Velocity Clinical Research 401(K) Plan — Form 5500 plan (Velocity Clinical Research, 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, Velocity Clinical Research 401(K) Plan is a benefit plan reported by Velocity Clinical Research, Inc under EIN 82-3171064 and plan number 001. The latest loaded filing year is 2023. The filing reports 878 participants and $26,827,746 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$26.8MPlan net assets, end of year$26,827,746
Participants878Covered participants reported
Assets / participant$30.6KComputed: assets ÷ participants$30,556 (computed)
Provider compensation$106.6K2 Schedule C provider row(s)$106,593
- Plan sponsor
- Velocity Clinical Research, Inc
- EIN
- 82-3171064
- Plan number
- 001
- Plan type
- 2
- Location
- Durham, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 878 | H, C | 20241015144224NAL0028802529001 |
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)$26.8M total assets
Net assets$26.8MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $26,827,746
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,827,746
- Net assets (BOY)
- $9,581,087
Income & contributions
- Employer contributions
- $2,757,686
- Participant contributions
- $5,471,577
- Total contributions
- $9,584,634
- Total income / additions
- $12,300,451
Expenses & distributions
- Benefits paid
- $2,745,706
- Administrative expenses
- $106,593
- Total expenses
- $2,860,354
- Net increase / (decrease)
- $9,440,097
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.
34%66%
Employer 34%Participant 66%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income22%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock | RECORDKEEPER | $65,021 | $0 | 2023 |
| First Allied Inc. | INVESTMENT ADVISORY | $41,572 | not reported in the loaded dataset | 2023 |