401(k) · DOL Form 5500 · 2023

Avnet, Inc. 401(k) Plan

Data updated 2026-08-25

$609M
Total assets Above avg plan size
2,972
Participants Above avg headcount
98th
Percentile by assets National rank
$204,942
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#18,045
in Manufacturing (18,722 peers)
+13.3%
assets growth YoY
6.1×
vs typical plan assets (national mean)

Avnet 401(k) Plan's outsized position by total assets

Avnet 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$609,087,239 Top 2% higher than 98% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Avnet 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Avnet 401(k) Plan lands in the large band (2,972 participants).

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.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 111890605 · Avnet, Inc. PY 2023 · 401(k)

Avnet 401(k) Plan · $609M · 2,972 · 98th

  • VS-ST $609M
  • BOY 2,972
  • SCH 98th
  • EBSA 401(k)
  • PART near Breakthru Beverage Group 40 L(K) Plan
  • TYPE ind #18045

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Arizona →

Avnet 401(k) Plan in the asset neighbourhood

Ellucian Retirement Plan$609MPenn Entertainment, Inc. 401(k) PlanPenn Entertainment, Inc. 401…$609MAvnet 401(k) Plan$609MBreakthru Beverage Group 40 L(K) PlanBreakthru Beverage Group 40 …$609MFederated Hermes, Inc. Employees Profit Sharing / 401(k) PlanFederated Hermes, Inc. Emplo…$608M
End-of-year total assets ($M) among Avnet 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Arizona filing particulars

Total Assets (Beginning of Year)$538M
Net Assets (End of Year)$609M
Net Income$71M
Employer EIN111890605
Plan Effective Date1991-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Avnet, Inc.)

Sponsor-wide plan assets over time

All Avnet, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 2.8622881680677876% vs 2022
2024 filing year
$1.09B$1.1B$1.11B$1.12B$1.13B$1.14B 202220232024 $1.13B $1.1B ▼ -2.7%
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 Scatter plot of 6 data points. 0200004000060000 0246 Total assets ($B) Participants Avnet 401(k) Plan, Total assets ($B): 0.609087239 · Participants: 2972Avnet 401(k) PlanBechtel Trust & Thrift Plan, Total assets ($B): 5.691074806 · Participants: 7448Bechtel Trust & Thrift PlanBanner Health Employees 401(k) Plan, Total assets ($B): 4.270882725 · Participants: 52452Banner Health Employees 401(k) PlanRepublic Services, Inc. 401(k) Plan, Total assets ($B): 2.379834679 · Participants: 28131Republic Services, Inc. 401(k) PlanFreeport-Mcmoran Inc. Employee Capital Accumulation Program, Total assets ($B): 2.323111586 · Participants: 13105Freeport-Mcmoran Inc. Employee Capital Accumulation ProgramStantec 401(k) Plan, Total assets ($B): 2.021683156 · Participants: 10719Stantec 401(k) Plan
Avnet 401(k) Plan vs. nearby 401(k) plans in Arizona, assets vs. participants
Compare Avnet 401(k) Plan side-by-side with 3 peers →

Avnet 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Arizona, the nearest 401(k) by assets is Breakthru Beverage Group 40 L(K) Plan in NY ($609M); by covered participants it is Black Hills Corporation 401(k) Retirement Savings Plan in SD (2,972 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($609M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,972 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Avnet 401(k) Plan assets move in 2023? ▼
Avnet 401(k) Plan grew at a solid clip - up 13.3% during 2023, from $538M to $609M. Reported net income was $71M.
How have Avnet, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Avnet, Inc.'s sponsor-wide assets declined 2.9%, from $1.1B to $1.1B.
Where does Avnet 401(k) Plan rank by assets among Form 5500 filers? ▼
Avnet 401(k) Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Avnet 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Breakthru Beverage Group 40 L(K) Plan in NY ($609M, 5,549 participants).
Which 401(k) plans cover a similar participant headcount to Avnet 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Black Hills Corporation 401(k) Retirement Savings Plan in SD (2,972 participants, $727M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 111890605.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.