Profit Sharing
2024 plan-year Profit Sharing DOL Form 5500

VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

VELOCITY OUTDOOR INC.

This Profit Sharing plan holds $17M in total assets and serves 271 participants as of 2024. It is sponsored by VELOCITY OUTDOOR INC. in New York. The plan reported a net loss of $9M for the year.

Total Assets (2023)
$17M
Participants
271
State
Industry
Manufacturing

What the Filing Says About VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN

VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN is a Profit Sharing retirement plan sponsored by VELOCITY OUTDOOR INC., headquartered in New York. As of the 2024 Form 5500 filing, the plan reports $17M in total end-of-year assets and covers 271 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 223057382, and the plan has been effective since 1990-07-16. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $26M at the beginning of 2024 to $17M at year-end — a decline of 34.2%. Net assets (after liabilities) closed the year at $17M, with reported net income of $-8,729,927 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$26M
Total Assets (End of Year)$17M
Net Assets (End of Year)$17M
Net Income$-8,729,927
Plan TypeProfit Sharing
Employer EIN223057382
Plan Effective Date1990-07-16
Filing StatusFILING RECEIVED

Sponsor Plan History (VELOCITY OUTDOOR INC.)

Year Plans Participants Total Assets
2022 1 358 $21M
2023 1 337 $26M
2024 1 271 $17M

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Frequently Asked Questions

How much money is in the VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN?
As of the 2024 Form 5500 filing, VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN holds $17M in total assets with 271 participants. It is sponsored by VELOCITY OUTDOOR INC..
What type of plan is VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN?
VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN is a Profit Sharing plan. It has been effective since 1990-07-16. The plan is filed with the U.S. Department of Labor under EIN 223057382.
Who sponsors the VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN?
VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN is sponsored by VELOCITY OUTDOOR INC., located in New York. The sponsor's EIN is 223057382 and the plan operates in the Manufacturing industry.
How did VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN perform in 2024?
VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN declined by 34.2% during 2024, moving from $26M to $17M in total assets. Net income was $-8,729,927.
Where can I find official filings for VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN?
Official Form 5500 filings for VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 223057382 or plan name at efast.dol.gov.
How does VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN compare to other plans?
You can compare VELOCITY OUTDOOR INC. RETIREMENT INCENTIVE SAVINGS PLAN against other Profit Sharing plans on the plan type page, or view plans in New York on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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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 223057382.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.