Defined Benefit (Pension) · DOL Form 5500 · 2024
Velocity Credit Union Pension Plan
Data updated 2026-08-11
- $53M
- Total assets
- 87
- Participants
- 85th
- Percentile by assets
- $604,662
- Avg per participant
Official DOL plan name: Velocity Credit Union Pension Plan · Sponsored by Velocity Credit Union · Texas · Finance & Insurance
$53M in assets, 87 participants
Velocity Credit Union's Velocity Credit Union Pension Plan reported $53M in total assets and 87 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.
- 85th percentile by assets (of 123,622 plans)
- #6,528 in Finance & Insurance (8,549 peers)
Where Velocity Credit Union Pension Plan sits by assets
Velocity Credit Union Pension Plan sits in the top quartile of all filed plans by assets, $53M for 87 participants (~$604,662/participant), up 11.2% in 2024.
- $53M
- total plan assets (2024 EOY)
- 87
- covered participants
- 85th
- percentile by assets (of 123,622 plans)
- $604,662
- avg assets per participant
Where Velocity Credit Union Pension Plan sits by total assets
Velocity Credit Union Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$52,605,633 Top 15% higher than 85% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Velocity Credit Union Pension Plan end-of-year assets rose from $47M in the plan year 2023 filing to $53M in the plan year 2024 filing.
- Velocity Credit Union Pension Plan reported net income fell from $6M in the plan year 2023 filing to $5M in the plan year 2024 filing.
- Velocity Credit Union Pension Plan reported participants fell from 95 in the plan year 2023 filing to 87 in the plan year 2024 filing.
Velocity Credit Union Pension Plan vs the 2024 asset distribution
By assets, Velocity Credit Union Pension Plan outranks 85% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $47M |
|---|---|
| Net Assets (End of Year) | $53M |
| Net Income | $5M |
| Employer EIN | 741200165 |
| Plan Effective Date | 2004-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Velocity Credit Union)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 301 | $55M |
| 2023 | 2 | 298 | $64M |
| 2024 | 2 | 296 | $71M |
Nearby Defined Benefit (Pension) Plans in Texas
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Velocity Credit Union Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
- AT&T Pension Benefit Plan $28.3B · 100,400
- Exxonmobil Pension Plan $12.1B · 22,000
- Chevron Retirement Plan $9.7B · 21,297
- Shell Pension Plan $9.7B · 12,688
- Caterpillar Inc. Retirement Income Plan $9.2B · 11,498
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Velocity Credit Union Pension Plan by total assets, not by location.
- Ufcw-Giant Variable Annuity Fund (MD) $53M · 9,542
- Northwestern Energy Sd/Ne Pension Plan (MT) $53M · 117
- The Legal Aid Society Retirement Plan (NY) $53M · 67
- Nysa-Ppgu Pension Fund & Plan (NJ) $53M · 198
Frequently Asked Questions
How did Velocity Credit Union Pension Plan assets move in 2024? ▼
How have Velocity Credit Union plan assets changed over time? ▼
Where does Velocity Credit Union Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Velocity Credit Union Pension Plan? ▼
Next read for Velocity Credit Union Pension Plan
Scale reading
Ways to act on Velocity Credit Union Pension Plan's numbers.
- By total assets, Velocity Credit Union Pension Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Texas. Compare plans
- Velocity Credit Union's sponsor-wide assets have grown 29.3% since 2022 across 3 plan years on file. More Finance & Insurance plans