Launch Feedback (Bouncy Cursor) not working for me on Plasma Wayland

Running KDE-Dev. Recently the SDDM default switched to Plasma Wayland, and it mostly works for me, but I noticed that Launch Feedback (the bouncy cursor) does not work. The enable compositor on startup switch no longer seems to be on System Settings:

$ inxi -Fazy
  Kernel: 5.10.4-3-MANJARO x86_64 bits: 64 compiler: gcc v: 10.2.0 
  parameters: BOOT_IMAGE=/boot/vmlinuz-5.10-x86_64 
  root=UUID=9d879355-b374-41c2-8380-2b22155efebb rw udev.log_priority=3 
  Desktop: KDE Plasma 5.20.80 tk: Qt 5.15.2 wm: kwin_wayland dm: SDDM 
  Distro: Manjaro Linux 
  Type: Laptop System: Hewlett-Packard product: HP EliteBook 8440p v: N/A 
  serial: <filter> Chassis: type: 10 serial: <filter> 
  Mobo: Hewlett-Packard model: 172A v: KBC Version 30.30 serial: <filter> 
  BIOS: Hewlett-Packard v: 68CCU Ver. F.0E date: 08/23/2010 
  ID-1: BAT0 charge: 3.8 Wh condition: 12.7/56.6 Wh (22%) volts: 12.6/11.1 
  model: Hewlett-Packard Primary type: Li-ion serial: <filter> 
  status: Charging 
  Info: Dual Core model: Intel Core i7 M 620 bits: 64 type: MT MCP 
  arch: Nehalem family: 6 model-id: 25 (37) stepping: 5 microcode: 7 
  L2 cache: 4 MiB 
  flags: lm nx pae sse sse2 sse3 sse4_1 sse4_2 ssse3 vmx bogomips: 21294 
  Speed: 1356 MHz min/max: 1199/2667 MHz boost: enabled Core speeds (MHz): 
  1: 1356 2: 1340 3: 1463 4: 1463 
  Vulnerabilities: Type: itlb_multihit status: KVM: VMX disabled 
  Type: l1tf 
  mitigation: PTE Inversion; VMX: conditional cache flushes, SMT vulnerable 
  Type: mds 
  status: Vulnerable: Clear CPU buffers attempted, no microcode; SMT vulnerable 
  Type: meltdown mitigation: PTI 
  Type: spec_store_bypass 
  mitigation: Speculative Store Bypass disabled via prctl and seccomp 
  Type: spectre_v1 
  mitigation: usercopy/swapgs barriers and __user pointer sanitization 
  Type: spectre_v2 mitigation: Full generic retpoline, IBPB: conditional, 
  IBRS_FW, STIBP: conditional, RSB filling 
  Type: srbds status: Not affected 
  Type: tsx_async_abort status: Not affected 
  Device-1: Intel Core Processor Integrated Graphics vendor: Hewlett-Packard 
  driver: i915 v: kernel bus ID: 00:02.0 chip ID: 8086:0046 
  Device-2: Chicony HP Webcam [2 MP Macro] type: USB driver: uvcvideo 
  bus ID: 1-1.5:5 chip ID: 04f2:b15e 
  Display: wayland server: X.Org compositor: kwin_wayland 
  driver: intel unloaded: modesetting alternate: fbdev,vesa display ID: :1 
  screens: 1 
  Screen-1: 0 s-res: 1600x900 s-dpi: 96 s-size: 423x238mm (16.7x9.4") 
  s-diag: 485mm (19.1") 
  OpenGL: renderer: Mesa DRI Intel HD Graphics (ILK) v: 2.1 Mesa 20.3.2 
  direct render: Yes 
  Device-1: Intel 5 Series/3400 Series High Definition Audio 
  vendor: Hewlett-Packard driver: snd_hda_intel v: kernel bus ID: 00:1b.0 
  chip ID: 8086:3b56 
  Sound Server: ALSA v: k5.10.4-3-MANJARO 
  Device-1: Intel 82577LM Gigabit Network vendor: Hewlett-Packard 
  driver: e1000e v: kernel port: 5020 bus ID: 00:19.0 chip ID: 8086:10ea 
  IF: enp0s25 state: down mac: <filter> 
  Device-2: Intel Centrino Ultimate-N 6300 driver: iwlwifi v: kernel 
  port: 5000 bus ID: 43:00.0 chip ID: 8086:4238 
  IF: wlo1 state: up mac: <filter> 
  Local Storage: total: 232.89 GiB used: 8.79 GiB (3.8%) 
  SMART Message: Unable to run smartctl. Root privileges required. 
  ID-1: /dev/sda maj-min: 8:0 vendor: Toshiba model: MK2556GSY 
  size: 232.89 GiB block size: physical: 512 B logical: 512 B speed: 3.0 Gb/s 
  serial: <filter> rev: 3C 
  ID-1: / raw size: 116.09 GiB size: 113.77 GiB (98.00%) used: 8.79 GiB (7.7%) 
  fs: ext4 dev: /dev/sda4 maj-min: 8:4 
  Kernel: swappiness: 60 (default) cache pressure: 100 (default) 
  ID-1: swap-1 type: partition size: 512 MiB used: 0 KiB (0.0%) priority: 1024 
  dev: /dev/sda3 maj-min: 8:3 
  ID-2: swap-2 type: file size: 256 MiB used: 0 KiB (0.0%) priority: 50 
  file: /var/lib/systemd-swap/swapfc/1 
  System Temperatures: cpu: 42.0 C mobo: 0.0 C 
  Fan Speeds (RPM): N/A 
  Processes: 188 Uptime: 12m wakeups: 2 Memory: 3.64 GiB 
  used: 2.05 GiB (56.3%) Init: systemd v: 247 Compilers: gcc: 10.2.0 Packages: 
  pacman: 1101 lib: 352 flatpak: 0 Shell: Bash v: 5.1.0 running in: konsole 
  inxi: 3.2.01