Plan Ledger DOL Form 5500 · updated monthly

Avid Bioservices, Inc.401(k)

AVID BIOSERVICES, INC. 401(K) PLAN · TUSTIN, CA · plan year 2024

Reported admin expense ratio · 2024
0.24%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Avid Bioservices, Inc. reported $90,939 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $2,853 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.34% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,097th-largest of 9,483 plans among California employers on file, and the 3,626th of 13,661 in manufacturing. In 2024, employees put in $3.07 for every $1.00 the employer contributed; active participation has grown from 327 to 375 since 2022.

Plan summary
Net assets, end of year$40,781,846
Participants with balances486
Active participants375
Employer contributions$1,069,739
Employee contributions$3,280,590
Employer contribution per active participant$2,853
Average account balance$83,913
Benefits paid to participants$2,061,858
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$40.8M · 486 accts · $1.1M emplr
2023$33.7M · 465 accts · $997K emplr
2022$25.5M · 345 accts · $776K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,939
Investment management$55,000
Total administrative$90,939
The Avid Bioservices, Inc. 401(k) match · 2024
Employer contribution per active participant$2,853
Median for plans this size$2,416
2024$2,853 per active participant
2023$2,725 per active participant
2022$2,373 per active participant

Avid Bioservices, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NFP RETIREMENT INC · Investment advisory (plan)$55,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$90,939 · 0.24%
2023$85,901 · 0.29%
2022$87,628 · 0.34%
Same employer
Similar plansManufacturing · California
Amada Weld Tech Inc. CA$42.3M · 0.17%
Astex Pharmaceuticals, Inc. CA$42.2M · 0.05%
Breg, Inc. CA$42.2M · 0.39%
Myovant Sciences, Inc. CA$40.8M · 0.01%
Rps Holdings, Inc CA$40.7M · 0.18%
Bal Seal Engineering, LLC CA$40.7M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953698422 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.