Retirement Savings At Velcro 401(K) Plan — Form 5500 plan (Velcro Usa Inc.)
Plain-English plan 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, Retirement Savings At Velcro 401(K) Plan is a benefit plan reported by Velcro Usa Inc. under EIN 13-2597668 and plan number 005. The latest loaded filing year is 2023. The filing reports 987 participants and $97,365,418 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Velcro Usa Inc.
- EIN
- 13-2597668
- Plan number
- 005
- Plan type
- 2
- Location
- Manchester, NH
- Latest filing year
- 2023
- Participants
- 987
- End-of-year plan assets
- $97,365,418
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 987 | H, C | 20241009092934NAL0010479363001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $97,365,418
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $97,365,418
- Net assets (BOY)
- $90,271,014
Income & contributions
- Employer contributions
- $2,813,452
- Participant contributions
- $4,908,085
- Total contributions
- $8,394,300
- Total income / additions
- $23,714,868
Expenses & distributions
- Benefits paid
- $16,566,196
- Administrative expenses
- $40,045
- Total expenses
- $16,620,464
- Net increase / (decrease)
- $7,094,404
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Strategic Advisors, Inc. | ADVISOR | $30,879 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $9,266 | $0 | 2023 |