2023 Form 5500 filing — Velocity Clinical Research 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 20241015144224NAL0028802529001) for Velocity Clinical Research 401(K) Plan, reported by Velocity Clinical Research, Inc under EIN 82-3171064 and plan number 001. It reports 878 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015144224NAL0028802529001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Velocity Clinical Research, Inc
- EIN
- 82-3171064
- Plan number
- 001
- Location
- Durham, NC
- Participants
- 878
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $26,827,746
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,827,746
- Employer contributions
- $2,757,686
- Participant contributions
- $5,471,577
- Total income / additions
- $12,300,451
- Benefits paid
- $2,745,706
- Administrative expenses
- $106,593
- Total expenses
- $2,860,354
- Net increase / (decrease)
- $9,440,097
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock | RECORDKEEPER | $65,021 | $0 |
| First Allied Inc. | INVESTMENT ADVISORY | $41,572 | not reported in the loaded dataset |