Velocity Technology Solutions, Inc. 401(k) Plan: Login, Facts & Contact Information
No Form 5500 has been filed for this plan since plan year 2013. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.
Velocity Technology Solutions, Inc. 401(k) Login
Retirement plan providers can change. This information is from the plan's 2013 filing.
Velocity Technology Solutions, Inc. 401(k) Plan Facts (plan year 2013)
Source: Form 5500 for plan year 2013 (Jan 1, 2013 – Dec 31, 2013), filed Aug 8, 2014. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2013
- $2.70 million went into the plan in contributions, $529,502 of it from the employer (20%).
- $1.03 million was paid out to participants.
- Investment and other income added $2.32 million.
- Administrative expenses were $1,969, about $8 per account.
How the Velocity Technology Solutions, Inc. 401(k) changed, 2009–2013
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2009 | 78 | $2.51 million | $53,190 | $352,015 |
| 2010 | 84 | $4.10 million | $132,796 | $149,111 |
| 2011 | 168 | $4.54 million | $124,018 | $675,289 |
| 2012 | 201 | $5.41 million | $121,387 | $845,564 |
| 2013 | 216 | $14.4 million | $529,502 | $1.03 million |
Velocity Technology Solutions, Inc. 401(k) Contact Information
Questions about the Velocity Technology Solutions, Inc. 401(k)
Is the Velocity Technology Solutions, Inc 401(k) plan still active?
We can't confirm that. The last Form 5500 on record for this plan covers plan year 2013, and no later filing was found under this employer's EIN.
Does Velocity Technology Solutions, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2013 the employer contributed $529,502, 20% of all contributions.
Does the Velocity Technology Solutions, Inc 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Velocity Technology Solutions, Inc 401(k) plan?
216 participants at the start of plan year 2013, 260 of them active employees, and 65 former employees who still had money in the plan.
What is the average 401(k) balance at Velocity Technology Solutions, Inc?
About $61,348 per account: $14.4 million in plan assets across 234 accounts with a balance at the end of plan year 2013.
Who manages the Velocity Technology Solutions, Inc 401(k) accounts?
Fidelity NetBenefits is the plan's recordkeeper, which is where participants log in to see their balance.