Velex, Inc.401(k)

Name: Velex, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

VELEX, INC. 401(K) PLAN · WILMINGTON, DE · plan year 2022

Plan assets · 2022

Velex, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $0 across 0 participant accounts. See methodology for what Form 5500 does and doesn't capture.

In 2022, employees put in $3.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$0
Participants with balances0
Active participants0
Employer contributions$840,183
Employee contributions$3,259,726
Employer contribution per active participant—
Average account balance—
Benefits paid to participants$2,073,318
Plan auditUnmodified (clean) audit opinion
AuditorSEE ATTACHED REASONABLE CAUSE

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Source: U.S. Department of Labor, Form 5500 series, EIN 462774079 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.