Plan Ledger DOL Form 5500 · updated monthly

Velocity Global, LLC401(k)

VELOCITY GLOBAL 401(K) RETIREMENT PLAN · DENVER, CO · plan year 2024

Reported admin expense ratio · 2024
0.33%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Velocity Global, LLC reported $72,212 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $4,545 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.54% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 416th-largest of 1,461 plans among Colorado employers on file, and the 503rd of 2,534 in administrative & support services. In 2024, employees put in $2.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,900,791
Participants with balances461
Active participants448
Employer contributions$2,035,946
Employee contributions$4,831,765
Employer contribution per active participant$4,545
Average account balance$56,184
Benefits paid to participants$4,641,614
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.9M · 461 accts · $2.0M emplr
2023$18.4M · 412 accts · $1.6M emplr
2022$11.6M · 376 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,212
Total administrative$72,212
The Velocity Global, LLC 401(k) match · 2024
Employer contribution per active participant$4,545
Median for plans this size$2,416
2024$4,545 per active participant
2023$3,795 per active participant
2022$3,481 per active participant

Velocity Global, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$72,212 · 0.33%
2023$68,751 · 0.46%
2022$51,313 · 0.54%
Same employer
Similar plansAdministrative & Support Services · Colorado
Legacy Human Resources CO$60.3M · 0.59%
Western Disposal, Inc. CO$30.5M · 0.04%
Velocity Global USA LLC CO$26.2M · 1.83%
23, LTD. CO$22.6M · 0.00%
Lutra, LLC CO$17.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461915233 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.