# Luminar Technologies INC. 401(k) Plan
Source: https://planprovider.pro/companies/luminar-technologies-inc-401k-plan

> Luminar Technologies INC.'s 401(k) plan: 466 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [GALLAGHER FIDUCIARY ADVISORS LLC](https://planprovider.pro/provider/arthur-j-gallagher-and-co) — ADVISOR

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — 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|—|—|—|

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