401(k) · DOL Form 5500 · 2023

Avidxchange, Inc. 401(k) Plan

Data updated 2026-08-25

$96M
Total assets Below avg plan size
1,677
Participants Near avg headcount
91st
Percentile by assets National rank
$57,411
Avg per participant Low balance/head
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Official DOL plan name: Avidxchange, Inc. 401(k) Plan · Sponsored by Avidxchange, Inc. · North Carolina · Professional & Technical Services

$96M in assets, 1,677 participants

Avidxchange, Inc.'s Avidxchange, Inc. 401(k) Plan reported $96M in total assets and 1,677 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

  • #18,737 in Professional & Technical Services (20,321 peers)

Coverage in North Carolina

Avidxchange, Inc. 401(k) Plan covers 1,677 participants in North Carolina, 2.0x the typical North Carolina plan (state average ~819 per filing). Assets: $96M.

#18,737
in Professional & Technical Services (20,321 peers)
+34.7%
assets growth YoY
1.0×
vs typical plan assets (national mean)

Avidxchange, Inc. 401(k) Plan's outsized position by total assets

Avidxchange, Inc. 401(k) Plan vs every filed plan by assets

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

$96,278,749 Top 9% higher than 91% 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

Avidxchange, Inc. 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. Avidxchange, Inc. 401(k) Plan lands in the large band (1,677 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Avidxchange, Inc. 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $25M in the plan year 2023 filing.
  • Avidxchange, Inc. 401(k) Plan end-of-year assets rose from $71M in the plan year 2022 filing to $96M in the plan year 2023 filing.
  • Avidxchange, Inc. 401(k) Plan reported participants fell from 1,714 in the plan year 2022 filing to 1,677 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 562193588 · Avidxchange, Inc. PY 2023 · 401(k)

Avidxchange, Inc. 401(k) Plan · $96M · 1,677 · 91st

  • EBSA $96M
  • PART 1,677
  • TYPE 91st
  • NET 401(k)
  • BOOK near Ghirardelli Chocolate Company 401(k) Retirement & Savings Plan
  • VS-ST ind #18737

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 Professional & Technical Services retirement plans → · Plans in North Carolina →

Avidxchange, Inc. 401(k) Plan in the asset neighbourhood

Avidxchange, Inc. 401(k) Plan$96MGhirardelli Chocolate Company 401(k) Retirement & Savings PlanGhirardelli Chocolate Compan…$96MAnesthesia Associates of Morristown P.a. Savings and Investment PlanAnesthesia Associates of Mor…$96MSavings Plan for Hourly Employees of Ocean Spray Cranberries, Inc.Savings Plan for Hourly Empl…$96MDp Fox Holdings 401(k) Plan$96M
End-of-year total assets ($M) among Avidxchange, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$71M
Net Assets (End of Year)$96M
Net Income$25M
Employer EIN562193588
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Avidxchange, Inc.)

Sponsor-wide plan assets over time

All Avidxchange, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$120M 68.48439741052992% vs 2022
2024 filing year
$60M$80M$100M$120M$140M 202220232024 $71.5M $120M ▲ +68.5%
Year Plans Participants Total Assets
2022 1 1,714 $71M
2023 1 1,677 $96M
2024 1 1,688 $120M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Avidxchange, Inc. 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Avidxchange, Inc. 401(k) Plan, Total assets ($B): 0.096278749 · Participants: 1677Avidxchange, Inc. 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Avidxchange, Inc. 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Avidxchange, Inc. 401(k) Plan side-by-side with 3 peers →

Avidxchange, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Ghirardelli Chocolate Company 401(k) Retirement & Savings Plan in CA ($96M); by covered participants it is Xator 401(k) Retirement Plan in VA (1,677 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,677 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 Avidxchange, Inc. 401(k) Plan assets move in 2023? ▼
Avidxchange, Inc. 401(k) Plan surged - up 34.7% during 2023, from $71M to $96M. Reported net income was $25M.
How have Avidxchange, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Avidxchange, Inc.'s sponsor-wide assets grew 68.5%, from $71M to $120M.
Where does Avidxchange, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Avidxchange, Inc. 401(k) Plan ranks in the 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Avidxchange, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ghirardelli Chocolate Company 401(k) Retirement & Savings Plan in CA ($96M, 760 participants).
Which 401(k) plans cover a similar participant headcount to Avidxchange, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Xator 401(k) Retirement Plan in VA (1,677 participants, N/A 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 562193588.

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.