401(k) · DOL Form 5500 · 2022

Velocity Technology Solutions, Inc. 401(k) Plan

Data updated 2026-08-25

$897
Total assets Small plan by assets
N/A
Participants Small participant base
0th
Percentile by assets National rank
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Official DOL plan name: Velocity Technology Solutions, Inc. 401(k) Plan · Sponsored by Velocity Technology Solutions, Inc. · North Carolina · Professional & Technical Services

$897 in assets, N/A participants

Velocity Technology Solutions, Inc.'s Velocity Technology Solutions, Inc. 401(k) Plan reported $897 in total assets and N/A participants in its 2022 DOL Form 5500 filing, ranking in the 0th 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.

  • #79 in Professional & Technical Services (21,562 peers)

2022 asset change

Velocity Technology Solutions, Inc. 401(k) Plan contracted severely 99.9% in 2022 ($990K → $897) for N/A participants.

#79
in Professional & Technical Services (21,562 peers)
-99.9%
assets change YoY

The plan reported a net loss of $990K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Velocity Technology Solutions, Inc. 401(k) Plan among the smaller filed plans by assets

Velocity Technology Solutions, Inc. 401(k) Plan vs every filed plan by assets

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

$897 0th percentile higher than 0% 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

Filed plans by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.

EBSA filing schedule strip

Filing strip 753247835 · Velocity Technology Solutions, Inc. PY 2022 · 401(k)

Velocity Technology Solutions, Inc. 401(k) Plan · $897 · N/A · 0th

  • PHOTO $897
  • IND N/A
  • EOY 0th
  • 5500 401(k)
  • ASSETS near Union Heritage Capital LLC 401(k) Profit Sharing Plan & Trust
  • PCT ind #79

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 Professional & Technical Services retirement plans → · Plans in North Carolina →

Velocity Technology Solutions, Inc. 401(k) Plan in the asset neighbourhood

Velocity Technology Solutions, Inc. 401(k) PlanVelocity Technology Solution…$897Union Heritage Capital LLC 401(k) Profit Sharing Plan & TrustUnion Heritage Capital LLC 4…$899Motory Services Inc. 401(k) PlanMotory Services Inc. 401(k) …$900Twovets, Inc. 401(k) Profit Sharing PlanTwovets, Inc. 401(k) Profit …$888Incare Technologies LLC. 401(k) PlanIncare Technologies LLC. 401…$885
End-of-year total assets ($M) among Velocity Technology Solutions, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

2022 asset-move particulars

Total Assets (Beginning of Year)$990K
Net Assets (End of Year)$897
Net Income-$990K
Employer EIN753247835
Plan Effective Date2004-08-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Carolina

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

Velocity Technology Solutions, Inc. 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Velocity Technology Solutions, Inc. 401(k) Plan, Total assets ($B): 8.97e-7 · Participants: 0Velocity Technology Solutions, Inc. 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Velocity Technology Solutions, Inc. 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants

Velocity Technology Solutions, Inc. 401(k) Plan's closest out-of-state 401(k) peers by assets

Outside North Carolina, the nearest 401(k) by end-of-year assets is Union Heritage Capital LLC 401(k) Profit Sharing Plan & Trust in MI at $899 (this filing: $897).

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 Technology Solutions, Inc. 401(k) Plan assets move in 2022?
Velocity Technology Solutions, Inc. 401(k) Plan contracted severely - down 99.9% during 2022, from $990K to $897. Reported net income was -$990K.
Where does Velocity Technology Solutions, Inc. 401(k) Plan rank by assets among Form 5500 filers?
Velocity Technology Solutions, Inc. 401(k) Plan ranks in the 0th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the smaller plans by assets on file).
Which 401(k) plans are similar in size to Velocity Technology Solutions, Inc. 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Union Heritage Capital LLC 401(k) Profit Sharing Plan & Trust in MI ($899, 3 participants).