401k Plan data: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN plan

VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN
Plan identification number	001

VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

VELOCITY AEROSPACE GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name: VELOCITY AEROSPACE GROUP, INC.

Employer identification number (EIN): 462037540

NAIC Classification: 811310
NAIC Description: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 ENRIQUE MENDOZA 2023-10-11 ENRIQUE MENDOZA 2023-10-11
001 2021-01-01 ENRIQUE MENDOZA 2022-09-20 ENRIQUE MENDOZA 2022-09-20
001 2020-01-01 ENRIQUE MENDOZA 2021-10-13 ENRIQUE MENDOZA 2021-10-13
001 2019-01-01 ENRIQUE MENDOZA 2020-10-06 ENRIQUE MENDOZA 2020-10-06
001 2018-01-01 ENRIQUE MENDOZA 2019-10-07 ENRIQUE MENDOZA 2019-10-07
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01
001 2014-01-01 DALE GABEL 2015-07-17
001 2013-01-01 DALE GABEL 2014-07-16

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	ENRIQUE MENDOZA	2023-10-11	ENRIQUE MENDOZA	2023-10-11
001	2021-01-01	ENRIQUE MENDOZA	2022-09-20	ENRIQUE MENDOZA	2022-09-20
001	2020-01-01	ENRIQUE MENDOZA	2021-10-13	ENRIQUE MENDOZA	2021-10-13
001	2019-01-01	ENRIQUE MENDOZA	2020-10-06	ENRIQUE MENDOZA	2020-10-06
001	2018-01-01	ENRIQUE MENDOZA	2019-10-07	ENRIQUE MENDOZA	2019-10-07
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2014-01-01
001	2014-01-01	DALE GABEL	2015-07-17
001	2013-01-01	DALE GABEL	2014-07-16

Plan Statistics for VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 140
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 82
Number of retired or separated participants receiving benefits 2022-01-01 10
Number of other retired or separated participants entitled to future benefits 2022-01-01 43
Total of all active and inactive participants 2022-01-01 135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 135
Number of participants with account balances 2022-01-01 120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 11
2021: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 153
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 89
Number of retired or separated participants receiving benefits 2021-01-01 9
Number of other retired or separated participants entitled to future benefits 2021-01-01 42
Total of all active and inactive participants 2021-01-01 140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 140
Number of participants with account balances 2021-01-01 130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 7
2020: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 205
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 92
Number of retired or separated participants receiving benefits 2020-01-01 18
Number of other retired or separated participants entitled to future benefits 2020-01-01 43
Total of all active and inactive participants 2020-01-01 153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 153
Number of participants with account balances 2020-01-01 149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 19
2019: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 224
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 158
Number of retired or separated participants receiving benefits 2019-01-01 5
Number of other retired or separated participants entitled to future benefits 2019-01-01 42
Total of all active and inactive participants 2019-01-01 205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 205
Number of participants with account balances 2019-01-01 190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 23
2018: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 238
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 172
Number of retired or separated participants receiving benefits 2018-01-01 10
Number of other retired or separated participants entitled to future benefits 2018-01-01 42
Total of all active and inactive participants 2018-01-01 224
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 224
Number of participants with account balances 2018-01-01 199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 18
2017: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 198
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 167
Number of retired or separated participants receiving benefits 2017-01-01 15
Number of other retired or separated participants entitled to future benefits 2017-01-01 56
Total of all active and inactive participants 2017-01-01 238
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 238
Number of participants with account balances 2017-01-01 220
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 30
2016: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 179
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 147
Number of retired or separated participants receiving benefits 2016-01-01 9
Number of other retired or separated participants entitled to future benefits 2016-01-01 42
Total of all active and inactive participants 2016-01-01 198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 198
Number of participants with account balances 2016-01-01 190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 11
2015: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 130
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 161
Number of retired or separated participants receiving benefits 2015-01-01 18
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 179
Number of participants with account balances 2015-01-01 176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 7

