401(k) · DOL Form 5500 · 2023

Premium Velocity Auto, LLC 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
1,891
Participants Near avg headcount
41st
Percentile by assets National rank
$2,233
Avg per participant Low balance/head
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Official DOL plan name: Premium Velocity Auto, LLC Retirement Plan · Sponsored by Premium Velocity Auto, LLC · North Carolina · Other Services

$4M in assets, 1,891 participants

Premium Velocity Auto, LLC's Premium Velocity Auto, LLC Retirement Plan reported $4M in total assets and 1,891 participants in its 2023 DOL Form 5500 filing, ranking in the 41st 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.

  • #5,017 in Other Services (7,857 peers)

Coverage in North Carolina

Premium Velocity Auto, LLC Retirement Plan covers 1,891 participants in North Carolina, 2.3x the typical North Carolina plan (state average ~819 per filing). Assets: $4M.

#5,017
in Other Services (7,857 peers)
+319.2%
assets growth YoY

Premium Velocity Auto, LLC Retirement Plan's mid-pack asset rank among Other Services and all filers

Premium Velocity Auto, LLC Retirement Plan vs every filed plan by assets

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

$4,222,364 41st percentile higher than 41% 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

Premium Velocity Auto, LLC Retirement Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Premium Velocity Auto, LLC Retirement Plan lands in the large band (1,891 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Premium Velocity Auto, LLC Retirement Plan end-of-year assets rose from $1M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Premium Velocity Auto, LLC Retirement Plan reported net income rose from $1M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Premium Velocity Auto, LLC Retirement Plan reported participants rose from 1,260 in the plan year 2022 filing to 1,891 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 833555551 · Premium Velocity Auto, LLC PY 2023 · 401(k)

Premium Velocity Auto, LLC Retirement Plan · $4M · 1,891 · 41st

  • VS-ST $4M
  • BOY 1,891
  • SCH 41st
  • EBSA 401(k)
  • PART near Benchmark Engineering Corporation 401(k) Profit Sharing Plan and Trust
  • TYPE ind #5017

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 Other Services retirement plans → · Plans in North Carolina →

Premium Velocity Auto, LLC Retirement Plan in the asset neighbourhood

Premium Velocity Auto, LLC Retirement PlanPremium Velocity Auto, LLC R…$4MBenchmark Engineering Corporation 401(k) Profit Sharing Plan and TrustBenchmark Engineering Corpor…$4MWillcox & Savage, P.C. Associates 401(k) PlanWillcox & Savage, P.C. Assoc…$4MMontgomery's 401(k) Plan$4MAmpco Contracting, Inc. 401(k) Prevailing Wage PlanAmpco Contracting, Inc. 401(…$4M
End-of-year total assets ($M) among Premium Velocity Auto, LLC Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$4M
Net Income$3M
Employer EIN833555551
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Premium Velocity Auto, LLC)

Sponsor-wide plan assets over time

All Premium Velocity Auto, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$6M 460.12780815077275% vs 2022
2024 filing year
$0M$2M$4M$6M$8M 202220232024 $1.01M $5.64M ▲ +458.4%
Year Plans Participants Total Assets
2022 1 1,260 $1M
2023 1 1,891 $4M
2024 1 2,093 $6M

Nearby 401(k) Plans in North Carolina

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

Premium Velocity Auto, LLC Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Premium Velocity Auto, LLC Retirement Plan, Total assets ($B): 0.004222364 · Participants: 1891Premium Velocity Auto, LLC Retirement 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
Premium Velocity Auto, LLC Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants

Premium Velocity Auto, LLC Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Benchmark Engineering Corporation 401(k) Profit Sharing Plan and Trust in TX ($4M); by covered participants it is Devoted Health 401(k) Retirement Plan in MA (1,891 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,891 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 Premium Velocity Auto, LLC Retirement Plan assets move in 2023?
Premium Velocity Auto, LLC Retirement Plan surged - up 319.2% during 2023, from $1M to $4M. Reported net income was $3M.
How have Premium Velocity Auto, LLC plan assets changed over time?
Across 3 plan years on file (2022-2024), Premium Velocity Auto, LLC's sponsor-wide assets grew 460.1%, from $1M to $6M.
Which 401(k) plans are similar in size to Premium Velocity Auto, LLC Retirement Plan?
Among 401(k) plans in other states, the closest by assets is Benchmark Engineering Corporation 401(k) Profit Sharing Plan and Trust in TX ($4M, 33 participants).
Which 401(k) plans cover a similar participant headcount to Premium Velocity Auto, LLC Retirement Plan?
Among 401(k) plans in other states, the closest by covered participants is Devoted Health 401(k) Retirement Plan in MA (1,891 participants, $43M in assets).