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)
- Total Participants: 289
- Total Assets: $22.2M
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. |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | RECORD KEEPER | $105,121 | — | $105,121 |
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $73,774 | — | $73,774 |
| LONGEVITY CAPITAL MANAGEMENT LLC | SERVICE PROVIDER | $13,382 | $45,237 | $58,619 |
| LPL FINANCIAL CORPORATION | ADVISOR | $5,500 | — | $5,500 |
| PENSION ASSURANCE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE COMPANY — RECORD KEEPER
- PENSION ASSURANCE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $243,014
- Estimated Expense Ratio: 1.093% 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 | $132,353 | — | $116,353 | — | — |
| 2023 | $184,648 | — | — | — | — |
| 2022 | $88,069 | $88,069 | — | — | — |