Medtech 7 Holdings, LLC DBA Velocity Medtech 401(k) match, vesting and fees
What Medtech 7 Holdings, LLC DBA Velocity Medtech's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Clifton Larson Allen, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 8,908 defined-contribution plans in manufacturing with 100 to 499 participants.
| Medtech 7 Holdings, LLC DBA Velocity Medtech: employer contribution per participant | $2,603 | |
| Peer median | $1,847 |
| Medtech 7 Holdings, LLC DBA Velocity Medtech: average balance | $52,455 | |
| Peer median | $65,512 |
| Medtech 7 Holdings, LLC DBA Velocity Medtech: admin expenses ÷ assets | 1.00% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $6M at the end of plan year 2023 to $6.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 200 | $6.2M | $310K | $2,603 | 1.00% | Not published | Form 5500 ↗ |
| 2023 | 170 | $6M | $294K | $2,300 | 0.62% | Not published | Form 5500 ↗ |
Common questions
Does Medtech 7 Holdings, LLC DBA Velocity Medtech match 401(k) contributions?
The match terms for the Velocity Medtech 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $310K in employer contributions, about $2,603 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Medtech 7 Holdings, LLC DBA Velocity Medtech 401(k) match vested?
The vesting schedule for the Velocity Medtech 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Medtech 7 Holdings, LLC DBA Velocity Medtech 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Medtech 7 Holdings, LLC DBA Velocity Medtech.
I left Medtech 7 Holdings, LLC DBA Velocity Medtech. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Medtech 7 Holdings, LLC DBA Velocity Medtech, (360) 282-4092) or the recordkeeper, Empower Annuity Insurance Company. The Medtech 7 Holdings, LLC DBA Velocity Medtech old 401(k) page lists the contacts from every plan filing. Find an old Medtech 7 Holdings, LLC DBA Velocity Medtech 401(k)
Data from the public Form 5500 annual reports Medtech 7 Holdings, LLC DBA Velocity Medtech filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Medtech 7 Holdings, LLC DBA Velocity Medtech. Not financial advice. Report a correction · Methodology