401k Plan data: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN plan

VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 401k Plan overview

Plan Name	VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN
Plan identification number	001

VELOCITY COMMERCIAL CAPITAL 401K 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.

401k Sponsoring company profile

VELOCITY COMMERCIAL CAPITAL, LLC has sponsored the creation of one or more 401k plans.

Company Name: VELOCITY COMMERCIAL CAPITAL, LLC

Employer identification number (EIN): 201193192

NAIC Classification: 522292
NAIC Description: Real Estate Credit

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 PHIL TISUE
001 2016-01-01 PHIL TISUE
001 2016-01-01
001 2015-01-01 MARK FLEISCHMANN 2016-06-20
001 2014-01-01 MARK FLEISCHMANN 2015-07-16
001 2013-01-01 SONIA CURRY 2014-10-15
001 2012-01-01 SONIA CURRY 2013-10-15
001 2011-01-01 CHRIS FARRAR 2012-10-15
001 2010-01-01 SONIA CURRY 2011-07-07
001 2009-01-01 CHRIS FARRAR

Plan Statistics for VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN

401k plan membership statisitcs for VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN

Measure Date Value
2023: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 301
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 232
Number of retired or separated participants receiving benefits 2023-01-01 29
Number of other retired or separated participants entitled to future benefits 2023-01-01 98
Total of all active and inactive participants 2023-01-01 359
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 359
Number of participants with account balances 2023-01-01 345
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 16
2022: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 290
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 186
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 115
Total of all active and inactive participants 2022-01-01 301
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 301
Number of participants with account balances 2022-01-01 296
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 177
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 188
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 102
Total of all active and inactive participants 2021-01-01 290
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 290
Number of participants with account balances 2021-01-01 281
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 17
2020: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 336
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 163
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 116
Total of all active and inactive participants 2020-01-01 279
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 279
Number of participants with account balances 2020-01-01 268
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 36
2019: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 283
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 232
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 93
Total of all active and inactive participants 2019-01-01 325
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 325
Number of participants with account balances 2019-01-01 305
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 46
2018: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 221
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 222
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 55
Total of all active and inactive participants 2018-01-01 277
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 277
Number of participants with account balances 2018-01-01 240
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 32
2017: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 157
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 158
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 28
Total of all active and inactive participants 2017-01-01 186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 186
Number of participants with account balances 2017-01-01 143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 113
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 133
Number of retired or separated participants receiving benefits 2016-01-01 1
Number of other retired or separated participants entitled to future benefits 2016-01-01 24
Total of all active and inactive participants 2016-01-01 158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 158
Number of participants with account balances 2016-01-01 97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2009: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 48
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 25
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 18
Total of all active and inactive participants 2009-01-01 43
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 43
Number of participants with account balances 2009-01-01 31
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2023: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	301
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	232
Number of retired or separated participants receiving benefits	2023-01-01	29
Number of other retired or separated participants entitled to future benefits	2023-01-01	98
Total of all active and inactive participants	2023-01-01	359
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	359
Number of participants with account balances	2023-01-01	345
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	16
2022: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	290
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	186
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	115
Total of all active and inactive participants	2022-01-01	301
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	301
Number of participants with account balances	2022-01-01	296
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	177
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	188
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	102
Total of all active and inactive participants	2021-01-01	290
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	290
Number of participants with account balances	2021-01-01	281
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	17
2020: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	336
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	163
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	116
Total of all active and inactive participants	2020-01-01	279
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	279
Number of participants with account balances	2020-01-01	268
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	36
2019: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	283
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	232
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	93
Total of all active and inactive participants	2019-01-01	325
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	325
Number of participants with account balances	2019-01-01	305
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	46
2018: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	221
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	222
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	55
Total of all active and inactive participants	2018-01-01	277
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	277
Number of participants with account balances	2018-01-01	240
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	32
2017: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	157
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	158
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	28
Total of all active and inactive participants	2017-01-01	186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	186
Number of participants with account balances	2017-01-01	143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	113
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	133
Number of retired or separated participants receiving benefits	2016-01-01	1
Number of other retired or separated participants entitled to future benefits	2016-01-01	24
Total of all active and inactive participants	2016-01-01	158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	158
Number of participants with account balances	2016-01-01	97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2009: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	48
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	25
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	18
Total of all active and inactive participants	2009-01-01	43
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	43
Number of participants with account balances	2009-01-01	31
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN

