Velocity Commercial Capital, LLC 401(K) Plan — Form 5500 plan (Velocity Commercial Capital, 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, Velocity Commercial Capital, LLC 401(K) Plan is a benefit plan reported by Velocity Commercial Capital, LLC under EIN 20-1193192 and plan number 001. The latest loaded filing year is 2023. The filing reports 301 participants and $17,010,581 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Velocity Commercial Capital, LLC
- EIN
- 20-1193192
- Plan number
- 001
- Plan type
- 2
- Location
- Westlake Village, CA
- Latest filing year
- 2023
- Participants
- 301
- End-of-year plan assets
- $17,010,581
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 301 | H, C | 20241015093409NAL0014321539001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,010,581
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,010,581
- Net assets (BOY)
- $11,919,777
Income & contributions
- Employer contributions
- $955,581
- Participant contributions
- $2,276,365
- Total contributions
- $3,441,526
- Total income / additions
- $5,840,619
Expenses & distributions
- Benefits paid
- $565,167
- Administrative expenses
- $184,648
- Total expenses
- $749,815
- Net increase / (decrease)
- $5,090,804
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lpl Financial | INVESTMENT ADVISORY-PLAN | $54,211 | not reported in the loaded dataset | 2023 |
| Transamerica Life Insurance Company | RECORDKEEPER | $32,668 | $0 | 2023 |
| Pentegra Services, Inc. | RECORDKEEPER | $19,195 | $0 | 2023 |
| Planchec(K) Cpas | AUDIT | $9,500 | not reported in the loaded dataset | 2023 |
| Fiduciary Outsourcing LLC | PLAN ADMIN | $1,033 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Velocity Commercial Capital, LLC
- 2023 Form 5500 filing
- Form 5500 filings in CA
- 401(k) and benefit plan filings in Westlake Village, CA
- Lpl Financial — Schedule C compensation
- Transamerica Life Insurance Company — Schedule C compensation
- Pentegra Services, Inc. — Schedule C compensation
- Planchec(K) Cpas — Schedule C compensation
- Fiduciary Outsourcing LLC — Schedule C compensation