401(k) · DOL Form 5500 · 2023

Velocity Clinical Research, Inc 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
769
Participants Near avg headcount
78th
Percentile by assets National rank
$34,887
Avg per participant Low balance/head
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Official DOL plan name: Velocity Clinical Research 401(k) Plan · Sponsored by Velocity Clinical Research, Inc · North Carolina · Professional & Technical Services

$27M in assets, 769 participants

Velocity Clinical Research, Inc's Velocity Clinical Research 401(k) Plan reported $27M in total assets and 769 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #15,836 in Professional & Technical Services (20,321 peers)

Where Velocity Clinical Research 401(k) Plan sits by assets

Velocity Clinical Research 401(k) Plan sits in the top quartile of all filed plans by assets, $27M for 769 participants (~$34,887/participant), up 180.0% in 2023.

#15,836
in Professional & Technical Services (20,321 peers)
+180.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Velocity Clinical Research 401(k) Plan's outsized position by total assets

Velocity Clinical Research 401(k) Plan vs every filed plan by assets

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

$26,827,746 Top 22% higher than 78% 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 Clinical Research 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Velocity Clinical Research 401(k) Plan sits mid-pack in the medium band (769 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Velocity Clinical Research 401(k) Plan reported net income rose from $2M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Velocity Clinical Research 401(k) Plan end-of-year assets rose from $10M in the plan year 2022 filing to $27M in the plan year 2023 filing.
  • Velocity Clinical Research 401(k) Plan reported participants rose from 380 in the plan year 2022 filing to 769 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 823171064 · Velocity Clinical Research, Inc PY 2023 · 401(k)

Velocity Clinical Research 401(k) Plan · $27M · 769 · 78th

  • PCT $27M
  • EIN 769
  • RANK 78th
  • PHOTO 401(k)
  • IND near Pct 401(k) Plan
  • EOY ind #15836

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 Clinical Research 401(k) Plan in the asset neighbourhood

Velocity Clinical Research 401(k) PlanVelocity Clinical Research 4…$27MPct 401(k) Plan$27MKbkg, Inc. 401(k) Profit Sharing PlanKbkg, Inc. 401(k) Profit Sha…$27MMichigan First Credit Union 401(k) Savings PlanMichigan First Credit Union …$27MOhio Valley Banc Corp Profit Sharing Retirement PlanOhio Valley Banc Corp Profit…$27M
End-of-year total assets ($M) among Velocity Clinical Research 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$27M
Net Income$9M
Employer EIN823171064
Plan Effective Date2020-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Velocity Clinical Research, Inc)

Sponsor-wide plan assets over time

All Velocity Clinical Research, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$36M 271.3912523704252% vs 2022
2024 filing year
$0M$10M$20M$30M$40M 202220232024 $9.58M $35.6M ▲ +271.4%
Year Plans Participants Total Assets
2022 1 380 $10M
2023 1 769 $27M
2024 1 1,282 $36M

Nearby 401(k) Plans in North Carolina

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

Velocity Clinical Research 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Velocity Clinical Research 401(k) Plan, Total assets ($B): 0.026827746 · Participants: 769Velocity Clinical Research 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Velocity Clinical Research 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Velocity Clinical Research 401(k) Plan side-by-side with 3 peers →

Velocity Clinical Research 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Pct 401(k) Plan in OH ($27M); by covered participants it is Regal Marine 401(k) Retirement Plan in FL (769 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($27M here).

Similar participant headcount

Nearest other-state filings by covered participants (769 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 Clinical Research 401(k) Plan assets move in 2023? ▼
Velocity Clinical Research 401(k) Plan surged - up 180.0% during 2023, from $10M to $27M. Reported net income was $9M.
How have Velocity Clinical Research, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Velocity Clinical Research, Inc's sponsor-wide assets grew 271.4%, from $10M to $36M.
Where does Velocity Clinical Research 401(k) Plan rank by assets among Form 5500 filers? ▼
Velocity Clinical Research 401(k) Plan ranks in the 78th 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 401(k) plans are similar in size to Velocity Clinical Research 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Pct 401(k) Plan in OH ($27M, 205 participants).
Which 401(k) plans cover a similar participant headcount to Velocity Clinical Research 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Regal Marine 401(k) Retirement Plan in FL (769 participants, $27M 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 823171064.

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.