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 Global Usa LLC 401(K) Profit Sharing Plan is a benefit plan reported by Velocity Global Usa LLC under EIN 47-3949189 and plan number 002. The latest loaded filing year is 2023. The filing reports 3,648 participants and $23,033,413 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,033,413
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,033,413
- Net assets (BOY)
- $14,311,097
Income & contributions
- Employer contributions
- $646,403
- Participant contributions
- $6,917,374
- Total contributions
- $8,390,067
- Total income / additions
- $11,572,106
Expenses & distributions
- Benefits paid
- $2,533,991
- Administrative expenses
- $315,799
- Total expenses
- $2,849,790
- Net increase / (decrease)
- $8,722,316