Plan Snapshot
- Plan Sponsor: Vel Enterprises, INC.
- Sponsor EIN: 823587810
- Sponsor Address: 3245 DUNLEITH LANE, TALLAHASSEE, FL, 32311
- Plan Type: 401(k)
- Total Participants: 19
- Total Assets: $54,827
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2024 | 19 | $54,827 | $5,937 | $10,501 |
| 2023 | 9 | $166,178 | $4,834 | $6,199 |
| 2022 | 10 | $378,887 | $0 | $0 |
| 2018 | 13 | $555,442 | $733 | $733 |