Velocity Global USA 401(k) match, vesting and fees
What Velocity Global USA'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 | Primark Benefits | 2023 Schedule C ↗ |
| Independent auditor | Pension Assurance, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 277 defined-contribution plans in administrative, support and waste management services with 1,000 to 4,999 participants.
| Velocity Global USA: employer contribution per participant | $270 | |
| Peer median | $1,484 |
| Velocity Global USA: average balance | $16,253 | |
| Peer median | $40,329 |
| Velocity Global USA: admin expenses ÷ assets | 1.83% | |
| Peer median | 0.34% |
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 $11.3M at the end of plan year 2021 to $26.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,905 | $26.2M | $436K | $270 | 1.83% | Not published | Form 5500 ↗ |
| 2023 | 3,171 | $23M | $646K | $228 | 1.69% | Not published | Form 5500 ↗ |
| 2022 | 3,648 | $14.3M | $254K | $83 | 1.62% | Not published | Form 5500 ↗ |
| 2021 | 2,710 | $11.3M | $71K | $31 | 1.63% | Not published | Form 5500 ↗ |
Common questions
Does Velocity Global USA match 401(k) contributions?
The match terms for the Velocity Global USA LLC 401(k) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $436K in employer contributions, about $270 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Velocity Global USA 401(k) match vested?
The vesting schedule for the Velocity Global USA LLC 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Velocity Global USA 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Primark Benefits. The plan administrator is Velocity Global USA LLC.
I left Velocity Global USA. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Velocity Global USA LLC, (415) 527-0572) or the recordkeeper, Primark Benefits. The Velocity Global USA old 401(k) page lists the contacts from every plan filing. Find an old Velocity Global USA 401(k)
Data from the public Form 5500 annual reports Velocity Global USA filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Velocity Global USA. Not financial advice. Report a correction · Methodology