Measure	Date	Value
2023 : VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$5,840,619
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$749,815
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$565,167
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$3,441,526
Value of total assets at end of year	2023-12-31	$17,010,581
Value of total assets at beginning of year	2023-12-31	$11,919,777
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$184,648
Total interest from all sources	2023-12-31	$2,399,093
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$500,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$2,276,365
Participant contributions at end of year	2023-12-31	$313,032
Participant contributions at beginning of year	2023-12-31	$256,272
Participant contributions at end of year	2023-12-31	$0
Participant contributions at beginning of year	2023-12-31	$7,306
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$209,580
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2023-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2023-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2023-12-31	$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	2023-12-31	No
Value of net income/loss	2023-12-31	$5,090,804
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$17,010,581
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$11,919,777
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Value of interest in pooled separate accounts at end of year	2023-12-31	$15,819,924
Value of interest in pooled separate accounts at beginning of year	2023-12-31	$11,071,671
Interest on participant loans	2023-12-31	$14,966
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2023-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2023-12-31	$24,332
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2023-12-31	$24,332
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2023-12-31	$2,384,127
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2023-12-31	$603,446
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2023-12-31	$512,316
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$955,581
Employer contributions (assets) at end of year	2023-12-31	$274,179
Employer contributions (assets) at beginning of year	2023-12-31	$47,880
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$565,167
Did the plan have assets held for investment	2023-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	PENSION ASSURANCE LLP
Accountancy firm EIN	2023-12-31	300840934
2022 : VELOCITY COMMERCIAL CAPITAL 401K 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	$1,142,650
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$873,021
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$784,952
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$3,081,912
Value of total assets at end of year	2022-12-31	$11,919,777
Value of total assets at beginning of year	2022-12-31	$11,650,148
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$88,069
Total interest from all sources	2022-12-31	$10,133
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
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	$2,112,921
Participant contributions at end of year	2022-12-31	$256,272
Participant contributions at beginning of year	2022-12-31	$173,552
Participant contributions at end of year	2022-12-31	$7,306
Participant contributions at beginning of year	2022-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$11,109
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$40
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	$269,629
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$11,919,777
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$11,650,148
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	$88,069
Value of interest in pooled separate accounts at end of year	2022-12-31	$11,071,671
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$11,160,972
Interest on participant loans	2022-12-31	$10,133
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$24,332
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$512,316
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$307,040
Net investment gain/loss from pooled separate accounts	2022-12-31	$-1,949,395
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$957,882
Employer contributions (assets) at end of year	2022-12-31	$47,880
Employer contributions (assets) at beginning of year	2022-12-31	$8,544
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$784,952
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	PLANCHEC(K) CPAS
Accountancy firm EIN	2022-12-31	842614035
2021 : VELOCITY COMMERCIAL CAPITAL 401K 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	$0
Total income from all sources (including contributions)	2021-12-31	$3,973,410
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$440,384
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$348,694
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$2,598,435
Value of total assets at end of year	2021-12-31	$11,650,148
Value of total assets at beginning of year	2021-12-31	$8,117,122
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$91,690
Total interest from all sources	2021-12-31	$6,623
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
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	$1,586,940
Participant contributions at end of year	2021-12-31	$173,552
Participant contributions at beginning of year	2021-12-31	$120,814
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$431,780
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$40
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$692
Other income not declared elsewhere	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	$3,533,026
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$11,650,148
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$8,117,122
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	$91,690
Value of interest in pooled separate accounts at end of year	2021-12-31	$11,160,972
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$7,746,322
Interest on participant loans	2021-12-31	$6,623
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$307,040
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$246,797
Net investment gain/loss from pooled separate accounts	2021-12-31	$1,368,352
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	$579,715
Employer contributions (assets) at end of year	2021-12-31	$8,544
Employer contributions (assets) at beginning of year	2021-12-31	$2,497
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$348,694