Measure	Date	Value
2022: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	140
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	82
Number of retired or separated participants receiving benefits	2022-01-01	10
Number of other retired or separated participants entitled to future benefits	2022-01-01	43
Total of all active and inactive participants	2022-01-01	135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	135
Number of participants with account balances	2022-01-01	120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	11
2021: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	153
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	89
Number of retired or separated participants receiving benefits	2021-01-01	9
Number of other retired or separated participants entitled to future benefits	2021-01-01	42
Total of all active and inactive participants	2021-01-01	140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	140
Number of participants with account balances	2021-01-01	130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	7
2020: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	205
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	92
Number of retired or separated participants receiving benefits	2020-01-01	18
Number of other retired or separated participants entitled to future benefits	2020-01-01	43
Total of all active and inactive participants	2020-01-01	153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	153
Number of participants with account balances	2020-01-01	149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	19
2019: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	224
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	158
Number of retired or separated participants receiving benefits	2019-01-01	5
Number of other retired or separated participants entitled to future benefits	2019-01-01	42
Total of all active and inactive participants	2019-01-01	205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	205
Number of participants with account balances	2019-01-01	190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	23
2018: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	238
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	172
Number of retired or separated participants receiving benefits	2018-01-01	10
Number of other retired or separated participants entitled to future benefits	2018-01-01	42
Total of all active and inactive participants	2018-01-01	224
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	224
Number of participants with account balances	2018-01-01	199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	18
2017: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	198
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	167
Number of retired or separated participants receiving benefits	2017-01-01	15
Number of other retired or separated participants entitled to future benefits	2017-01-01	56
Total of all active and inactive participants	2017-01-01	238
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	238
Number of participants with account balances	2017-01-01	220
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	30
2016: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	179
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	147
Number of retired or separated participants receiving benefits	2016-01-01	9
Number of other retired or separated participants entitled to future benefits	2016-01-01	42
Total of all active and inactive participants	2016-01-01	198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	198
Number of participants with account balances	2016-01-01	190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	11
2015: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	130
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	161
Number of retired or separated participants receiving benefits	2015-01-01	18
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	179
Number of participants with account balances	2015-01-01	176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	7

