Veltek Associates Inc 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Veltek Associates 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, Veltek Associates Inc 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Veltek Associates Inc under EIN 23-2646423 and plan number 001. The latest loaded filing year is 2023. The filing reports 193 participants and $22,799,121 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Veltek Associates Inc
- EIN
- 23-2646423
- Plan number
- 001
- Plan type
- 2
- Location
- Malvern, PA
- Latest filing year
- 2023
- Participants
- 193
- End-of-year plan assets
- $22,799,121
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 193 | H, C | 20241014132327NAL0046110880001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $22,799,121
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $22,799,121
- Net assets (BOY)
- $19,911,564
Income & contributions
- Employer contributions
- $1,059,609
- Participant contributions
- $1,151,395
- Total contributions
- $2,227,038
- Total income / additions
- $5,244,355
Expenses & distributions
- Benefits paid
- $2,251,318
- Administrative expenses
- $71,671
- Total expenses
- $2,356,798
- Net increase / (decrease)
- $2,887,557
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Advisornet Financial | ADVISOR | $45,479 | not reported in the loaded dataset | 2023 |
| Paychex, Inc. | RECORDKEEPER | $15,690 | not reported in the loaded dataset | 2023 |
| Erisa Fiduciary Services, Inc. | CONTRACT ADMINISTRATOR | $6,765 | not reported in the loaded dataset | 2023 |