Velocity Medtech 401(K) Plan — Form 5500 plan (Medtech 7 Holdings, LLC Dba Velocity Medtech)
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 Medtech 401(K) Plan is a benefit plan reported by Medtech 7 Holdings, LLC Dba Velocity Medtech under EIN 81-4589293 and plan number 001. The latest loaded filing year is 2023. The filing reports 275 participants and $6,043,444 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Medtech 7 Holdings, LLC Dba Velocity Medtech
- EIN
- 81-4589293
- Plan number
- 001
- Plan type
- 2
- Location
- Totowa, NJ
- Latest filing year
- 2023
- Participants
- 275
- End-of-year plan assets
- $6,043,444
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 275 | H, C | 20250116173246NAL0037382800001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,043,444
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,043,444
- Net assets (BOY)
- $5,016,935
Income & contributions
- Employer contributions
- $294,382
- Participant contributions
- $606,970
- Total contributions
- $902,362
- Total income / additions
- $1,684,926
Expenses & distributions
- Benefits paid
- $624,070
- Administrative expenses
- $34,347
- Total expenses
- $658,417
- Net increase / (decrease)
- $1,026,509
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $16,270 | $0 | 2023 |
| Global Retirement Partners LLC | INVESTMENT ADVISOR | $15,292 | not reported in the loaded dataset | 2023 |
| Law Offices Of Ed Frado LLC | INVESTMENT ADVISOR | $1,578 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $1,207 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Medtech 7 Holdings, LLC Dba Velocity Medtech
- 2023 Form 5500 filing
- Form 5500 filings in NJ
- 401(k) and benefit plan filings in Totowa, NJ
- Empower Annuity Insurance Company O — Schedule C compensation
- Global Retirement Partners LLC — Schedule C compensation
- Law Offices Of Ed Frado LLC — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation