Plan Snapshot
- Plan Sponsor: Avaya INC.
- Sponsor EIN: 223713430
- Sponsor Address: 350 MOUNT KEMBLE AVENUE, MORRISTOWN, NJ, 07960
- Plan Type: 401(k)
- Total Participants: 983
- Total Assets: $1.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 983 | $1.4B | $4.4M | $19.2M |
| 2023 | 1,459 | $1.4B | $2,087 | $22.1M |
| 2022 | 1,745 | $1.4B | $6.8M | $30.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CROWE LLP | Auditor | $54,824 | — | $54,824 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,824
- Estimated Expense Ratio: 0.004% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $579,809 | $362,330 | — | $54,824 | — |
| 2023 | $680,375 | $364,118 | — | $49,985 | — |
| 2022 | $796,797 | $420,173 | — | — | — |