Plan Snapshot
- Plan Sponsor: Avidxchange, INC.
- Sponsor EIN: 562193588
- Sponsor Address: 1210 AVIDXCHANGE LANE, CHARLOTTE, NC, 28206
- Plan Type: 401(k)
- Total Participants: 1,771
- Total Assets: $120.5M
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 | 1,771 | $120.5M | $5.2M | $12.8M |
| 2023 | 1,688 | $96.3M | $5.0M | $12.3M |
| 2022 | 1,677 | $71.5M | $4.7M | $11.1M |
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 |
|---|---|---|---|---|
| PARSONS CPA, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PARSONS CPA, PLLC — 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 | $257,424 | $95,455 | — | — | — |
| 2023 | $226,786 | $82,578 | — | — | — |
| 2022 | $260,972 | $28,853 | — | — | — |