Defined Benefit (Pension) · DOL Form 5500 · 2023

Velocity Credit Union Pension Plan

Data updated 2026-08-11

$47M
Total assets
95
Participants
85th
Percentile by assets
$498,109
Avg per participant
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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.

  • 85th percentile by assets (of 127,072 plans)
  • #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.

$47M
total plan assets (2023 EOY)
95
covered participants
85th
percentile by assets (of 127,072 plans)
$498,109
avg assets per participant

Where Velocity Credit Union Pension Plan sits 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 $2,010,000,000 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

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 →

State
Texas
Industry
Finance & Insurance

Velocity Credit Union Pension Plan vs the 2023 asset distribution

By assets, Velocity Credit Union Pension Plan outranks 85% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).

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)

$50M$55M$60M$65M$70M$75M 202220232024 $54.9M $71M ▲ +29.3%
Total plan assets by year, all Velocity Credit Union plans on file
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 ($B) Participants Velocity Credit Unio…, Total assets ($B): 0.047320391 · Participants: 95Velocity Credit Unio…AT&T Pension Benefit…, Total assets ($B): 30.018512 · Participants: 107859AT&T Pension Benefit…Shell Pension Plan, Total assets ($B): 15.133347097 · Participants: 12215Shell Pension PlanExxonmobil Pension P…, Total assets ($B): 12.015 · Participants: 22551Exxonmobil Pension P…Caterpillar Inc. Ret…, Total assets ($B): 9.803014695 · Participants: 12138Caterpillar Inc. Ret…Bp Retirement Accumu…, Total assets ($B): 5.493677099 · Participants: 9360Bp Retirement Accumu…
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 →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Velocity Credit Union Pension Plan by total assets, not by location.

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).

Next read for Velocity Credit Union Pension Plan

Scale reading

Ways to act on Velocity Credit Union Pension Plan's numbers.

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.