2023 Form 5500 filing — Velocity Solutions, LLC 401(K) Plan

Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241009102817NAL0009106611001) for Velocity Solutions, LLC 401(K) Plan, reported by Velocity Solutions, LLC under EIN 56-1928548 and plan number 001. It reports 125 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$16.2MReported net assets$16,174,714
Participants125
Provider compensation$8.8K1 Schedule C row(s)$8,758
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20241009102817NAL0009106611001
Plan sponsor
Velocity Solutions, LLC
EIN
56-1928548
Plan number
001
Location
Fort Lauderdale, FL
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$16.2M total assets
Net assets$16.2MLiabilities
Money in vs. money out
Total income / additions$4.1M
Total expenses$281K
Benefits paid / distributions$270.3K
Contributions
Employer$448.1K
Participant$1.2M
Full reported line items
Total assets (EOY)
$16,174,714
Net assets (EOY)
$16,174,714
Employer contributions
$448,114
Participant contributions
$1,224,411
Total income / additions
$4,053,925
Benefits paid
$270,267
Administrative expenses
$10,724
Total expenses
$280,991
Net increase / (decrease)
$3,772,934
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    INVESTMENT MGMT · Direct $8.8K

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241009102817NAL0009106611001 cover?
It is the 2023 Form 5500 filing for Velocity Solutions, LLC 401(K) Plan, reported by Velocity Solutions, LLC (EIN 56-1928548).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages