Plan Snapshot
- Plan Sponsor: Avnet, INC.
- Sponsor EIN: 111890605
- Sponsor Address: 2211 SOUTH 47TH STREET, PHOENIX, AZ, 85034
- Plan Type: 401(k)
- Total Participants: 2,753
- Total Assets: $624.3M
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 | 2,753 | $624.3M | $3,071 | $21.8M |
| 2023 | 3,029 | $609.1M | $445 | $22.8M |
| 2022 | 2,972 | $537.7M | $0 | $22.4M |
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 CPAS PC | 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 | $182,727 | — | — | — | — |
| 2023 | $272,284 | — | — | — | — |
| 2022 | $294,005 | — | — | — | — |