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	PLANCHEC(K) CPAS
Accountancy firm EIN	2021-12-31	842614035
2020 : VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources (including contributions)	2020-12-31	$3,431,494
Total of all expenses incurred	2020-12-31	$725,811
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$641,356
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$2,307,300
Value of total assets at end of year	2020-12-31	$8,117,122
Value of total assets at beginning of year	2020-12-31	$5,411,439
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$84,455
Total interest from all sources	2020-12-31	$6,946
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Administrative expenses professional fees incurred	2020-12-31	$24,000
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	$1,307,154
Participant contributions at end of year	2020-12-31	$120,814
Participant contributions at beginning of year	2020-12-31	$60,637
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$525,748
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$692
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-12-31	$54
Administrative expenses (other) incurred	2020-12-31	$25,928
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	$2,705,683
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$8,117,122
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$5,411,439
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	$28,327
Value of interest in pooled separate accounts at end of year	2020-12-31	$7,746,322
Value of interest in pooled separate accounts at beginning of year	2020-12-31	$5,168,178
Interest on participant loans	2020-12-31	$5,170
Interest earned on other investments	2020-12-31	$1,776
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$246,797
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$182,570
Net investment gain/loss from pooled separate accounts	2020-12-31	$1,117,248
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	$474,398
Employer contributions (assets) at end of year	2020-12-31	$2,497
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	$641,356
Contract administrator fees	2020-12-31	$6,200
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	2020-12-31	No
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	PLANCHEC(K) CPAS
Accountancy firm EIN	2020-12-31	842614035
2019 : VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources (including contributions)	2019-12-31	$2,456,547
Total of all expenses incurred	2019-12-31	$237,904
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$182,136
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,611,059
Value of total assets at end of year	2019-12-31	$5,411,439
Value of total assets at beginning of year	2019-12-31	$3,192,796
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$55,768
Total interest from all sources	2019-12-31	$5,277
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Administrative expenses professional fees incurred	2019-12-31	$11,000
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$1,000,000
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	$1,237,994
Participant contributions at end of year	2019-12-31	$60,637
Participant contributions at beginning of year	2019-12-31	$64,971
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$8,903
Value of other receiveables (less allowance for doubtful accounts) at end of year	2019-12-31	$54
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2019-12-31	$36
Administrative expenses (other) incurred	2019-12-31	$18,638
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	$2,218,643
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$5,411,439
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$3,192,796
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	$26,130
Value of interest in pooled separate accounts at end of year	2019-12-31	$5,168,178
Value of interest in pooled separate accounts at beginning of year	2019-12-31	$2,886,665
Interest on participant loans	2019-12-31	$3,562
Interest earned on other investments	2019-12-31	$1,715
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$182,570
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-12-31	$241,124
Net investment gain/loss from pooled separate accounts	2019-12-31	$840,211
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	$364,162
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$182,136
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	2019-12-31	No
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	CLUMECK STERN SCHENKELBERG & GETZOF
Accountancy firm EIN	2019-12-31	954120221
2018 : VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2018 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$43,389
Total income from all sources (including contributions)	2018-12-31	$1,101,584
Total of all expenses incurred	2018-12-31	$138,978
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$113,697
Value of total corrective distributions	2018-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$1,318,891
Value of total assets at end of year	2018-12-31	$3,192,796
Value of total assets at beginning of year	2018-12-31	$2,273,579
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$25,281
Total interest from all sources	2018-12-31	$4,237
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	Yes
Value of fidelity bond cover	2018-12-31	$1,000,000
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	$976,376
Participant contributions at end of year	2018-12-31	$64,971
Participant contributions at beginning of year	2018-12-31	$55,670
Participant contributions at beginning of year	2018-12-31	$19,568
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$58,907
Value of other receiveables (less allowance for doubtful accounts) at end of year	2018-12-31	$36
Administrative expenses (other) incurred	2018-12-31	$13,584
Liabilities. Value of operating payables at beginning of year	2018-12-31	$43,389
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	$962,606
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$3,192,796
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$2,230,190
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	$11,697
Value of interest in pooled separate accounts at end of year	2018-12-31	$2,886,665
Value of interest in pooled separate accounts at beginning of year	2018-12-31	$1,904,385
Interest on participant loans	2018-12-31	$2,666
Interest earned on other investments	2018-12-31	$1,571
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2018-12-31	$241,124
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2018-12-31	$107,287
