401(k) · DOL Form 5500 · 2023

Medtech 7 Holdings, LLC Dba Velocity Medtech 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets: 242
Participants Below avg headcount: 48th
Percentile by assets National rank: $24,973
Avg per participant Low balance/head

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Official DOL plan name: Velocity Medtech 401(k) Plan · Sponsored by Medtech 7 Holdings, LLC Dba Velocity Medtech · New Jersey · Manufacturing

$6M in assets, 242 participants

Medtech 7 Holdings, LLC Dba Velocity Medtech's Velocity Medtech 401(k) Plan reported $6M in total assets and 242 participants in its 2023 DOL Form 5500 filing, ranking in the 48th 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.

#5,963 in Manufacturing (18,722 peers)

Coverage in New Jersey

Velocity Medtech 401(k) Plan covers 242 participants in New Jersey, about 29% of the average New Jersey filer (state average ~844 per filing). Assets: $6M.

#5,963
in Manufacturing (18,722 peers): +20.5%
assets growth YoY

Velocity Medtech 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

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

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

$6,043,444 48th percentile higher than 48% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Velocity Medtech 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 Medtech 401(k) Plan sits mid-pack in the medium band (242 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Form 5500 schedule snapshot

Filing strip 814589293 · Medtech 7 Holdings, LLC Dba Velocity Medtech PY 2023 · 401(k)

Velocity Medtech 401(k) Plan · $6M · 242 · 48th

TYPE $6M
NET 242
BOOK 48th
VS-ST 401(k)
BOY near Central Houston, Inc. 401(k) Plan
SCH ind #5963

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 Manufacturing retirement plans → · Plans in New Jersey →

End-of-year total assets ($M) among Velocity Medtech 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)	$5M
Net Assets (End of Year)	$6M
Net Income	$1M
Employer EIN	814589293
Plan Effective Date	2017-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Medtech 7 Holdings, LLC Dba Velocity Medtech)

Latest sponsor-wide plan assets: $6M 3.288704255388153% vs 2023; 2024 filing year

Year	Plans	Participants	Total Assets
2023	1	242	$6M
2024	1	193	$6M

Nearby 401(k) Plans in New Jersey

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

Velocity Medtech 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants

JPMorgan Chase 401(k) Savings Plan $44.6B · 176,610
Verizon Savings Plan for Management Employees $27.8B · 78,072
Johnson and Johnson Savings Plan $22.2B · 41,291
Ernst & Young Retirement Savings Plan $15.5B · 59,346
Merck US Savings Plan $13.4B · 26,850

Compare Velocity Medtech 401(k) Plan side-by-side with 3 peers →

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

Outside New Jersey, the nearest 401(k) by assets is Central Houston, Inc. 401(k) Plan in TX ($6M); by covered participants it is Activehours 401(k) Plan in CA (242 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($6M here).

Central Houston, Inc. 401(k) Plan (TX) $6M · 31
Colerain Animal Clinic 401(k) Plan & Trust (OH) $6M · 117
Autostore System, Inc. 401(k) Plan (NH) $6M · 109
Panel Processing, Inc. 401(k) Plan (MI) $6M · 187

Similar participant headcount

Nearest other-state filings by covered participants (242 participants); asset peers above are excluded.

Activehours 401(k) Plan (CA) 242 · 0 off
Boro 401(k) Plan (TX) 242 · 0 off
Nu-Way Industries, Inc. Profit Sharing Plan (IL) 242 · 0 off
Rite Stuff Foods 401(k) Plan (ID) 242 · 0 off

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 Medtech 401(k) Plan assets move in 2023? ▼

Velocity Medtech 401(k) Plan grew sharply - up 20.5% during 2023, from $5M to $6M. Reported net income was $1M.

How have Medtech 7 Holdings, LLC Dba Velocity Medtech plan assets changed over time? ▼

Across 2 plan years on file (2023-2024), Medtech 7 Holdings, LLC Dba Velocity Medtech's sponsor-wide assets grew 3.3%, from $6M to $6M.

Which 401(k) plans are similar in size to Velocity Medtech 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Central Houston, Inc. 401(k) Plan in TX ($6M, 31 participants).

Which 401(k) plans cover a similar participant headcount to Velocity Medtech 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Activehours 401(k) Plan in CA (242 participants, $17M 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 814589293.