Vms Tax Sheltered Retirement Plan — Form 5500 plan (Vip Cycle & Sports Center, Inc.)

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, Vms Tax Sheltered Retirement Plan is a benefit plan reported by Vip Cycle & Sports Center, Inc. under EIN 22-1837856 and plan number 001. The latest loaded filing year is 2023. The filing reports 143 participants and $8,635,235 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$8.6MPlan net assets, end of year$8,635,235
Participants143Covered participants reported
Assets / participant$60.4KComputed: assets ÷ participants$60,386 (computed)
Provider compensation$16.5K2 Schedule C provider row(s)$16,499
Plan sponsor
Vip Cycle & Sports Center, Inc.
EIN
22-1837856
Plan number
001
Plan type
2
Location
North Plainfield, NJ
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    143 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$8.6M total assets
Net assets$8.6MLiabilities$0
Money in vs. money out
Total income / additions$1.8M
Total expenses$168K
Benefits paid / distributions$165.9K
Contributions
Employer$53.4K
Participant$533.8K
Full reported line items

Net assets

Total assets (EOY)
$8,635,235
Total liabilities (EOY)
$0
Net assets (EOY)
$8,635,235
Net assets (BOY)
$7,021,740

Income & contributions

Employer contributions
$53,416
Participant contributions
$533,821
Total contributions
$587,237
Total income / additions
$1,781,471

Expenses & distributions

Benefits paid
$165,912
Administrative expenses
$2,064
Total expenses
$167,976
Net increase / (decrease)
$1,613,495
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 9%Participant 91%
Total expenses ÷ net assets2%Computed ratio
Benefits paid ÷ total income9%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    ADVISOR · Direct $0 · Indirect $14.4K
  2. 2
    RECORDKEEPER · Direct $2.1K · Indirect $0

What to inspect next

Frequently asked questions

Who sponsors the Vms Tax Sheltered Retirement Plan?
Vms Tax Sheltered Retirement Plan is reported as sponsored by Vip Cycle & Sports Center, Inc. (EIN 22-1837856, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Vms Tax Sheltered Retirement Plan?
The latest Form 5500 filing year loaded for Vms Tax Sheltered Retirement Plan is 2023.
How many participants does Vms Tax Sheltered Retirement Plan report?
Vms Tax Sheltered Retirement Plan reports 143 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Vms Tax Sheltered Retirement Plan?
Vms Tax Sheltered Retirement Plan reports $8,635,235 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages