Plan Snapshot
- Plan Sponsor: Velocity Outdoor INC.
- Sponsor EIN: 223057382
- Sponsor Address: 1655 ELMWOOD AVE., ROCHESTER, NY, 14620
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $16.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 125 | $16.8M | $280,784 | $922,413 |
| 2023 | 271 | $25.5M | $332,418 | $1.5M |
| 2022 | 337 | $21.4M | $481,429 | $1.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| INSERO & CO. CPAS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- INSERO & CO. CPAS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $112,567 | $30,609 | $81,958 | — | — |
| 2023 | $110,983 | $29,497 | $81,486 | — | — |
| 2022 | $120,562 | $29,328 | $91,234 | — | — |