Plan5500

Velocity Credit Union — Form 5500 filings & benefit plans

Form 5500 plan sponsor 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 Credit Union (EIN 74-1200165) is a plan sponsor located in Austin, TX with 3 reported benefit plan(s) in the loaded dataset. The latest loaded Form 5500 filing year is 2023.

Company overview (based on loaded 2023 public filings)

EIN
74-1200165
Location
Austin, TX
Loaded plans
3
Latest filing year
2023

This is a company / sponsor profile — aggregate totals across all of this employer's loaded plans. Open an individual plan below for its own full financial statement.

What stands out for Velocity Credit Union

  • 3 loaded plans hold $64.2M in reported assets.
  • The largest, Velocity Credit Union Pension Plan, holds 74% of this company's reported plan assets.
  • Plans cover 709 reported participants.
  • 2 of 3 plans report full financial statements.
  • 2 report Schedule C provider compensation.
Aggregate financials · 2023

Reported financial aggregate

Total reported net assets$64.2MSummed across loaded plans$64,223,422
Total reported assets$64.2M$64,223,422
Total reported participants709
Total reported liabilities$0

Reported net position

Reported assets = net assets + liabilities (summed)$64.2M total assets
Net assets$64.2MLiabilities$0
Contributions & income
Employer contributions$390K
Participant contributions$774.5K
Total income / additions$10.4M
Expenses & distributions
Benefits paid / distributions$1M
Total expenses$1.1M
Net increase / (decrease)$9.3M

Data coverage

Plans with financial statements2 / 3 (67%)
Plans with provider compensation2 / 3 (67%)

Totals sum the latest loaded 2023 public Form 5500 filing per plan for this company's plans — one filing per plan, so multiple years are never double-counted. Figures are reported values from loaded Schedule H / I (and Schedule C for provider compensation); fields a plan did not report are treated as missing, not zero. These are not audited or official totals.

Computed from loaded plans

Portfolio comparison

Largest plan share of assets74%Velocity Credit Union Pension Plan
Participants per plan236Average across loaded plans
Loaded plans3
Ranked by reported assets

Largest loaded plans

Bars show each plan's reported end-of-year assets relative to the largest.

  1. 1
    Velocity Credit Union Pension Plan$47.3M
    Plan #012 · 182 participants · 2023
  2. 2
    Velocity Credit Union Thrift And Savings Plan$16.9M
    Plan #033 · 254 participants · 2023
  3. 3
    Velocity Credit Union Health And Welfare Plannot reported in the loaded dataset
    Plan #503 · 273 participants · 2023

All loaded plans by assets → · By participants → · With financial statements → · With provider compensation →

EFAST2 filings

Latest loaded filings

Most recent loaded Form 5500 filings for Velocity Credit Union. Open one for its full reported snapshot.

  1. 2023
    Velocity Credit Union Health And Welfare Plan273 participants · 2No schedules
    View filing →
  2. 2023
    Velocity Credit Union Pension Plan182 participants · 2Sch HSch C
    View filing →
  3. 2023
    Velocity Credit Union Thrift And Savings Plan254 participants · 2Sch HSch C
    View filing →

What to inspect next

Frequently asked questions

How many benefit plans does Velocity Credit Union report on Form 5500?
Velocity Credit Union (EIN 74-1200165) reports 3 benefit plan(s) in the loaded Form 5500 dataset.
What is the EIN for Velocity Credit Union?
The Employer Identification Number (EIN) reported for Velocity Credit Union is 74-1200165.
What is the latest Form 5500 filing year for Velocity Credit Union?
The latest loaded Form 5500 filing year for Velocity Credit Union is 2023.

Related Form 5500 pages