Plan Snapshot
- Plan Sponsor: Avidex Industries, LLC
- Sponsor EIN: 371480101
- Sponsor Address: 1100 CRESCENT GREEN, SUITE 200, CARY, NC, 27518
- Plan Type: 401(k)
- Total Participants: 484
- Total Assets: $58.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 484 | $58.2M | $897,057 | $3.6M |
| 2023 | 434 | $48.7M | $896,718 | $3.2M |
| 2022 | 443 | $40.8M | $933,403 | $3.2M |
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 |
|---|---|---|---|---|
| BALANCE & STRATEGY ADVISORS, CPAS | Auditor | — | — | $0 |
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 | -$8,608 | — | — | — | — |
| 2023 | $5,436 | — | $1,500 | — | — |
| 2022 | $9,245 | — | — | — | — |