2023 Form 5500 filing — Velocity Clinical Research 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 20241015144224NAL0028802529001) for Velocity Clinical Research 401(K) Plan, reported by Velocity Clinical Research, Inc under EIN 82-3171064 and plan number 001. It reports 878 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)$26.8MReported net assets$26,827,746
Participants878
Provider compensation$106.6K2 Schedule C row(s)$106,593
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241015144224NAL0028802529001
- Plan sponsor
- Velocity Clinical Research, Inc
- EIN
- 82-3171064
- Plan number
- 001
- Location
- Durham, NC
- Received date
- not reported in the loaded dataset
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)$26.8M total assets
Net assets$26.8MLiabilities$0
Full reported line items
- Total assets (EOY)
- $26,827,746
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,827,746
- Employer contributions
- $2,757,686
- Participant contributions
- $5,471,577
- Total income / additions
- $12,300,451
- Benefits paid
- $2,745,706
- Administrative expenses
- $106,593
- Total expenses
- $2,860,354
- Net increase / (decrease)
- $9,440,097
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock | RECORDKEEPER | $65,021 | $0 |
| First Allied Inc. | INVESTMENT ADVISORY | $41,572 | not reported in the loaded dataset |