Plan Ledger DOL Form 5500 · updated monthly

Avidex Industries, LLC401(k)

AVIDEX INDUSTRIES SAVINGS INVESTMENT PLAN · CARY, NC · plan year 2024

Employer contribution per participant · 2024
$1,853

Avidex Industries, LLC's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $58,215,988 across 619 participant accounts, with employer contributions averaging $1,853 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.02% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 333rd-largest of 2,005 plans among North Carolina employers on file, and the 249th of 2,096 in real estate & leasing. In 2024, employees put in $3.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$58,215,988
Participants with balances619
Active participants484
Employer contributions$897,057
Employee contributions$3,556,121
Employer contribution per active participant$1,853
Average account balance$94,048
Benefits paid to participants$3,311,106
Plan auditUnmodified (clean) audit opinion
AuditorBALANCE & STRATEGY ADVISORS, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$58.2M · 619 accts · $897K emplr
2023$48.7M · 595 accts · $897K emplr
2022$40.8M · 599 accts · $933K emplr
The Avidex Industries, LLC 401(k) match · 2024
Employer contribution per active participant$1,853
Median for plans this size$3,635
2024$1,853 per active participant
2023$2,066 per active participant
2022$2,107 per active participant

Avidex Industries, LLC's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024Not separately reported
2023$5,436 · 0.01%
2022$9,245 · 0.02%
Same employer
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Ttx Company NC$154.1M · 0.06%
Quarterra Services, LLC NC$62.9M · 0.45%
Bell Partners Inc. NC$59.2M · 0.27%
Foundry Commercial, LLC NC$48.7M · 0.11%
Crescent Communities, LLC NC$44.4M · 0.05%
Koury Corporation NC$28.4M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371480101 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.