Financial Data on VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2022 : VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-440,836
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$796,156
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$705,038
Expenses. Certain deemed distributions of participant loans	2022-12-31	$23,420
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$478,912
Value of total assets at end of year	2022-12-31	$7,043,387
Value of total assets at beginning of year	2022-12-31	$8,280,379
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$67,698
Total interest from all sources	2022-12-31	$15,797
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$239,759
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$239,759
Administrative expenses professional fees incurred	2022-12-31	$4,250
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$330,135
Participant contributions at end of year	2022-12-31	$290,596
Participant contributions at beginning of year	2022-12-31	$278,114
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$0
Liabilities. Value of operating payables at end of year	2022-12-31	$0
Liabilities. Value of operating payables at beginning of year	2022-12-31	$0
Total non interest bearing cash at end of year	2022-12-31	$21,141
Total non interest bearing cash at beginning of year	2022-12-31	$22,247
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	$-1,236,992
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$7,043,387
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$8,280,379
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
Investment advisory and management fees	2022-12-31	$30,501
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$6,361,611
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$7,858,076
Interest on participant loans	2022-12-31	$14,281
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$367,973
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$121,942
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$121,942
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$1,516
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,175,304
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
Assets. Invements in employer securities at end of year	2022-12-31	$0
Assets. Invements in employer securities at beginning of year	2022-12-31	$0
Contributions received in cash from employer	2022-12-31	$148,777
Employer contributions (assets) at end of year	2022-12-31	$2,066
Employer contributions (assets) at beginning of year	2022-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$705,038
Contract administrator fees	2022-12-31	$32,947
Liabilities. Value of benefit claims payable at end of year	2022-12-31	$0
Liabilities. Value of benefit claims payable at beginning of year	2022-12-31	$0
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	CASSELL PLAN AUDITS
Accountancy firm EIN	2022-12-31	462966358
2021 : VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$8,375
Total income from all sources (including contributions)	2021-12-31	$1,808,004
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$588,304
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$522,981
Expenses. Certain deemed distributions of participant loans	2021-12-31	$2,962
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$542,129
Value of total assets at end of year	2021-12-31	$8,280,379
Value of total assets at beginning of year	2021-12-31	$7,069,054
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$62,361
Total interest from all sources	2021-12-31	$17,224
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$497,673
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$497,673
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$381,941
Participant contributions at end of year	2021-12-31	$278,114
Participant contributions at beginning of year	2021-12-31	$320,422
Participant contributions at end of year	2021-12-31	$0
Participant contributions at beginning of year	2021-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2021-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$0
Administrative expenses (other) incurred	2021-12-31	$8,000
Liabilities. Value of operating payables at end of year	2021-12-31	$0
Liabilities. Value of operating payables at beginning of year	2021-12-31	$102
Total non interest bearing cash at end of year	2021-12-31	$22,247
Total non interest bearing cash at beginning of year	2021-12-31	$20,338
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$1,219,700
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$8,280,379
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$7,060,679
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$30,107
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$7,858,076
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$6,358,834
Income. Interest from loans (other than to participants)	2021-12-31	$17,131
Income. Interest from US Government securities	2021-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$121,942
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$369,460
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$369,460
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$93
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$750,978
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$160,188
Employer contributions (assets) at end of year	2021-12-31	$0
Employer contributions (assets) at beginning of year	2021-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$522,981
Contract administrator fees	2021-12-31	$24,254
Liabilities. Value of benefit claims payable at end of year	2021-12-31	$0
Liabilities. Value of benefit claims payable at beginning of year	2021-12-31	$8,273
Did the plan have assets held for investment	2021-12-31	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	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	CASSELL PLAN AUDITS
Accountancy firm EIN	2021-12-31	462966358
2020 : VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$8,375
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$1,044,602
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$1,689,105
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$1,581,310
Expenses. Certain deemed distributions of participant loans	2020-12-31	$40,252
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$585,045
Value of total assets at end of year	2020-12-31	$7,069,054
Value of total assets at beginning of year	2020-12-31	$7,705,182
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$67,543
Total interest from all sources	2020-12-31	$16,203
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$112,514
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$112,514
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$392,573
Participant contributions at end of year	2020-12-31	$320,422
Participant contributions at beginning of year	2020-12-31	$340,139
Participant contributions at end of year	2020-12-31	$0
Participant contributions at beginning of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$30,347
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2020-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$0
Administrative expenses (other) incurred	2020-12-31	$8,000
Liabilities. Value of operating payables at end of year	2020-12-31	$102
Liabilities. Value of operating payables at beginning of year	2020-12-31	$0
Total non interest bearing cash at end of year	2020-12-31	$20,338
Total non interest bearing cash at beginning of year	2020-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Income. Non cash contributions	2020-12-31	$0
Value of net income/loss	2020-12-31	$-644,503
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$7,060,679
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$7,705,182