Net investment gain/loss from pooled separate accounts	2018-12-31	$-221,544
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
Contributions received in cash from employer	2018-12-31	$283,608
Employer contributions (assets) at beginning of year	2018-12-31	$186,669
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$113,697
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	CLUMECK STERN SCHENKELBERG & GETZOF
Accountancy firm EIN	2018-12-31	954120221
2017 : VELOCITY COMMERCIAL CAPITAL 401K 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	$43,389
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	$956,894
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$78,597
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$62,022
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$685,669
Value of total assets at end of year	2017-12-31	$2,273,579
Value of total assets at beginning of year	2017-12-31	$1,351,893
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$16,575
Total interest from all sources	2017-12-31	$4,301
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
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	$542,389
Participant contributions at end of year	2017-12-31	$55,670
Participant contributions at beginning of year	2017-12-31	$63,203
Participant contributions at end of year	2017-12-31	$19,568
Participant contributions at beginning of year	2017-12-31	$11,295
Liabilities. Value of operating payables at end of year	2017-12-31	$43,389
Liabilities. Value of operating payables 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	$878,297
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$2,230,190
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$1,351,893
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
Value of interest in pooled separate accounts at end of year	2017-12-31	$1,904,385
Value of interest in pooled separate accounts at beginning of year	2017-12-31	$1,227,969
Interest on participant loans	2017-12-31	$3,007
Interest earned on other investments	2017-12-31	$1,294
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2017-12-31	$107,287
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2017-12-31	$49,426
Net investment gain/loss from pooled separate accounts	2017-12-31	$266,924
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	No
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	$143,280
Employer contributions (assets) at end of year	2017-12-31	$186,669
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	$62,022
Contract administrator fees	2017-12-31	$16,575
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	COULTER & JUSTUS
Accountancy firm EIN	2017-12-31	621532536
2016 : VELOCITY COMMERCIAL CAPITAL 401K 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	$0
Total income from all sources (including contributions)	2016-12-31	$479,203
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$76,103
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$63,967
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$440,685
Value of total assets at end of year	2016-12-31	$1,351,893
Value of total assets at beginning of year	2016-12-31	$948,793
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$12,136
Total interest from all sources	2016-12-31	$2,974
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Administrative expenses professional fees incurred	2016-12-31	$12,136
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	Yes
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	$440,685
Participant contributions at end of year	2016-12-31	$63,203
Participant contributions at beginning of year	2016-12-31	$36,288
Participant contributions at end of year	2016-12-31	$11,295
Participant contributions at beginning of year	2016-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$72,046
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
Value of net income/loss	2016-12-31	$403,100
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$1,351,893
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$948,793
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
Value of interest in pooled separate accounts at end of year	2016-12-31	$1,227,969
Value of interest in pooled separate accounts at beginning of year	2016-12-31	$715,418
Interest on participant loans	2016-12-31	$2,349
Interest earned on other investments	2016-12-31	$625
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2016-12-31	$49,426
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2016-12-31	$197,087
Net investment gain/loss from pooled separate accounts	2016-12-31	$35,544
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$63,967
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	COULTER & JUSTUS
Accountancy firm EIN	2016-12-31	621532536
2009 : VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0
2008 : VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2008 401k financial data
Total income from all sources	2008-12-31	$21,115
Expenses. Total of all expenses incurred	2008-12-31	$62,825
Benefits paid (including direct rollovers)	2008-12-31	$62,525
Total plan assets at end of year	2008-12-31	$244,634
Total plan assets at beginning of year	2008-12-31	$286,344
Value of fidelity bond covering the plan	2008-12-31	$29,000
Total contributions received or receivable from participants	2008-12-31	$120,405
Expenses. Other expenses not covered elsewhere	2008-12-31	$300
Other income received	2008-12-31	$-99,290
Net income (gross income less expenses)	2008-12-31	$-41,710
Net plan assets at end of year (total assets less liabilities)	2008-12-31	$244,634
Net plan assets at beginning of year (total assets less liabilities)	2008-12-31	$286,344
2007 : VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2007 401k financial data
Total income from all sources	2007-12-31	$166,060
Expenses. Total of all expenses incurred	2007-12-31	$51,199
Benefits paid (including direct rollovers)	2007-12-31	$51,199
Total plan assets at end of year	2007-12-31	$286,344
Total plan assets at beginning of year	2007-12-31	$171,483
Value of fidelity bond covering the plan	2007-12-31	$18,000
Total contributions received or receivable from participants	2007-12-31	$131,837
Contributions received from other sources (not participants or employers)	2007-12-31	$15,500
Other income received	2007-12-31	$18,723
Net income (gross income less expenses)	2007-12-31	$114,861
Net plan assets at end of year (total assets less liabilities)	2007-12-31	$286,344
Net plan assets at beginning of year (total assets less liabilities)	2007-12-31	$171,483

