Plan Ledger DOL Form 5500 · updated monthly

Lucid Software Inc.401(k)

LUCID SOFTWARE INC. 401(K) PLAN · SOUTH JORDAN, UT · plan year 2024

Reported admin expense ratio · 2024
0.18%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Lucid Software Inc. reported $139,704 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $5,888 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.43% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 95th-largest of 848 plans among Utah employers on file, and the 1,696th of 11,654 in professional & technical services. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$88,384,840
Participants with balances1,260
Active participants927
Employer contributions$5,457,770
Employee contributions$10,272,860
Employer contribution per active participant$5,888
Average account balance$70,147
Benefits paid to participants$5,440,744
Plan auditUnmodified (clean) audit opinion
AuditorEIDE BAILY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$88.4M · 1,260 accts · $5.5M emplr
2023$65.6M · 1,296 accts · $5.6M emplr
2022$43.1M · 1,238 accts · $4.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,936
Investment management$57,768
Total administrative$139,704
The Lucid Software Inc. 401(k) match · 2024
Employer contribution per active participant$5,888
Median for plans this size$3,635
2024$5,888 per active participant
2023$5,992 per active participant
2022$5,116 per active participant

Lucid Software Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$82,296
ONE DIGITAL · Investment management$56,793

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab, The Standard

This plan has changed recordkeepers within these filings. If you left Lucid Software Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$139,704 · 0.18%
2023$118,967 · 0.22%
2022$174,951 · 0.43%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 264737100 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.