2023 Form 5500 filing — Velocity Medtech 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 20250116173246NAL0037382800001) for Velocity Medtech 401(K) Plan, reported by Medtech 7 Holdings, LLC Dba Velocity Medtech under EIN 81-4589293 and plan number 001. It reports 275 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250116173246NAL0037382800001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Medtech 7 Holdings, LLC Dba Velocity Medtech
- EIN
- 81-4589293
- Plan number
- 001
- Location
- Totowa, NJ
- Participants
- 275
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,043,444
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,043,444
- Employer contributions
- $294,382
- Participant contributions
- $606,970
- Total income / additions
- $1,684,926
- Benefits paid
- $624,070
- Administrative expenses
- $34,347
- Total expenses
- $658,417
- Net increase / (decrease)
- $1,026,509
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $16,270 | $0 |
| Global Retirement Partners LLC | INVESTMENT ADVISOR | $15,292 | not reported in the loaded dataset |
| Law Offices Of Ed Frado LLC | INVESTMENT ADVISOR | $1,578 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $1,207 | not reported in the loaded dataset |