401(k) · DOL Form 5500 · 2023

Vel Enterprises, Inc. 401(k) Plan

Data updated 2026-08-25

$166K
Total assets Small plan by assets
10
Participants Small participant base
9th
Percentile by assets National rank
$16,618
Avg per participant Low balance/head
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Official DOL plan name: Vel Enterprises, Inc. 401(k) Plan · Sponsored by Vel Enterprises, Inc. · Florida · Other Services

$166K in assets, 10 participants

Vel Enterprises, Inc.'s Vel Enterprises, Inc. 401(k) Plan reported $166K in total assets and 10 participants in its 2023 DOL Form 5500 filing, ranking in the 9th 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.

  • #1,582 in Other Services (7,857 peers)

Vel Enterprises, Inc. multi-year trail

Vel Enterprises, Inc.'s plans moved -85.5% in assets from 2022 to 2024; this filing shows Vel Enterprises, Inc. 401(k) Plan at $166K / 10 participants.

#1,582
in Other Services (7,857 peers)
-56.1%
assets change YoY

The plan reported a net loss of $213K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Vel Enterprises, Inc. 401(k) Plan among the smaller filed plans by assets

Vel Enterprises, Inc. 401(k) Plan vs every filed plan by assets

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

$166,178 9th percentile higher than 9% 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

Vel Enterprises, Inc. 401(k) Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Vel Enterprises, Inc. 401(k) Plan is a micro filing (10 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Vel Enterprises, Inc. 401(k) Plan reported net income fell from $29K in the plan year 2022 filing to -$213K in the plan year 2023 filing.
  • Vel Enterprises, Inc. 401(k) Plan reported participants rose from 5 in the plan year 2022 filing to 10 in the plan year 2023 filing.
  • Vel Enterprises, Inc. 401(k) Plan end-of-year assets fell from $379K in the plan year 2022 filing to $166K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 823587810 · Vel Enterprises, Inc. PY 2023 · 401(k)

Vel Enterprises, Inc. 401(k) Plan · $166K · 10 · 9th

  • NET $166K
  • NET 10
  • NET 9th
  • NET 401(k)
  • NET near Pearl Consulting, Inc. 401(k) Profit Sharing Plan
  • NET ind #1582

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 Florida →

Vel Enterprises, Inc. 401(k) Plan in the asset neighbourhood

Vel Enterprises, Inc. 401(k) PlanVel Enterprises, Inc. 401(k)…$166KPearl Consulting, Inc. 401(k) Profit Sharing PlanPearl Consulting, Inc. 401(k…$166KSouth Texas Pizza Inc 401(k) PlanSouth Texas Pizza Inc 401(k)…$166KTexavaria Corp. 401(k) Plan$166KThe Hull Team, Inc. 401(k) Profit Sharing PlanThe Hull Team, Inc. 401(k) P…$166K
End-of-year total assets ($M) among Vel Enterprises, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Vel Enterprises, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Vel Enterprises, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$55K 85.52945865126014% vs 2022
2024 filing year
$0M$0.2M$0.4M$0.6M$0.8M 202220232024 $0.38M $0.05M ▼ -86.8%
Year Plans Participants Total Assets
2022 1 5 $379K
2023 2 11 $722K
2024 1 11 $55K

Vel Enterprises, Inc. filing trail (2023)

Total Assets (Beginning of Year)$379K
Net Assets (End of Year)$166K
Net Income-$213K
Employer EIN823587810
Plan Effective Date2017-11-29
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Florida

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

Vel Enterprises, Inc. 401(k) Plan vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Vel Enterprises, Inc. 401(k) Plan, Total assets ($B): 0.000166178 · Participants: 10Vel Enterprises, Inc. 401(k) PlanL3harris Retirement Savings Plan, Total assets ($B): 15.384363901 · Participants: 40665L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 11.333196569 · Participants: 50817Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 8.025816173 · Participants: 308867Adp Totalsource Retirement Savings PlanTrinet 401(k) Plan, Total assets ($B): 7.029692551 · Participants: 157945Trinet 401(k) PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 6.572590596 · Participants: 184674Publix Super Markets, Inc. 401(k) Smart Plan
Vel Enterprises, Inc. 401(k) Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Vel Enterprises, Inc. 401(k) Plan side-by-side with 3 peers →

Vel Enterprises, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Florida, the nearest 401(k) by assets is Pearl Consulting, Inc. 401(k) Profit Sharing Plan in GA ($166K); by covered participants it is Nicholas E. Nahernak Dds, PC 401(k) Profit Sharing Pl 816828 in MI (10 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($166K here).

Similar participant headcount

Nearest other-state filings by covered participants (10 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 Vel Enterprises, Inc. 401(k) Plan assets move in 2023? ▼
Vel Enterprises, Inc. 401(k) Plan contracted severely - down 56.1% during 2023, from $379K to $166K. Reported net income was -$213K.
How have Vel Enterprises, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Vel Enterprises, Inc.'s sponsor-wide assets declined 85.5%, from $379K to $55K.
Where does Vel Enterprises, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Vel Enterprises, Inc. 401(k) Plan ranks in the 9th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which 401(k) plans are similar in size to Vel Enterprises, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Pearl Consulting, Inc. 401(k) Profit Sharing Plan in GA ($166K, 1 participant).
Which 401(k) plans cover a similar participant headcount to Vel Enterprises, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Nicholas E. Nahernak Dds, PC 401(k) Profit Sharing Pl 816828 in MI (10 participants, $1M 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 823587810.

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.