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

> Avid Technology, INC.'s 401(k) plan: 341 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Avid Technology, INC.

- **Sponsor EIN:** 042977748

- **Sponsor Address:** 75 BLUE SKY DRIVE, BURLINGTON, MA, 01803

- **Plan Type:** 401(k)

- **Total Participants:** 341

- **Total Assets:** $241.6M

## 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|341|$241.6M|$1.4M|$5.3M|

| 2023|468|$239.0M|$1.9M|$6.9M|

| 2022|563|$207.1M|$1.9M|$6.8M|

## 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|

| CBIZ OPERATIONS, INC.|ACCOUNTANT/AUDITOR|$45,400|—|$45,400|

| CBIZ CPAS P.C.|Auditor|$45,400|—|$45,400|

| GALLAGHER BENEFIT SERVICE, INC|CONSULTANT|$22,500|—|$22,500|

| STRATEGIC ADVISORS, INC.|ADVISOR|$8,555|—|$8,555|

| GLOBAL RETIREMENT PARTNERS, LLC|CONSULTANT|$7,500|—|$7,500|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [GALLAGHER BENEFIT SERVICE, INC](https://planprovider.pro/provider/arthur-j-gallagher-and-co) — CONSULTANT

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [GLOBAL RETIREMENT PARTNERS, LLC](https://planprovider.pro/provider/global-retirement-partners-llc) — CONSULTANT

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $129,355

- **Estimated Expense Ratio:** 0.054% 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|$33,608|$8,555|$1,500|$45,400|—|

| 2023|-$8,870|$41,838|$300|$1,500|—|

| 2022|$6|$550|—|—|—|

## Similar Plans

- [Locus Robotics Corp](https://planprovider.pro/companies/locus-robotics-corp-401k-plan) — 364 participants

- [Monotype Imaging INC.](https://planprovider.pro/companies/monotype-imaging-inc-401k-plan) — 310 participants

- [Imprivata, INC.](https://planprovider.pro/companies/imprivata-inc-401k-plan) — 799 participants

- [Brooks Automation Us, LLC.](https://planprovider.pro/companies/brooks-automation-us-llc-401k-plan) — 921 participants

- [Black Duck Software, INC.](https://planprovider.pro/companies/black-duck-software-inc-401k-plan) — 951 participants

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

© 2026 PlanProvider.Pro