401(k) · DOL Form 5500 · 2024

Velocity Credit Union 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
209
Participants Below avg headcount
69th
Percentile by assets National rank
$87,895
Avg per participant Below avg balance/head
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Official DOL plan name: Velocity Credit Union Thrift and Savings Plan · Sponsored by Velocity Credit Union · Texas · Finance & Insurance

$18M in assets, 209 participants

Velocity Credit Union's Velocity Credit Union Thrift and Savings Plan reported $18M in total assets and 209 participants in its 2024 DOL Form 5500 filing, ranking in the 69th 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.

  • #4,531 in Finance & Insurance (8,549 peers)

Coverage in Texas

Velocity Credit Union Thrift and Savings Plan covers 209 participants in Texas, about 30% of the average Texas filer (state average ~688 per filing). Assets: $18M.

#4,531
in Finance & Insurance (8,549 peers)
+8.7%
assets growth YoY

Velocity Credit Union Thrift and Savings Plan's outsized position by total assets

Velocity Credit Union Thrift and Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$18,370,094 Top 31% higher than 69% 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 Credit Union Thrift and Savings Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Velocity Credit Union Thrift and Savings Plan sits mid-pack in the medium band (209 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Velocity Credit Union Thrift and Savings Plan reported net income fell from $3M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Velocity Credit Union Thrift and Savings Plan end-of-year assets rose from $17M in the plan year 2023 filing to $18M in the plan year 2024 filing.
  • Velocity Credit Union Thrift and Savings Plan reported participants rose from 203 in the plan year 2023 filing to 209 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 741200165 · Velocity Credit Union PY 2024 · 401(k)

Velocity Credit Union Thrift and Savings Plan · $18M · 209 · 69th

  • ASSETS $18M
  • ASSETS 209
  • ASSETS 69th
  • ASSETS 401(k)
  • ASSETS near Food for the Hungry, Inc. Retirement Plan
  • ASSETS ind #4531

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 Finance & Insurance retirement plans → · Plans in Texas →

Velocity Credit Union Thrift and Savings Plan in the asset neighbourhood

Velocity Credit Union Thrift and Savings PlanVelocity Credit Union Thrift…$18MFood for the Hungry, Inc. Retirement PlanFood for the Hungry, Inc. Re…$18MThird Bridge 401(k) Profit Sharing PlanThird Bridge 401(k) Profit S…$18MGlass Lewis 401(k) Plan$18MAmended 401(k) Profit Sharing Plan of Kasa Companies, Inc.Amended 401(k) Profit Sharin…$18M
End-of-year total assets ($M) among Velocity Credit Union Thrift and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Texas filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$18M
Net Income$1M
Employer EIN741200165
Plan Effective Date1982-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Velocity Credit Union)

Sponsor-wide plan assets over time

All Velocity Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$71M 29.275370475556368% vs 2022
2024 filing year
$50M$55M$60M$65M$70M$75M 202220232024 $54.9M $71M ▲ +29.3%
Year Plans Participants Total Assets
2022 2 301 $55M
2023 2 298 $64M
2024 2 296 $71M

Nearby 401(k) Plans in Texas

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

Velocity Credit Union Thrift and Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Velocity Credit Union Thrift and Savings Plan, Total assets ($B): 0.018370094 · Participants: 209Velocity Credit Union Thrift and Savings PlanAT&T Retirement Savings Plan, Total assets ($B): 43.121795 · Participants: 109889AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 23.711 · Participants: 21990Exxonmobil Savings PlanChevron Employee Savings Investment Plan, Total assets ($B): 20.378704663 · Participants: 21505Chevron Employee Savings Investment PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 18.81200478 · Participants: 43873Caterpillar 401(k) Savings PlanSouthwest Airlines Co. Retirement Savings Plan, Total assets ($B): 16.991748637 · Participants: 67820Southwest Airlines Co. Retirement Savings Plan
Velocity Credit Union Thrift and Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Velocity Credit Union Thrift and Savings Plan side-by-side with 3 peers →

Velocity Credit Union Thrift and Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Food for the Hungry, Inc. Retirement Plan in AZ ($18M); by covered participants it is Del Amo Motorsports 401(k) Profit Sharing Plan in CA (209 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($18M here).

Similar participant headcount

Nearest other-state filings by covered participants (209 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 Credit Union Thrift and Savings Plan assets move in 2024? ▼
Velocity Credit Union Thrift and Savings Plan grew at a solid clip - up 8.7% during 2024, from $17M to $18M. Reported net income was $1M.
How have Velocity Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Velocity Credit Union's sponsor-wide assets grew 29.3%, from $55M to $71M.
Which 401(k) plans are similar in size to Velocity Credit Union Thrift and Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Food for the Hungry, Inc. Retirement Plan in AZ ($18M, 174 participants).
Which 401(k) plans cover a similar participant headcount to Velocity Credit Union Thrift and Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Del Amo Motorsports 401(k) Profit Sharing Plan in CA (209 participants, $291K 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 741200165.

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.