Plan Snapshot
- Plan Sponsor: Velocity Commercial Capital 401k Pl
- Sponsor EIN: 201193192
- Sponsor Address: 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE, CA, 91362
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 376
- Total Assets: $30.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 376 | $30.8M | $0 | $0 |
| 2024 | 289 | $22.2M | $1.2M | $3.0M |
| 2023 | 232 | $17.0M | $955,581 | $2.3M |
| 2022 | 186 | $11.9M | $957,882 | $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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $115,886 | — | $115,886 |
| LONGEVITY CAPITAL MANAGEMENT LLC | Other Service Provider | — | $77,860 | $77,860 |
| PENSION ASSURANCE LLP | Other Service Provider | — | $17,950 | $17,950 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $211,696
- Estimated Expense Ratio: 0.687% 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 |
|---|---|---|---|---|---|
| 2025 | $2,193,431 | — | $113,561 | — | — |
| 2024 | $132,353 | — | $116,353 | — | — |
| 2023 | $184,648 | — | — | — | — |
| 2022 | $88,069 | $88,069 | — | — | — |