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$27,184
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$6,358,834
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$7,320,288
Income. Interest from loans (other than to participants)	2020-12-31	$16,192
Income. Interest from US Government securities	2020-12-31	$11
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$369,460
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$44,755
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$44,755
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$330,840
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$162,125
Employer contributions (assets) at end of year	2020-12-31	$0
Employer contributions (assets) at beginning of year	2020-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$1,581,310
Contract administrator fees	2020-12-31	$32,359
Liabilities. Value of benefit claims payable at end of year	2020-12-31	$8,273
Liabilities. Value of benefit claims payable at beginning of year	2020-12-31	$0
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	CASSELL PLAN AUDITS
Accountancy firm EIN	2020-12-31	462966358
2019 : VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$2,297,703
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$1,703,094
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,630,396
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,010,985
Value of total assets at end of year	2019-12-31	$7,705,182
Value of total assets at beginning of year	2019-12-31	$7,110,573
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$72,698
Total interest from all sources	2019-12-31	$21,886
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$226,958
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$226,958
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$575,790
Participant contributions at end of year	2019-12-31	$340,139
Participant contributions at beginning of year	2019-12-31	$348,249
Participant contributions at end of year	2019-12-31	$0
Participant contributions at beginning of year	2019-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$176,827
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2019-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-12-31	$0
Administrative expenses (other) incurred	2019-12-31	$8,000
Total non interest bearing cash at end of year	2019-12-31	$0
Total non interest bearing cash at beginning of year	2019-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$594,609
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$7,705,182
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$7,110,573
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$30,245
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$7,320,288
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$6,739,684
Income. Interest from loans (other than to participants)	2019-12-31	$21,719
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$44,755
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$22,640
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$22,640
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$167
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$1,037,874
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$258,368
Employer contributions (assets) at end of year	2019-12-31	$0
Employer contributions (assets) at beginning of year	2019-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,630,396
Contract administrator fees	2019-12-31	$34,453
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	CASSELL PLAN AUDITS
Accountancy firm EIN	2019-12-31	462966358
2018 : VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total income from all sources (including contributions)	2018-12-31	$281,226
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$1,199,023
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$1,126,630
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$949,037
Value of total assets at end of year	2018-12-31	$7,110,573
Value of total assets at beginning of year	2018-12-31	$8,028,370
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$72,393
Total interest from all sources	2018-12-31	$12,186
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$305,340
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$305,340
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$500,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$624,877
Participant contributions at end of year	2018-12-31	$348,249
Participant contributions at beginning of year	2018-12-31	$247,157
Participant contributions at end of year	2018-12-31	$0
Participant contributions at beginning of year	2018-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$17,437
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2018-12-31	$429
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2018-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2018-12-31	$0
Total non interest bearing cash at end of year	2018-12-31	$0
Total non interest bearing cash at beginning of year	2018-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-917,797
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$7,110,573
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$8,028,370
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Investment advisory and management fees	2018-12-31	$33,894
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$6,739,684
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$7,729,495
Interest on participant loans	2018-12-31	$12,130
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$22,640
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2018-12-31	$50,380
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2018-12-31	$50,380
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$56
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-985,337
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$306,723
Employer contributions (assets) at end of year	2018-12-31	$0
Employer contributions (assets) at beginning of year	2018-12-31	$1,338
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$1,126,201
Contract administrator fees	2018-12-31	$38,499
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	2018-12-31	No
Did the plan have assets held for investment	2018-12-31	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	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	CASSELL PLAN AUDITS
Accountancy firm EIN	2018-12-31	462966358
2017 : VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets	2017-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total income from all sources (including contributions)	2017-12-31	$1,878,995
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$377,165
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$291,025
Expenses. Certain deemed distributions of participant loans	2017-12-31	$21,332
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$905,148
Value of total assets at end of year	2017-12-31	$8,028,370
Value of total assets at beginning of year	2017-12-31	$6,526,540
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$64,808
Total interest from all sources	2017-12-31	$13,819
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$143,750
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-31	$143,750
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$500,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$607,186
Participant contributions at end of year	2017-12-31	$247,157
Participant contributions at beginning of year	2017-12-31	$241,963
Participant contributions at end of year	2017-12-31	$0
Participant contributions at beginning of year	2017-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$1,800
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2017-12-31	$1,019
