401k Plan data: VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN plan

VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN
Plan identification number	002

VELOCITY GLOBAL USA LLC 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 GLOBAL USA LLC has sponsored the creation of one or more 401k plans.

Company Name: VELOCITY GLOBAL USA LLC

Employer identification number (EIN): 473949189

NAIC Classification: 561300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-12-01 JOSEPH T. PRUSKO 2019-10-15 JOSEPH T. PRUSKO 2019-10-15
002 2018-12-01

Plan Statistics for VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 2,710
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 2,100
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 1,548
Total of all active and inactive participants 2022-01-01 3,648
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 3,648
Number of participants with account balances 2022-01-01 3,063
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 2,173
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 1,427
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 1,283
Total of all active and inactive participants 2021-01-01 2,710
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 2,710
Number of participants with account balances 2021-01-01 2,301
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 1,352
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 1,607
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 566
Total of all active and inactive participants 2020-01-01 2,173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 2,173
Number of participants with account balances 2020-01-01 1,633
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 1,188
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 1,319
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 187
Total of all active and inactive participants 2019-01-01 1,506
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 1,506
Number of participants with account balances 2019-01-01 1,052
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-12-01 816
Total number of active participants reported on line 7a of the Form 5500 2018-12-01 1,387
Number of retired or separated participants receiving benefits 2018-12-01 0
Number of other retired or separated participants entitled to future benefits 2018-12-01 2
Total of all active and inactive participants 2018-12-01 1,389
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-12-01 0
Total participants 2018-12-01 1,389
Number of participants with account balances 2018-12-01 454
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-12-01 0

Measure	Date	Value
2022: VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	2,710
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	2,100
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	1,548
Total of all active and inactive participants	2022-01-01	3,648
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	3,648
Number of participants with account balances	2022-01-01	3,063
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	2,173
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	1,427
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	1,283
Total of all active and inactive participants	2021-01-01	2,710
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	2,710
Number of participants with account balances	2021-01-01	2,301
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	1,352
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	1,607
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	566
Total of all active and inactive participants	2020-01-01	2,173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	2,173
Number of participants with account balances	2020-01-01	1,633
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	1,188
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	1,319
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	187
Total of all active and inactive participants	2019-01-01	1,506
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	1,506
Number of participants with account balances	2019-01-01	1,052
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-12-01	816
Total number of active participants reported on line 7a of the Form 5500	2018-12-01	1,387
Number of retired or separated participants receiving benefits	2018-12-01	0
Number of other retired or separated participants entitled to future benefits	2018-12-01	2
Total of all active and inactive participants	2018-12-01	1,389
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-12-01	0
Total participants	2018-12-01	1,389
Number of participants with account balances	2018-12-01	454
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-12-01	0

