2023 Form 5500 filing — Velocity Global Usa LLC 401(K) Profit Sharing 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 20241014163920NAL0013634499001) for Velocity Global Usa LLC 401(K) Profit Sharing Plan, reported by Velocity Global Usa LLC under EIN 47-3949189 and plan number 002. It reports 3,648 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014163920NAL0013634499001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Velocity Global Usa LLC
- EIN
- 47-3949189
- Plan number
- 002
- Location
- Denver, CO
- Participants
- 3,648
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $23,033,413
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,033,413
- Employer contributions
- $646,403
- Participant contributions
- $6,917,374
- Total income / additions
- $11,572,106
- Benefits paid
- $2,533,991
- Administrative expenses
- $315,799
- Total expenses
- $2,849,790
- Net increase / (decrease)
- $8,722,316
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Primark Benefits | N/A | $259,704 | not reported in the loaded dataset |
| Portico Wealth Advisors, LLC | N/A | $35,879 | not reported in the loaded dataset |
| Charles Schwab | N/A | $20,217 | not reported in the loaded dataset |