LUMEN 401(K) SAVINGS PLAN
- Address: 100 CENTURYLINK DRIVE,,MONROE,LA
- Contact person: MARINA PEARSON
- Phone: (318) 388-9000
LUMEN 401(K) SAVINGS PLAN has the following features:
Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
At the end of 2022, the total retirement plan assets of LUMEN 401(K) SAVINGS PLAN is $6,604,665,094.00.This plan was established in 1986.
At the end of 2022, the total number of retirement plan participants in LUMEN 401(K) SAVINGS PLAN is 49140
In 2022, the average participant retirement account value for LUMEN 401(K) SAVINGS PLAN is $134,405.00
In 2022, the estimated average employee contribution amount per participant for LUMEN 401(K) SAVINGS PLAN is $4,433.00
In 2022, the estimated average employer match for an employee in LUMEN 401(K) SAVINGS PLAN is approximately $1,833.00
In 2022, LUMEN 401(K) SAVINGS PLAN allocates $90,122,428.00 to match its employees' contributions, providing an employer match rate of 40.87% of their contributions
In 2022, the total retirement plan asset growth rate of LUMEN 401(K) SAVINGS PLAN is -23.22%
In 2022, the estimated aggregate retirement account investment gain/loss for LUMEN 401(K) SAVINGS PLAN is -16.71%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of LUMEN 401(K) SAVINGS PLAN is 0.02%.
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