Plan Snapshot
- Plan Sponsor: Velocityehs
- Sponsor EIN: 043626476
- Sponsor Address: 222 MERCHANDISE MART PLAZA, CHICAGO, IL, 60654
- Plan Type: 401(k)
- Total Participants: 389
- Total Assets: $42.2M
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 | 389 | $42.2M | $980,387 | $3.8M |
| 2023 | 372 | $33.7M | $899,433 | $3.5M |
| 2022 | 355 | $25.2M | $764,394 | $3.0M |
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 |
|---|---|---|---|---|
| FAIRCOURT PARTNERS LLC | ADVISOR | $96,415 | — | $96,415 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $63,000 | — | $63,000 |
| DUFEK & COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- DUFEK & COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,415
- Estimated Expense Ratio: 0.378% 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 | $159,415 | $96,415 | — | — | — |
| 2023 | $129,276 | $79,270 | — | — | — |
| 2022 | $137,723 | — | — | — | — |