2023 Form 5500 filing — Velocity Commercial Capital, 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 20241015093409NAL0014321539001) for Velocity Commercial Capital, LLC 401(K) Plan, reported by Velocity Commercial Capital, LLC under EIN 20-1193192 and plan number 001. It reports 301 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015093409NAL0014321539001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Velocity Commercial Capital, LLC
- EIN
- 20-1193192
- Plan number
- 001
- Location
- Westlake Village, CA
- Participants
- 301
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $17,010,581
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,010,581
- Employer contributions
- $955,581
- Participant contributions
- $2,276,365
- Total income / additions
- $5,840,619
- Benefits paid
- $565,167
- Administrative expenses
- $184,648
- Total expenses
- $749,815
- Net increase / (decrease)
- $5,090,804
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lpl Financial | INVESTMENT ADVISORY-PLAN | $54,211 | not reported in the loaded dataset |
| Transamerica Life Insurance Company | RECORDKEEPER | $32,668 | $0 |
| Pentegra Services, Inc. | RECORDKEEPER | $19,195 | $0 |
| Planchec(K) Cpas | AUDIT | $9,500 | not reported in the loaded dataset |
| Fiduciary Outsourcing LLC | PLAN ADMIN | $1,033 | not reported in the loaded dataset |