Velex, Inc. 401(k) Plan (terminated 2022): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2022, when $6.94 million was transferred out of the plan. Assets moved to the INTELGICA 401(K) PLAN (sponsored by INTELGICA, INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
Velex, Inc. 401(k) Login
Retirement plan providers can change. This information is from the plan's 2022 filing.
Velex, Inc. 401(k) Plan Facts (plan year 2022)
Source: Form 5500 for plan year 2022 (Jan 1, 2022 – Dec 1, 2022), filed Oct 5, 2023. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2022
- $4.41 million went into the plan in contributions, $840,183 of it from the employer (19%).
- $2.07 million was paid out to participants.
How the Velex, Inc. 401(k) changed, 2017–2022
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2017 | 118 | $88,467 | $0 | $900 |
| 2018 | 218 | $408,918 | $0 | $97,099 |
| 2019 | 309 | $2.62 million | $37,037 | $425,457 |
| 2020 | 731 | $3.06 million | $151,595 | $1.09 million |
| 2021 | 799 | $5.46 million | $237,511 | $1.05 million |
| 2022 (final) | 1,076 | $0 | $840,183 | $2.07 million |
Velex, Inc. 401(k) Contact Information
Questions about the Velex, Inc. 401(k)
Is the Velex, Inc 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2022. Its assets were transferred to the INTELGICA 401(K) PLAN.
Does Velex, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $840,183, 19% of all contributions.
Does the Velex, Inc 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Velex, Inc 401(k) plan?
1,076 participants at the start of plan year 2022.
Who manages the Velex, Inc 401(k) accounts?
Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.