Lumentum Operations LLC 401(k) Review & Grade
Lumentum 401(k) Plan
San Jose, CAManufacturing619 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,923Employer $ per active participant
$17,447Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$271.5MNet plan assets, end of year
$231,615Average balance per account
Score breakdown
- Employer generosity41.1 / 5082th percentile for employer $ per participant
- Low cost22.6 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 90th |
| Employee saving | 99th |
| 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
- Lumentum Operations put in about $4,923 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $3,047,272 |
| Participant (employee) contributions | $10,799,660 |
| Other contributions (incl. rollovers in) | $1,195,051 |
| Administrative expenses paid from the plan | $102,230 |
| Investment advisory & management fees | $35,374 |
| Benefits paid out | $23,873,506 |
| Net assets, start / end of year | $244.6M / $271.5M |
| Active participants, start / end of year | 679 / 559 |
| Participants with account balances | 1,172 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $66,857 reported compensation |
| Sageview Advisory Group LLC | $35,374 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251012161000NAL0000146787001, received 2025-10-12, EIN 47-3844837, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.