Plan Snapshot
- Plan Sponsor: Velocity Machine, INC.
- Sponsor EIN: 391939229
- Sponsor Address: 1400 WEST MAIN AVENUE, DE PERE, WI, 54115
- Plan Type: 401(k)
- Total Participants: 102
- Total Assets: $7.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 102 | $7.2M | $272,163 | $565,482 |
| 2023 | 119 | $5.9M | $305,953 | $598,962 |
| 2022 | 114 | $4.5M | $265,771 | $542,931 |
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 |
|---|---|---|---|---|
| KESTRA ADVISORY SERVICES LLC | Investment Advisor | $36,967 | — | $36,967 |
| TRANSAMERICA LIFE INS CO | Recordkeeper | $15,739 | — | $15,739 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA ADVISORY SERVICES LLC — Investment Advisor
- TRANSAMERICA LIFE INS CO — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,706
- Estimated Expense Ratio: 0.735% 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 | $72,769 | $37,968 | $16,737 | — | — |
| 2023 | $56,032 | $37,968 | — | — | — |
| 2022 | $50,122 | — | $50,122 | — | — |