Defined Benefit (Pension) · DOL Form 5500 · 2023

Velocity Credit Union Pension Plan

Data updated 2026-08-25

$47M
Total assets Below avg plan size
95
Participants Small participant base
85th
Percentile by assets National rank
$498,109
Avg per participant High balance/head
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Official DOL plan name: Velocity Credit Union Pension Plan · Sponsored by Velocity Credit Union · Texas · Finance & Insurance

$47M in assets, 95 participants

Velocity Credit Union's Velocity Credit Union Pension Plan reported $47M in total assets and 95 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #6,829 in Finance & Insurance (8,869 peers)

Where Velocity Credit Union Pension Plan sits by assets

Velocity Credit Union Pension Plan sits in the top quartile of all filed plans by assets, $47M for 95 participants (~$498,109/participant), up 14.2% in 2023.

#6,829
in Finance & Insurance (8,869 peers)
+14.2%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Velocity Credit Union Pension Plan's outsized position by total assets

Velocity Credit Union Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$47,320,391 Top 15% higher than 85% of 127,068 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 2023

Velocity Credit Union Pension Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Velocity Credit Union Pension Plan is a small filing (95 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Velocity Credit Union Pension Plan reported net income rose from -$11M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Velocity Credit Union Pension Plan end-of-year assets rose from $41M in the plan year 2022 filing to $47M in the plan year 2023 filing.
  • Velocity Credit Union Pension Plan reported participants fell from 103 in the plan year 2022 filing to 95 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 741200165 · Velocity Credit Union PY 2023 · Defined Benefit (Pension)

Velocity Credit Union Pension Plan · $47M · 95 · 85th

  • TYPE $47M
  • TYPE 95
  • TYPE 85th
  • TYPE Defined Benefit (Pension)
  • TYPE near The First National Bank and Trust Company of Newtown Pension Plan
  • TYPE ind #6829

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 Pension Plan in the asset neighbourhood

The First National Bank and Trust Company of Newtown Pension PlanThe First National Bank and …$47MMotion Picture and Television Fund Retirement Income PlanMotion Picture and Televisio…$47MVelocity Credit Union Pension PlanVelocity Credit Union Pensio…$47MLimra International Retirement Income PlanLimra International Retireme…$47MOhio Cat Employees' Retirement PlanOhio Cat Employees' Retireme…$47M
End-of-year total assets ($M) among Velocity Credit Union Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$41M
Net Assets (End of Year)$47M
Net Income$6M
Employer EIN741200165
Plan Effective Date2004-01-01
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 Defined Benefit (Pension) Plans in Texas

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Velocity Credit Union Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Velocity Credit Union Pension Plan, Total assets ($B): 0.047320391 · Participants: 95Velocity Credit Union Pension PlanAT&T Pension Benefit Plan, Total assets ($B): 30.018512 · Participants: 107859AT&T Pension Benefit PlanShell Pension Plan, Total assets ($B): 15.133347097 · Participants: 12215Shell Pension PlanExxonmobil Pension Plan, Total assets ($B): 12.015 · Participants: 22551Exxonmobil Pension PlanCaterpillar Inc. Retirement Income Plan, Total assets ($B): 9.803014695 · Participants: 12138Caterpillar Inc. Retirement Income PlanBp Retirement Accumulation Plan, Total assets ($B): 5.493677099 · Participants: 9360Bp Retirement Accumulation Plan
Velocity Credit Union Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
Compare Velocity Credit Union Pension Plan side-by-side with 3 peers →

Velocity Credit Union Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Texas, the nearest Defined Benefit (Pension) by assets is The First National Bank and Trust Company of Newtown Pension Plan in PA ($47M); by covered participants it is Provident Bank Pension Plan in NJ (95 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (95 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Velocity Credit Union Pension Plan assets move in 2023? ▼
Velocity Credit Union Pension Plan grew at a solid clip - up 14.2% during 2023, from $41M to $47M. Reported net income was $6M.
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.
Where does Velocity Credit Union Pension Plan rank by assets among Form 5500 filers? ▼
Velocity Credit Union Pension Plan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Velocity Credit Union Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The First National Bank and Trust Company of Newtown Pension Plan in PA ($47M, 109 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Velocity Credit Union Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Provident Bank Pension Plan in NJ (95 participants, $53M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.