Plan Snapshot
- Plan Sponsor: Velocity, A Managed Services Company, INC.
- Sponsor EIN: 203677651
- Sponsor Address: 6936 SPRING VALLEY DRIVE, HOLLAND, OH, 43528
- Plan Type: 401(k)
- Total Participants: 489
- Total Assets: $13.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 489 | $13.0M | $1.0M | $1.9M |
| 2023 | 441 | $9.6M | $900,836 | $1.5M |
| 2022 | 737 | $7.4M | $905,357 | $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 |
|---|---|---|---|---|
| REHMANN ROBSON LLC | Auditor | — | — | $0 |
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 | $97,283 | $40,309 | $56,974 | — | — |
| 2023 | $73,385 | $26,773 | $46,612 | — | — |
| 2022 | $42,804 | $5,027 | — | — | — |