Plan5500

Velocity 401(K) Plan — Form 5500 plan (Velocity, A Managed Services Company, 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, Velocity 401(K) Plan is a benefit plan reported by Velocity, A Managed Services Company, Inc. under EIN 20-3677651 and plan number 001. The latest loaded filing year is 2023. The filing reports 814 participants and $9,570,712 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Velocity, A Managed Services Company, Inc.
EIN
20-3677651
Plan number
001
Plan type
2
Location
Holland, OH
Latest filing year
2023
Participants
814
End-of-year plan assets
$9,570,712

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023814H, C20251017194215NAL0009733056001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$9,570,712
Total liabilities (EOY)
$938
Net assets (EOY)
$9,569,774
Net assets (BOY)
$7,388,190

Income & contributions

Employer contributions
$900,836
Participant contributions
$1,484,900
Total contributions
$2,518,188
Total income / additions
$3,642,584

Expenses & distributions

Benefits paid
$1,387,615
Administrative expenses
$73,385
Total expenses
$1,461,000
Net increase / (decrease)
$2,181,584

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Stancorp Financial GroupNONE$46,612not reported in the loaded dataset2023
Venture Visionary Partners LLCNONE$21,942not reported in the loaded dataset2023

Related Form 5500 pages