Premium Velocity Auto, LLC Retirement Plan — Form 5500 plan (Premium Velocity Auto, LLC)
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, Premium Velocity Auto, LLC Retirement Plan is a benefit plan reported by Premium Velocity Auto, LLC under EIN 83-3555551 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,922 participants and $4,222,364 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$4.2MPlan net assets, end of year$4,222,364
Participants1.9KCovered participants reported1,922
Assets / participant$2.2KComputed: assets ÷ participants$2,197 (computed)
Provider compensation$15.1K1 Schedule C provider row(s)$15,139
- Plan sponsor
- Premium Velocity Auto, LLC
- EIN
- 83-3555551
- Plan number
- 001
- Plan type
- 2
- Location
- Raleigh, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,922 | H, C | 20241015160433NAL0029040705001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$4.2M total assets
Net assets$4.2MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $4,222,364
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,222,364
- Net assets (BOY)
- $1,007,291
Income & contributions
- Employer contributions
- $534,374
- Participant contributions
- $918,637
- Total contributions
- $3,178,657
- Total income / additions
- $3,609,943
Expenses & distributions
- Benefits paid
- $379,731
- Administrative expenses
- $15,139
- Total expenses
- $394,870
- Net increase / (decrease)
- $3,215,073
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
37%63%
Employer 37%Participant 63%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income11%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Vanguard Group, Inc. | NONE | $15,139 | $0 | 2023 |