2023 Form 5500 filing — Avid Technology, Inc. 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241010122017NAL0011451987001) for Avid Technology, Inc. 401(K) Plan, reported by Avid Technology, Inc. under EIN 04-2977748 and plan number 001. It reports 1,118 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010122017NAL0011451987001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Avid Technology, Inc.
- EIN
- 04-2977748
- Plan number
- 001
- Location
- Burlington, MA
- Participants
- 1,118
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $239,006,177
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $239,006,177
- Employer contributions
- $1,878,692
- Participant contributions
- $6,874,659
- Total income / additions
- $57,454,840
- Benefits paid
- $25,518,513
- Administrative expenses
- -$8,870
- Total expenses
- $25,515,745
- Net increase / (decrease)
- $31,939,095
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Gallagher Benefit Services, Inc. | INVESTMENT ADVISOR | $37,500 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | -$52,008 | $0 |