# Velocity Clinical Research, INC DC Plan
Source: https://planprovider.pro/companies/velocity-clinical-research-inc-plan-001

> Velocity Clinical Research, INC's DC plan: 1,016 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Velocity Clinical Research, INC

- **Sponsor EIN:** 823171064

- **Sponsor Address:** 807 EAST MAIN STREET, DURHAM, NC, 27701

- **Plan Type:** DC

- **Total Participants:** 1,016

- **Total Assets:** $35.6M

## 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|1,016|$35.6M|$3.2M|$6.0M|

| 2023|1,282|$26.8M|$2.8M|$5.5M|

| 2022|769|$9.6M|$1.1M|$2.1M|

## 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|

| JOHN HANCOCK|RETAINED BY PLAN SPONSOR|$109,813|—|$109,813|

| CETERA INVESTMENTS|RETAINED BY PLAN SPONSOR|$46,583|—|$46,583|

| FIRST ALLIED INC.|RETAINED BY PLAN SPONSOR|$18,433|—|$18,433|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [JOHN HANCOCK](https://planprovider.pro/provider/john-hancock) — RETAINED BY PLAN SPONSOR

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $174,829

- **Estimated Expense Ratio:** 0.491% of plan assets

### 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|$174,829|$65,016|$109,813|—|—|

| 2023|$106,593|$41,572|$65,021|—|—|

| 2022|$41,849|$16,940|$24,909|—|—|

## Similar Plans

- [Family Health International](https://planprovider.pro/companies/family-health-international-401k-plan) — 1,192 participants

- [Bioagilytix Labs, LLC](https://planprovider.pro/companies/bioagilytix-labs-llc-401k-plan) — 764 participants

- [Family Health International](https://planprovider.pro/companies/family-health-international-403b-plan) — 1,285 participants

- [Kbi Biopharma, INC.](https://planprovider.pro/companies/kbi-biopharma-inc-401k-plan) — 1,398 participants

- [Parata Systems, LLC](https://planprovider.pro/companies/parata-systems-llc-401k-plan) — 535 participants

- [Rho, INC.](https://planprovider.pro/companies/rho-inc-401k-plan) — 506 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/velocity-clinical-research-inc-plan-001)

© 2026 PlanProvider.Pro