Lumos Networks Operating Company 401(k) Review & Grade
Lumos Networks Savings and Security Plan
Waynesboro, VAInformation886 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,704Employer $ per active participant
$6,630Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$134.0MNet plan assets, end of year
$110,616Average balance per account
Score breakdown
- Employer generosity23.5 / 5047th percentile for employer $ per participant
- Low cost13.6 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 55th |
| Employee saving | 36th |
| Peers that auto-enroll | 59% |
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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
- Lumos Networks Operating put in about $2,704 per active participant, below the typical peer ($2,829). 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 | $2,396,669 |
| Participant (employee) contributions | $5,877,144 |
| Other contributions (incl. rollovers in) | $1,704,168 |
| Administrative expenses paid from the plan | $230,806 |
| Contract administrator fees | $178,798 |
| Investment advisory & management fees | $52,008 |
| Benefits paid out | $10,421,073 |
| Net assets, start / end of year | $98.2M / $134.0M |
| Active participants, start / end of year | 841 / 932 |
| Participants with account balances | 1,211 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PKF O'connor Davies, LLP |
Largest service providers (Schedule C)
| John Hancock | $190,806 reported compensation |
| Capfinancial Partners,llc | $40,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009133803NAL0007078145001, received 2025-10-09, EIN 90-0673286, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.