2023 Form 5500 filing — Velocity Machine, Inc. 401(K) Retirement Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240711071321NAL0018004353001) for Velocity Machine, Inc. 401(K) Retirement Plan, reported by Velocity Machine, Inc. under EIN 39-1939229 and plan number 001. It reports 133 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240711071321NAL0018004353001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Velocity Machine, Inc.
- EIN
- 39-1939229
- Plan number
- 001
- Location
- De Pere, WI
- Participants
- 133
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,877,525
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,877,525
- Employer contributions
- $305,953
- Participant contributions
- $598,962
- Total income / additions
- $1,777,086
- Benefits paid
- $342,182
- Administrative expenses
- $56,032
- Total expenses
- $398,214
- Net increase / (decrease)
- $1,378,872
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Kestra Advisory Services LLC | INVESTMENT ADVISORY | $36,967 | not reported in the loaded dataset |
| Transamerica Life Ins Co | RECORDKEEPER | $15,739 | $0 |
| Pension Inc | THIRD PARTY ADMIN | $2,325 | $0 |
| Mesirow Financial Inc | INVESTMENT ADVISORY | $1,001 | not reported in the loaded dataset |