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2017-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2017-12-31	$0
Administrative expenses (other) incurred	2017-12-31	$0
Total non interest bearing cash at end of year	2017-12-31	$0
Total non interest bearing cash at beginning of year	2017-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$1,501,830
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$8,028,370
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$6,526,540
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Investment advisory and management fees	2017-12-31	$30,347
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$7,729,495
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$6,274,500
Interest on participant loans	2017-12-31	$13,812
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-31	$50,380
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2017-12-31	$10,077
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2017-12-31	$10,077
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$7
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$816,278
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$296,162
Employer contributions (assets) at end of year	2017-12-31	$1,338
Employer contributions (assets) at beginning of year	2017-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$290,006
Contract administrator fees	2017-12-31	$34,461
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	2017-12-31	No
Did the plan have assets held for investment	2017-12-31	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	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	CASSELL PLAN AUDITS
Accountancy firm EIN	2017-12-31	462966358
2016 : VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets	2016-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$21,642
Total income from all sources (including contributions)	2016-12-31	$1,581,388
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$617,517
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$529,558
Expenses. Certain deemed distributions of participant loans	2016-12-31	$36,335
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$878,154
Value of total assets at end of year	2016-12-31	$6,526,540
Value of total assets at beginning of year	2016-12-31	$5,584,311
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$51,624
Total interest from all sources	2016-12-31	$11,524
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$120,496
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$120,496
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$500,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$598,956
Participant contributions at end of year	2016-12-31	$241,963
Participant contributions at beginning of year	2016-12-31	$360,591
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$1,743
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2016-12-31	$1,750
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2016-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2016-12-31	$21,642
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Income. Non cash contributions	2016-12-31	$0
Value of net income/loss	2016-12-31	$963,871
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$6,526,540
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$5,562,669
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Investment advisory and management fees	2016-12-31	$24,910
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$6,274,500
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$5,085,054
Interest on participant loans	2016-12-31	$11,520
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$10,077
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$131,920
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$131,920
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$4
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$571,214
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$277,455
Employer contributions (assets) at end of year	2016-12-31	$0
Employer contributions (assets) at beginning of year	2016-12-31	$6,746
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$527,808
Contract administrator fees	2016-12-31	$26,714
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	2016-12-31	No
Did the plan have assets held for investment	2016-12-31	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	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	CASSELL PLAN AUDITS
Accountancy firm EIN	2016-12-31	462966358
2015 : VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets	2015-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$21,642
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total income from all sources (including contributions)	2015-12-31	$805,048
Total loss/gain on sale of assets	2015-12-31	$0
Total of all expenses incurred	2015-12-31	$485,920
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$379,484
Expenses. Certain deemed distributions of participant loans	2015-12-31	$59,159
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$904,859
Value of total assets at end of year	2015-12-31	$5,584,311
Value of total assets at beginning of year	2015-12-31	$5,243,541
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$47,277
Total interest from all sources	2015-12-31	$15,860
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$96,744
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-12-31	$96,744
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$350,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$622,617
Participant contributions at end of year	2015-12-31	$360,591
Participant contributions at beginning of year	2015-12-31	$373,172
Participant contributions at end of year	2015-12-31	$0
Participant contributions at beginning of year	2015-12-31	$21,039
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$3,876
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2015-12-31	$21,642
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2015-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$319,128
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$5,562,669
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$5,243,541
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Investment advisory and management fees	2015-12-31	$23,688
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$5,085,054
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$4,713,392
Interest on participant loans	2015-12-31	$15,846
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2015-12-31	$131,920
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2015-12-31	$125,246
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2015-12-31	$125,246
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2015-12-31	$14
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-212,415
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$278,366
Employer contributions (assets) at end of year	2015-12-31	$6,746
Employer contributions (assets) at beginning of year	2015-12-31	$10,692
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$379,484
Contract administrator fees	2015-12-31	$23,589
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	2015-12-31	No
Did the plan have assets held for investment	2015-12-31	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	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	CASSELL PLAN AUDITS
Accountancy firm EIN	2015-12-31	462966358

Form 5500 Responses for VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN

2022: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: VELOCITY AEROSPACE GROUP, INC 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	VELOCITY AEROSPACE GROUP, INC.
Employer identification number (EIN):	462037540
NAIC Classification:	811310
NAIC Description:	Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance