VELOCITY RISK UNDERWRITERS LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan VELOCITY RISK UNDERWRITERS, LLC RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2023 : VELOCITY RISK UNDERWRITERS, LLC RETIREMENT PLAN 2023 401k financial data |
|---|
| Total income from all sources (including contributions) | 2023-12-31 | $3,826,922 |
| Total of all expenses incurred | 2023-12-31 | $208,593 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $205,693 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $2,416,149 |
| Value of total assets at end of year | 2023-12-31 | $10,280,155 |
| Value of total assets at beginning of year | 2023-12-31 | $6,661,826 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $2,900 |
| Total interest from all sources | 2023-12-31 | $1,659 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $3,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $1,083,330 |
| Participant contributions at end of year | 2023-12-31 | $13,285 |
| Participant contributions at beginning of year | 2023-12-31 | $36,676 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $17,799 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $3,618,329 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $10,280,155 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $6,661,826 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $9,508,123 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $6,582,233 |
| Interest on participant loans | 2023-12-31 | $1,659 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $133,150 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $42,917 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $1,409,114 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $1,315,020 |
| Employer contributions (assets) at end of year | 2023-12-31 | $625,597 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $205,693 |
| Contract administrator fees | 2023-12-31 | $2,900 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | FRAZIER & DEETER, LLC |
| Accountancy firm EIN | 2023-12-31 | 581433845 |
| Total income from all sources (including contributions) | 2023-01-01 | $3,826,922 |
| Total of all expenses incurred | 2023-01-01 | $208,593 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $205,693 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $2,416,149 |
| Value of total assets at end of year | 2023-01-01 | $10,280,155 |
| Value of total assets at beginning of year | 2023-01-01 | $6,661,826 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $2,900 |
| Total interest from all sources | 2023-01-01 | $1,659 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $3,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $1,083,330 |
| Participant contributions at end of year | 2023-01-01 | $13,285 |
| Participant contributions at beginning of year | 2023-01-01 | $36,676 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $17,799 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $3,618,329 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $10,280,155 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $6,661,826 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $9,508,123 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $6,582,233 |
| Interest on participant loans | 2023-01-01 | $1,659 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $133,150 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-01-01 | $42,917 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $1,409,114 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $1,315,020 |
| Employer contributions (assets) at end of year | 2023-01-01 | $625,597 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $205,693 |
| Contract administrator fees | 2023-01-01 | $2,900 |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | FRAZIER & DEETER, LLC |
| Accountancy firm EIN | 2023-01-01 | 581433845 |
| 2022 : VELOCITY RISK UNDERWRITERS, LLC RETIREMENT PLAN 2022 401k financial data |
|---|
| Total transfer of assets to this plan | 2022-12-31 | $6,004,141 |
| Total income from all sources (including contributions) | 2022-12-31 | $1,090,948 |
| Total of all expenses incurred | 2022-12-31 | $433,263 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $432,263 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,478,847 |
| Value of total assets at end of year | 2022-12-31 | $6,661,826 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $1,000 |
| Total interest from all sources | 2022-12-31 | $2,184 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $6,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $872,560 |
| Participant contributions at end of year | 2022-12-31 | $36,676 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $94,142 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $657,685 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $6,661,826 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $6,582,233 |
| Interest on participant loans | 2022-12-31 | $1,933 |
| Interest earned on other investments | 2022-12-31 | $251 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $42,917 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-390,083 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $512,145 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $432,263 |
| Contract administrator fees | 2022-12-31 | $1,000 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | Yes |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | FRAZIER & DEETER, LLC |
| Accountancy firm EIN | 2022-12-31 | 581433845 |
| Total transfer of assets to this plan | 2022-01-01 | $6,004,141 |
| Total income from all sources (including contributions) | 2022-01-01 | $1,090,948 |
| Total of all expenses incurred | 2022-01-01 | $433,263 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $432,263 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $1,478,847 |
| Value of total assets at end of year | 2022-01-01 | $6,661,826 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $1,000 |
| Total interest from all sources | 2022-01-01 | $2,184 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $6,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $872,560 |
| Participant contributions at end of year | 2022-01-01 | $36,676 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $94,142 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $657,685 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $6,661,826 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $6,582,233 |
| Interest on participant loans | 2022-01-01 | $1,933 |
| Interest earned on other investments | 2022-01-01 | $251 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-01-01 | $42,917 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-390,083 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $512,145 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $432,263 |
| Contract administrator fees | 2022-01-01 | $1,000 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-01-01 | Yes |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | FRAZIER & DEETER, LLC |
| Accountancy firm EIN | 2022-01-01 | 581433845 |
