO, FL, 32826
- Plan Type: 401(k)
- Total Participants: 466
- Total Assets: $40.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 466 | $40.6M | $4.1M | $7.1M |
| 2023 | 649 | $32.8M | $2.9M | $7.8M |
| 2022 | 526 | $15.3M | $5,406 | $5.6M |
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 | $166,176 | — | $166,176 |
| GALLAGHER FIDUCIARY ADVISORS LLC | ADVISOR | $121,155 | — | $121,155 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $13,359 | — | $13,359 |
| BAUER AND COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- GALLAGHER FIDUCIARY ADVISORS LLC — ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $300,690
- Estimated Expense Ratio: 0.741% 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 | $298,046 | $134,514 | $300 | — | — |
| 2023 | $222,462 | $111,312 | — | — | — |
| 2022 | $93,965 | $6,113 | — | — | — |