Financial Data on VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2022 : VELOCITY GLOBAL USA LLC 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	$3,536
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	$4,773,581
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$1,772,515
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,564,556
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$6,859,339
Value of total assets at end of year	2022-12-31	$14,314,633
Value of total assets at beginning of year	2022-12-31	$11,310,031
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$207,959
Total interest from all sources	2022-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Administrative expenses professional fees incurred	2022-12-31	$174,707
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	$6,308,865
Participant contributions at end of year	2022-12-31	$1,249
Participant contributions at beginning of year	2022-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$296,160
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	$500
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	$105,396
Total non interest bearing cash at beginning of year	2022-12-31	$77,182
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	$3,001,066
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$14,311,097
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$11,310,031
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	$24,079
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$13,846,462
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$11,065,560
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$107,212
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$96,305
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$96,305
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-2,085,758
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	Yes
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	$254,314
Employer contributions (assets) at end of year	2022-12-31	$254,314
Employer contributions (assets) at beginning of year	2022-12-31	$70,984
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,564,556
Contract administrator fees	2022-12-31	$9,173
Liabilities. Value of benefit claims payable at end of year	2022-12-31	$3,036
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	PENSION ASSURANCE, LLP
Accountancy firm EIN	2022-12-31	300840934
2021 : VELOCITY GLOBAL USA LLC 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	$425
Total income from all sources (including contributions)	2021-12-31	$5,759,824
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$1,425,933
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$1,276,542
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$4,572,706
Value of total assets at end of year	2021-12-31	$11,310,031
Value of total assets at beginning of year	2021-12-31	$6,976,565
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$149,391
Total interest from all sources	2021-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$1,187,118
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	$1,187,118
Administrative expenses professional fees incurred	2021-12-31	$149,391
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	$4,227,461
Participant contributions at end of year	2021-12-31	$0
Participant contributions at beginning of year	2021-12-31	$46,318
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$274,261
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	$425
Total non interest bearing cash at end of year	2021-12-31	$77,182
Total non interest bearing cash at beginning of year	2021-12-31	$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	2021-12-31	No
Value of net income/loss	2021-12-31	$4,333,891
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$11,310,031
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$6,976,140
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$11,065,560
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$6,861,252
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$96,305
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$29,438
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$29,438
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	$70,984
Employer contributions (assets) at end of year	2021-12-31	$70,984
Employer contributions (assets) at beginning of year	2021-12-31	$39,557
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$1,276,542
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	PENSION ASSURANCE, LLP
Accountancy firm EIN	2021-12-31	300840934
2020 : VELOCITY GLOBAL USA LLC 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	$425
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$4,877
Total income from all sources (including contributions)	2020-12-31	$4,598,313
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$865,356
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$740,617
Value of total corrective distributions	2020-12-31	$32,828
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$3,665,968
Value of total assets at end of year	2020-12-31	$6,976,565
Value of total assets at beginning of year	2020-12-31	$3,248,060
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$91,911
Total interest from all sources	2020-12-31	$95
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$146,612
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	$146,612
Administrative expenses professional fees incurred	2020-12-31	$80,079
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	$3,002,534
Participant contributions at end of year	2020-12-31	$46,318
Participant contributions at beginning of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$574,630
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-12-31	$425
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$4,877
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
Value of net income/loss	2020-12-31	$3,732,957
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$6,976,140
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$3,243,183
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	$8,440
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$6,861,252
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$3,231,793
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$29,438
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$6,841
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$6,841
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$95
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$785,638
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	$88,804
Employer contributions (assets) at end of year	2020-12-31	$39,557
Employer contributions (assets) at beginning of year	2020-12-31	$9,426
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$740,617
Contract administrator fees	2020-12-31	$3,392
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	Disclaimer
Accountancy firm name	2020-12-31	PENSION ASSURANCE, LLP
Accountancy firm EIN	2020-12-31	300840934
2019 : VELOCITY GLOBAL USA LLC 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	$4,877
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$1,924
Total income from all sources (including contributions)	2019-12-31	$3,038,321
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$225,933
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$166,227
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$2,697,863
Value of total assets at end of year	2019-12-31	$3,248,060
Value of total assets at beginning of year	2019-12-31	$432,719
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$59,706
Total interest from all sources	2019-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Was this plan covered by a fidelity bond	2019-12-31	No
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	$2,552,615
Participant contributions at end of year	2019-12-31	$0
Participant contributions at beginning of year	2019-12-31	$1,192
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$135,822
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$4,877
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-12-31	$1,924
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	$2,812,388
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$3,243,183
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$430,795
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	$1,180
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$3,231,793
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$360,377
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$6,841
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$71,150
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$71,150
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$340,458
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	$9,426
Employer contributions (assets) at end of year	2019-12-31	$9,426
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	$166,227
Contract administrator fees	2019-12-31	$58,526
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	PENSION ASSURANCE, LLP
Accountancy firm EIN	2019-12-31	300840934
2018 : VELOCITY GLOBAL USA LLC 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	$1,924
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	$432,814
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$2,019
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$329
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$440,807
Value of total assets at end of year	2018-12-31	$432,719
Value of total assets at beginning of year	2018-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$1,690
Total interest from all sources	2018-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Was this plan covered by a fidelity bond	2018-12-31	No
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	$289,296
Participant contributions at end of year	2018-12-31	$1,192
Participant contributions at beginning of year	2018-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$151,511
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2018-12-31	$1,924
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) 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	$430,795
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$430,795
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$0
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	$1,690
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$360,377
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$71,150
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2018-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2018-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-7,993
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	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$329
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
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	PENSION ASSURANCE, LLP
Accountancy firm EIN	2018-12-31	300840934

Form 5500 Responses for VELOCITY GLOBAL USA LLC 401(K) PROFIT SHARING PLAN

2022: VELOCITY GLOBAL USA LLC 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 GLOBAL USA LLC 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 GLOBAL USA LLC 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 GLOBAL USA LLC 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 GLOBAL USA LLC 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-12-01	Type of plan entity	Single employer plan
2018-12-01	First time form 5500 has been submitted	Yes
2018-12-01	Submission has been amended	Yes
2018-12-01	This submission is the final filing	No
2018-12-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2018-12-01	Plan is a collectively bargained plan	No
2018-12-01	Plan funding arrangement – Trust	Yes
2018-12-01	Plan benefit arrangement - Trust	Yes

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Company Name:	VELOCITY GLOBAL USA LLC
Employer identification number (EIN):	473949189
NAIC Classification:	561300