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

> Velasmith Enterprises, INC.'s 401(k) plan: 6 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Velasmith Enterprises, INC.

- **Sponsor EIN:** 851423980

- **Sponsor Address:** 1011 SURREY LANE,, FLOWER MOUND, TX, 75022

- **Plan Type:** 401(k)

- **Total Participants:** 6

- **Total Assets:** $115,049

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|6|$115,049|$0|$0|

| 2023|1|$63,445|$0|$481|

| 2022|1|$93,254|$1,088|$1,088|

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