2023 Form 5500 filing — Team Velocity Marketing, LLC 401(K) 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 20240812125142NAL0009349937001) for Team Velocity Marketing, LLC 401(K) Plan, reported by Team Velocity Marketing, LLC under EIN 27-4215568 and plan number 001. It reports 445 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240812125142NAL0009349937001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Team Velocity Marketing, LLC
- EIN
- 27-4215568
- Plan number
- 001
- Location
- Herndon, VA
- Participants
- 445
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $23,363,894
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,363,894
- Employer contributions
- $613,198
- Participant contributions
- $2,317,122
- Total income / additions
- $6,698,021
- Benefits paid
- $1,251,274
- Administrative expenses
- $3,588
- Total expenses
- $1,254,862
- Net increase / (decrease)
- $5,443,159
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Nylife Securities Inc | ADVISOR | $0 | $94,278 |
| Fidelity Investments Institutional | RECORDKEEPER | $3,588 | $0 |