Plan Snapshot
- Plan Sponsor: Avid Solutions, INC.
- Sponsor EIN: 561566712
- Sponsor Address: 2975 COLE ROAD, WINSTON SALEM, NC, 27107
- Plan Type: 401(k)
- Total Participants: 52
- Total Assets: $10.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 52 | $10.9M | $82,683 | $770,220 |
| 2023 | 68 | $9.3M | $108,293 | $709,130 |
| 2022 | 44 | $7.4M | $63,039 | $585,046 |
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 |
|---|---|---|---|---|
| FORVIS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $774,925 | — | $5,737 | — | — |
| 2023 | $524,682 | — | $5,165 | — | — |
| 2022 | $3,896 | $2,285 | — | — | — |