2023 Form 5500 filing — Velocity 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 20251017194215NAL0009733056001) for Velocity 401(K) Plan, reported by Velocity, A Managed Services Company, Inc. under EIN 20-3677651 and plan number 001. It reports 814 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)$9.6MReported net assets$9,569,774
Participants814
Provider compensation$68.6K2 Schedule C row(s)$68,554
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20251017194215NAL0009733056001
- Plan sponsor
- Velocity, A Managed Services Company, Inc.
- EIN
- 20-3677651
- Plan number
- 001
- Location
- Holland, OH
- 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)$9.6M total assets
Net assets$9.6MLiabilities$938
Full reported line items
- Total assets (EOY)
- $9,570,712
- Total liabilities (EOY)
- $938
- Net assets (EOY)
- $9,569,774
- Employer contributions
- $900,836
- Participant contributions
- $1,484,900
- Total income / additions
- $3,642,584
- Benefits paid
- $1,387,615
- Administrative expenses
- $73,385
- Total expenses
- $1,461,000
- Net increase / (decrease)
- $2,181,584
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Stancorp Financial Group | NONE | $46,612 | not reported in the loaded dataset |
| Venture Visionary Partners LLC | NONE | $21,942 | not reported in the loaded dataset |