401(k) · DOL Form 5500 · 2022

Velocity Credit Union 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
198
Participants Below avg headcount
71st
Percentile by assets National rank
$67,942
Avg per participant Below avg balance/head
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Official DOL plan name: Velocity Credit Union Thrift and Savings Plan · Sponsored by Velocity Credit Union · Texas · Finance & Insurance

$13M in assets, 198 participants

Velocity Credit Union's Velocity Credit Union Thrift and Savings Plan reported $13M in total assets and 198 participants in its 2022 DOL Form 5500 filing, ranking in the 71st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #5,080 in Finance & Insurance (9,261 peers)

Coverage in Texas

Velocity Credit Union Thrift and Savings Plan covers 198 participants in Texas, about 29% of the average Texas filer (state average ~688 per filing). Assets: $13M.

#5,080
in Finance & Insurance (9,261 peers)
-11.7%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Velocity Credit Union Thrift and Savings Plan's outsized position by total assets

Velocity Credit Union Thrift and Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$13,452,501 Top 29% higher than 71% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Velocity Credit Union Thrift and Savings Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Velocity Credit Union Thrift and Savings Plan sits mid-pack in the medium band (198 participants).

DOL schedule card

Filing strip 741200165 · Velocity Credit Union PY 2022 · 401(k)

Velocity Credit Union Thrift and Savings Plan · $13M · 198 · 71st

  • BOOK $13M
  • VS-ST 198
  • BOY 71st
  • SCH 401(k)
  • EBSA near The 401(k) Retirement Plan
  • PART ind #5080

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Texas →

Velocity Credit Union Thrift and Savings Plan in the asset neighbourhood

Velocity Credit Union Thrift and Savings PlanVelocity Credit Union Thrift…$13MThe 401(k) Retirement Plan$13MSmith Senior Living 401(k) PlanSmith Senior Living 401(k) P…$13MLafata Contract Services LLC 401(k) Profit Sharing Plan & TrustLafata Contract Services LLC…$13MDarvin Furniture Employees 401(k) Profit Sharing PlanDarvin Furniture Employees 4…$13M
End-of-year total assets ($M) among Velocity Credit Union Thrift and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Texas filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$13M
Net Income-$2M
Employer EIN741200165
Plan Effective Date1982-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Velocity Credit Union)

Sponsor-wide plan assets over time

All Velocity Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$71M 29.275370475556368% vs 2022
2024 filing year
$50M$55M$60M$65M$70M$75M 202220232024 $54.9M $71M ▲ +29.3%
Year Plans Participants Total Assets
2022 2 301 $55M
2023 2 298 $64M
2024 2 296 $71M

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Velocity Credit Union Thrift and Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -10010203040 Total assets ($B) Participants Velocity Credit Union Thrift and Savings Plan, Total assets ($B): 0.013452501 · Participants: 198Velocity Credit Union Thrift and Savings PlanAT&T Retirement Savings Plan, Total assets ($B): 37.578871 · Participants: 144503AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.266 · Participants: 23619Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 13.794958016 · Participants: 38538Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 12.806443202 · Participants: 85577American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 11.969059 · Participants: 47532Dell Inc. 401(k) Plan
Velocity Credit Union Thrift and Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Velocity Credit Union Thrift and Savings Plan side-by-side with 3 peers →

Velocity Credit Union Thrift and Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is The 401(k) Retirement Plan in NH ($13M); by covered participants it is Carparts Distribution Center, Inc. Profit Sharing Plan in NH (198 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (198 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Velocity Credit Union Thrift and Savings Plan assets move in 2022? ▼
Velocity Credit Union Thrift and Savings Plan pulled back noticeably - down 11.7% during 2022, from $15M to $13M. Reported net income was -$2M.
How have Velocity Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Velocity Credit Union's sponsor-wide assets grew 29.3%, from $55M to $71M.
Which 401(k) plans are similar in size to Velocity Credit Union Thrift and Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is The 401(k) Retirement Plan in NH ($13M, 433 participants).
Which 401(k) plans cover a similar participant headcount to Velocity Credit Union Thrift and Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Carparts Distribution Center, Inc. Profit Sharing Plan in NH (198 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 741200165.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.