# Avid Solutions, INC. 401(k) Plan
Source: https://planprovider.pro/companies/avid-solutions-inc-401k-plan

> Avid Solutions, INC.'s 401(k) plan: 52 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/forvis-mazars-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|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/avid-solutions-inc-401k-plan)

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