Plan Snapshot
- Plan Sponsor: Avnet, INC.
- Sponsor EIN: 111890605
- Sponsor Address: 2211 S 47TH ST, PHOENIX, AZ, 850346403
- Plan Type: DB
- Total Participants: 2,465
- Total Assets: $472.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,465 | $472.4M | $8.0M | $0 |
| 2023 | 2,732 | $501.3M | $8.0M | $0 |
| 2022 | 2,483 | $591.3M | $8.0M | $0 |
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 | $28,970 | — | $28,970 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,970
- Estimated Expense Ratio: 0.006% 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 | $2,602,381 | $662,582 | — | $28,970 | — |
| 2023 | $3,990,527 | $719,702 | — | $32,380 | — |
| 2022 | $2,983,543 | $777,810 | — | — | $1,213,181 |