# Vel Enterprises, INC. 401(k) Plan
Source: https://planprovider.pro/companies/vel-enterprises-inc-401k-plan

> Vel Enterprises, INC.&#39;s 401(k) plan: 19 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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