Form 5500 Responses for VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN

2023: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement – Insurance	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: VELOCITY COMMERCIAL CAPITAL 401K 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 – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: VELOCITY COMMERCIAL CAPITAL 401K 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 – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	Yes
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: VELOCITY COMMERCIAL CAPITAL 401K 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 – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	Yes
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 – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2009: VELOCITY COMMERCIAL CAPITAL 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

808920

Policy instance

Insurance contract or identification number	808920
Number of Individuals Covered	0
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $6,907
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

808920

Policy instance

Insurance contract or identification number	808920
Number of Individuals Covered	296
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $5,551
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	5551
Additional information about fees paid to insurance broker	PLAN ADMINISTRATOR
Insurance broker organization code?	5

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

808920

Policy instance

Insurance contract or identification number	808920
Number of Individuals Covered	281
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $2,693
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	2693
Additional information about fees paid to insurance broker	PLAN ADMINISTRATOR
Insurance broker organization code?	5

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

808920

Policy instance

Insurance contract or identification number	808920
Number of Individuals Covered	268
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

808920

Policy instance

Insurance contract or identification number	808920
Number of Individuals Covered	305
Insurance policy start date	2019-01-01
Insurance policy end date	2019-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

808920

Policy instance

Insurance contract or identification number	808920
Number of Individuals Covered	240
Insurance policy start date	2018-04-13
Insurance policy end date	2018-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

932413

Policy instance

Insurance contract or identification number	932413
Number of Individuals Covered	0
Insurance policy start date	2018-01-01
Insurance policy end date	2018-04-13
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

932413-024

Policy instance

Insurance contract or identification number	932413-024
Number of Individuals Covered	186
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $12,143
Total amount of fees paid to insurance company	USD $356
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $12,143
Amount paid for insurance broker fees	0
Additional information about fees paid to insurance broker	0
Insurance broker organization code?	3
Insurance broker name	TAG RESOURCES, LLC

Potentially related plans

VELOCITY COMMERCIAL INVESTMENT 401 K PROFIT SHARING PLAN TRUST [EIN = 472765909]

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Company Name:	VELOCITY COMMERCIAL CAPITAL, LLC
Employer identification number (EIN):	201193192
NAIC Classification:	522292
NAIC Description:	Real Estate Credit