401(k) · DOL Form 5500 · 2024

Velocity Clinical Research, Inc 401(k) Plan

Data updated 2026-08-25

$36M
Total assets Below avg plan size
1,282
Participants Near avg headcount
80th
Percentile by assets National rank
$27,756
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

$36M in assets, 1,282 participants

Velocity Clinical Research, Inc's Velocity Clinical Research 401(k) Plan reported $36M in total assets and 1,282 participants in its 2024 DOL Form 5500 filing, ranking in the 80th 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.

  • #16,186 in Professional & Technical Services (20,173 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, $36M for 1,282 participants (~$27,756/participant), up 32.6% in 2024.

#16,186
in Professional & Technical Services (20,173 peers)
+32.6%
assets growth YoY
0.4×
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 2024 · DOL Form 5500

$35,583,319 Top 20% higher than 80% of 123,620 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 2024

Velocity Clinical Research 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Velocity Clinical Research 401(k) Plan lands in the large band (1,282 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Velocity Clinical Research 401(k) Plan reported participants rose from 769 in the plan year 2023 filing to 1,282 in the plan year 2024 filing.
  • Velocity Clinical Research 401(k) Plan end-of-year assets rose from $27M in the plan year 2023 filing to $36M in the plan year 2024 filing.
  • Velocity Clinical Research 401(k) Plan reported net income fell from $9M in the plan year 2023 filing to $8M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 823171064 · Velocity Clinical Research, Inc PY 2024 · 401(k)

Velocity Clinical Research 401(k) Plan · $36M · 1,282 · 80th

  • SCH $36M
  • EBSA 1,282
  • PART 80th
  • TYPE 401(k)
  • NET near Tenacre Foundation 401(k) Plan
  • BOOK ind #16186

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

The Gratitude Pep$36MAjax Paving Industries of Florida, LLC 401(k) PlanAjax Paving Industries of Fl…$36MFbi Family of Companies 401(k) Retirement PlanFbi Family of Companies 401(…$36MVelocity Clinical Research 401(k) PlanVelocity Clinical Research 4…$36MTenacre Foundation 401(k) PlanTenacre Foundation 401(k) Pl…$36M
End-of-year total assets ($M) among Velocity Clinical Research 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$36M
Net Income$8M
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 -20020406080 Total assets ($B) Participants Velocity Clinical Research 401(k) Plan, Total assets ($B): 0.035583319 · Participants: 1282Velocity Clinical Research 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) 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 Tenacre Foundation 401(k) Plan in NJ ($36M); by covered participants it is Kimball Electronics Retirement Plan in IN (1,282 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($36M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,282 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Velocity Clinical Research 401(k) Plan surged - up 32.6% during 2024, from $27M to $36M. Reported net income was $8M.
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 80th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Tenacre Foundation 401(k) Plan in NJ ($36M, 150 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 Kimball Electronics Retirement Plan in IN (1,282 participants, $154M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.