Avaya Inc. 401(k) Review & Grade
Avaya Savings Plan for Salaried Employees
Morristown, NJInformation1,221 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,590Employer $ per active participant
$15,753Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$286,098Average balance per account
Score breakdown
- Employer generosity31.2 / 5062th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1590th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 90th |
| Employee saving | 90th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Avaya put in about $3,590 per active participant, more than the typical peer ($2,829). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,383,688 |
| Participant (employee) contributions | $19,234,900 |
| Other contributions (incl. rollovers in) | $4,357,566 |
| Administrative expenses paid from the plan | $579,809 |
| Investment advisory & management fees | $362,330 |
| Other admin expenses | $136,412 |
| Benefits paid out | $213,046,334 |
| Net assets, start / end of year | $1.4B / $1.4B |
| Active participants, start / end of year | 1,459 / 983 |
| Participants with account balances | 4,923 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $362,330 reported compensation |
| Sageview Advisory Group LLC | $136,412 reported compensation |
| Crowe Horwath LLP | $54,824 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009101940NAL0010748928001, received 2025-10-09, EIN 22-3713430, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.