Plain-English plan 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, Avid Technology, Inc. 401(K) Plan is a benefit plan reported by Avid Technology, Inc. under EIN 04-2977748 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,118 participants and $239,006,177 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $239,006,177
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $239,006,177
- Net assets (BOY)
- $207,067,082
Income & contributions
- Employer contributions
- $1,878,692
- Participant contributions
- $6,874,659
- Total contributions
- $9,596,306
- Total income / additions
- $57,454,840
Expenses & distributions
- Benefits paid
- $25,518,513
- Administrative expenses
- -$8,870
- Total expenses
- $25,515,745
- Net increase / (decrease)
- $31,939,095