Plan Ledger DOL Form 5500 · updated monthly

Lumos Networks Operating Company401(k)

LUMOS NETWORKS SAVINGS AND SECURITY PLAN · WAYNESBORO, VA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Lumos Networks Operating Company reported $230,806 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $2,572 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 3 years on file its reported administrative ratio has held roughly steady near 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 215th-largest of 2,266 plans among Virginia employers on file, and the 258th of 2,199 in information & media. In 2024, employees put in $2.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$133,955,770
Participants with balances1,211
Active participants932
Employer contributions$2,396,669
Employee contributions$5,877,144
Employer contribution per active participant$2,572
Average account balance$110,616
Benefits paid to participants$10,421,073
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$134.0M · 1,211 accts · $2.4M emplr
2023$98.2M · 1,174 accts · $2.6M emplr
2022$86.3M · 1,204 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$178,798
Investment management$52,008
Total administrative$230,806
The Lumos Networks Operating Company 401(k) match · 2024
Employer contribution per active participant$2,572
Median for plans this size$3,635
2024$2,572 per active participant
2023$3,074 per active participant
2022$2,781 per active participant

Lumos Networks Operating Company's 2024 employer contribution ran below 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
JOHN HANCOCK · Recordkeeping · Loan processing$190,806
CAPFINANCIAL PARTNERS,LLC · Investment advisory (plan)$40,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$230,806 · 0.20%
2023$203,633 · 0.22%
2022$194,250 · 0.21%
Same employer
Similar plansInformation & Media · Virginia
Shentel Management Company VA$158.7M · 0.07%
Tns Inc VA$145.9M · 0.16%
Spok Holdings, Inc. VA$129.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900673286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.