Avidxchange, Inc. 401(k) Review & Grade
Avidxchange, Inc. 401(k) Plan
Charlotte, NCProfessional, Scientific & Technical Services1,730 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,990Employer $ per active participant
$7,430Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$120.5MNet plan assets, end of year
$71,956Average balance per account
Score breakdown
- Employer generosity24.3 / 5049th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 49th |
| Employee saving | 38th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Avidxchange put in about $2,990 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $5,170,419 |
| Participant (employee) contributions | $12,849,851 |
| Other contributions (incl. rollovers in) | $1,991,593 |
| Administrative expenses paid from the plan | $257,424 |
| Investment advisory & management fees | $95,455 |
| Benefits paid out | $9,988,217 |
| Net assets, start / end of year | $96.3M / $120.5M |
| Active participants, start / end of year | 1,688 / 1,771 |
| Participants with account balances | 1,674 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Parsons CPA, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $161,969 reported compensation |
| Strategic Advisors, Inc. | $50,455 reported compensation |
| Kestra Investment Services LLC | $45,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015183533NAL0002766755001, received 2025-10-15, EIN 56-2193588, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.