Lumiradx, Inc401(k)
LUMIRADX, INC. 401(K) PLAN · WALTHAM, MA · plan year 2023
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Lumiradx, Inc reported $3,425 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,143 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Massachusetts (1,606th of 2,726), and 7,464th of 13,661 in manufacturing. In 2023, employees put in $3.07 for every $1.00 the employer contributed.
Lumiradx, Inc's 2023 employer contribution ran above the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 471763048 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.