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Recordkeeping fees per participant · Avid Bioservices, Inc. 401(k) Plan · plan year 2024
$73.95
Higher than 46% of the 14,075 plans $10 to 50M that report it.
= $35,939 / 486
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015143125NAL0002572227001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015143125NAL0002572227001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Administrative expenses excluding investment management, per participant
$73.95
Higher than 33% of the 24,371 plans $10 to 50M that report it.
= $35,939 / 486
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015143125NAL0002572227001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015143125NAL0002572227001, received 2025-10-15
Administrative expenses per participant
$187.12
Higher than 47% of the 25,098 plans $10 to 50M that report it.
= $90,939 / 486
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015143125NAL0002572227001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015143125NAL0002572227001, received 2025-10-15
Administrative expenses as a share of assets
0.223%
Higher than 38% of the 25,132 plans $10 to 50M that report it.
= $90,939 / $40,781,846
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015143125NAL0002572227001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015143125NAL0002572227001, received 2025-10-15
Employer contributions per participant
$2,201
Higher than 54% of the 24,050 plans $10 to 50M that report it.
= $1,069,739 / 486
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015143125NAL0002572227001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015143125NAL0002572227001, received 2025-10-15
Employer share of total contributions
23.8%
Higher than 36% of the 24,084 plans $10 to 50M that report it.
= $1,069,739 / $4,500,697
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015143125NAL0002572227001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015143125NAL0002572227001, received 2025-10-15
Employer match
“However, we match 50% of employee contributions of up to 6% of their annual eligible compensation.”
Form 10-K filed 2024-07-02, for the year ended 2024-04-30 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2024-04-30. Figures cover plan year 2024. The plan document governs.
2F ERISA 404(c) plan · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015143125NAL0002572227001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | AVID BIOSERVICES, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Plan name | AVID BIOSERVICES, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Sponsor EIN / plan number | 95-3698422 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Sponsor location | TUSTIN, CA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Industry (business code) | 339110, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Participants, beginning of year | 475 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Active participants | 375 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Participants, end of year | 486 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Participants with an account balance | 486 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Total assets, beginning of year | $33,744,440 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Total assets, end of year | $40,781,846 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Net assets, end of year | $40,781,846 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Total income | $9,211,588 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Net income | $7,037,406 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Employer contributions | $1,069,739 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Participant contributions | $3,280,590 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $150,368 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Total contributions | $4,500,697 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Benefit payments | $2,061,858 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $2,174,182 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Total administrative expenses | $90,939 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Recordkeeping fees | $35,939 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Investment advisory and management fees | $55,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Administrative expenses excluding investment management | $35,939 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Held in common/collective trusts | $22,503,960 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Held in mutual funds | $11,350,191 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015143125NAL0002572227001, received 2025-10-15 |
| Independent auditor | CROWE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015143125NAL0002572227001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015143125NAL0002572227001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| NFP RETIREMENT INC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $55,000 | no |
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $35,939 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015143125NAL0002572227001, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $33,744,440 | $40,781,846 | 20.9% |
| Participants with a balance | 465 | 486 | 4.5% |
| Administrative expenses | $85,901 | $90,939 | 5.9% |
| Recordkeeping fees per participant | $66.45 | $73.95 | 11.3% |
| Employer contributions | $997,447 | $1,069,739 | 7.2% |
Prior filing 20241203140038NAL0001637859001, received 2024-12-03; the plan years are contiguous.
Sponsor name as filed: AVID BIOSERVICES, INC.; SEC registrant: Avid Bioservices, Inc. (CIK 704562, matched by EIN; display name from the Form 10-K cover).