401(k) · DOL Form 5500 · 2023
Avnet, Inc. 401(k) Plan
Data updated 2026-08-11
- $609M
- Total assets
- 2,972
- Participants
- 98th
- Percentile by assets
- $204,942
- Avg per participant
Official DOL plan name: Avnet 401(k) Plan · Sponsored by Avnet, Inc. · Arizona · Manufacturing
$609M in assets, 2,972 participants
Avnet, Inc.'s Avnet 401(k) Plan reported $609M in total assets and 2,972 participants in its 2023 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 98th percentile by assets (of 127,072 plans)
- #18,045 in Manufacturing (18,722 peers)
Coverage in Arizona
Avnet 401(k) Plan covers 2,972 participants in Arizona, 5.3x the typical Arizona plan (state average ~564 per filing). Assets: $609M.
- $609M
- total plan assets (2023 EOY)
- 2,972
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $204,942
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Avnet 401(k) Plan reported net income rose from -$143M in the plan year 2022 filing to $71M in the plan year 2023 filing.
- Avnet 401(k) Plan end-of-year assets rose from $538M in the plan year 2022 filing to $609M in the plan year 2023 filing.
- Avnet 401(k) Plan reported participants rose from 2,900 in the plan year 2022 filing to 2,972 in the plan year 2023 filing.
Participants vs Arizona filers
In Arizona, the average filing covers about 564 participants across 2,304 plans. Avnet 401(k) Plan reports 2,972 participants - 5.3x that state average ($609M EOY assets).
Arizona filing particulars
| Total Assets (Beginning of Year) | $538M |
|---|---|
| Net Assets (End of Year) | $609M |
| Net Income | $71M |
| Employer EIN | 111890605 |
| Plan Effective Date | 1991-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Avnet, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 5,509 | $1.1B |
| 2023 | 2 | 5,455 | $1.1B |
| 2024 | 2 | 5,761 | $1.1B |
Nearby 401(k) Plans in Arizona
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Avnet 401(k) Plan vs. nearby 401(k) plans in Arizona, assets vs. participants
- Bechtel Trust & Thrift Plan $5.7B · 7,448
- Banner Health Employees 401(k) Plan $4.3B · 52,452
- Republic Services, Inc. 401(k) Plan $2.4B · 28,131
- Freeport-Mcmoran Inc. Employee Capital Accumulation Program $2.3B · 13,105
- Stantec 401(k) Plan $2.0B · 10,719
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Avnet 401(k) Plan by total assets, not by location.
- Breakthru Beverage Group 40 L(K) Plan (NY) $609M · 5,549
- Penn Entertainment, Inc. 401(k) Plan (PA) $609M · 19,904
- Ellucian Retirement Plan (VA) $609M · 2,339
- Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan (PA) $608M · 1,412
Frequently Asked Questions
How did Avnet 401(k) Plan assets move in 2023? ▼
How have Avnet, Inc. plan assets changed over time? ▼
Where does Avnet 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Avnet 401(k) Plan? ▼
Next read for Avnet 401(k) Plan
Filing takeaways
Ways to act on Avnet 401(k) Plan's numbers.
- By total assets, Avnet 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Arizona. Compare plans
- Avnet, Inc.'s sponsor-wide assets have declined 2.9% since 2022 across 3 plan years on file. More Manufacturing plans