Plan Name | VELOCITY VENTURES, INC 401(K) PLAN |
Plan identification number | 001 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
|
Company Name: | VELOCITY VENTURES, INC. |
Employer identification number (EIN): | 274152388 |
NAIC Classification: | 541214 |
NAIC Description: | Payroll Services |
Additional information about VELOCITY VENTURES, INC.
Jurisdiction of Incorporation: | New York Department of State |
Incorporation Date: | 1994-07-26 |
Company Identification Number: | 1839242 |
Legal Registered Office Address: |
10 BANK STREET SUITE 560 WHITE PLAINS United States of America (USA) 10606 |
More information about VELOCITY VENTURES, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
001 | 2012-01-01 | JULIE BOLTON | DARRELL LAMB | 2013-02-15 | |
001 | 2011-01-01 | JULIE BOLTON | DARRELL LAMB | 2012-10-12 |
Measure | Date | Value |
---|---|---|
2012: VELOCITY VENTURES, INC 401(K) PLAN 2012 401k membership | ||
Total participants, beginning-of-year | 2012-01-01 | 132 |
Total number of active participants reported on line 7a of the Form 5500 | 2012-01-01 | 0 |
Number of retired or separated participants receiving benefits | 2012-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2012-01-01 | 0 |
Total of all active and inactive participants | 2012-01-01 | 0 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2012-01-01 | 0 |
Total participants | 2012-01-01 | 0 |
Number of participants with account balances | 2012-01-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2012-01-01 | 0 |
2011: VELOCITY VENTURES, INC 401(K) PLAN 2011 401k membership | ||
Total participants, beginning-of-year | 2011-01-01 | 149 |
Total number of active participants reported on line 7a of the Form 5500 | 2011-01-01 | 122 |
Number of retired or separated participants receiving benefits | 2011-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2011-01-01 | 10 |
Total of all active and inactive participants | 2011-01-01 | 132 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2011-01-01 | 0 |
Total participants | 2011-01-01 | 132 |
Number of participants with account balances | 2011-01-01 | 42 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2011-01-01 | 0 |
Measure | Date | Value |
---|---|---|
2012 : VELOCITY VENTURES, INC 401(K) PLAN 2012 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2012-04-05 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-04-05 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-04-05 | $0 |
Total income from all sources (including contributions) | 2012-04-05 | $27,946 |
Total loss/gain on sale of assets | 2012-04-05 | $0 |
Total of all expenses incurred | 2012-04-05 | $440,259 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-04-05 | $436,025 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-04-05 | $0 |
Value of total assets at end of year | 2012-04-05 | $0 |
Value of total assets at beginning of year | 2012-04-05 | $412,313 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-04-05 | $4,234 |
Total interest from all sources | 2012-04-05 | $25 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-04-05 | $354 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-04-05 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2012-04-05 | $0 |
Total dividends received from registered investment company shares (eg mutual funds) | 2012-04-05 | $354 |
Was this plan covered by a fidelity bond | 2012-04-05 | Yes |
Value of fidelity bond cover | 2012-04-05 | $50,000 |
If this is an individual account plan, was there a blackout period | 2012-04-05 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-04-05 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2012-04-05 | No |
Participant contributions at beginning of year | 2012-04-05 | $3,152 |
Participant contributions at beginning of year | 2012-04-05 | $2,307 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-04-05 | No |
Value of net income/loss | 2012-04-05 | $-412,313 |
Value of net assets at end of year (total assets less liabilities) | 2012-04-05 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-04-05 | $412,313 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-04-05 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-04-05 | No |
Were any leases to which the plan was party in default or uncollectible | 2012-04-05 | No |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-04-05 | $337,330 |
Interest on participant loans | 2012-04-05 | $25 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-04-05 | $68,925 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-04-05 | $68,925 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-04-05 | $27,567 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-04-05 | No |
Was there a failure to transmit to the plan any participant contributions | 2012-04-05 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-04-05 | No |
Employer contributions (assets) at beginning of year | 2012-04-05 | $599 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-04-05 | $436,025 |
Contract administrator fees | 2012-04-05 | $4,234 |
Did the plan have assets held for investment | 2012-04-05 | No |
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 | 2012-04-05 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-04-05 | Yes |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-04-05 | Yes |
Opinion of an independent qualified public accountant for this plan | 2012-04-05 | Disclaimer |
Accountancy firm name | 2012-04-05 | CARR, RIGGS AND INGRAM, LLC |
Accountancy firm EIN | 2012-04-05 | 721396621 |
2011 : VELOCITY VENTURES, INC 401(K) PLAN 2011 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total income from all sources (including contributions) | 2011-12-31 | $76,547 |
Total loss/gain on sale of assets | 2011-12-31 | $0 |
Total of all expenses incurred | 2011-12-31 | $14,502 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $14,052 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $89,908 |
Value of total assets at end of year | 2011-12-31 | $412,313 |
Value of total assets at beginning of year | 2011-12-31 | $350,268 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $450 |
Total interest from all sources | 2011-12-31 | $155 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $3,580 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2011-12-31 | $0 |
Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $3,580 |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $50,000 |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Contributions received from participants | 2011-12-31 | $72,816 |
Participant contributions at end of year | 2011-12-31 | $3,152 |
Participant contributions at beginning of year | 2011-12-31 | $7,883 |
Participant contributions at end of year | 2011-12-31 | $2,307 |
Participant contributions at beginning of year | 2011-12-31 | $2,024 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $62,045 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $412,313 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $350,268 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $337,330 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $305,832 |
Interest on participant loans | 2011-12-31 | $153 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $68,925 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $34,055 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $34,055 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $2 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $-17,096 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Contributions received in cash from employer | 2011-12-31 | $17,092 |
Employer contributions (assets) at end of year | 2011-12-31 | $599 |
Employer contributions (assets) at beginning of year | 2011-12-31 | $474 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $14,052 |
Contract administrator fees | 2011-12-31 | $450 |
Did the plan have assets held for investment | 2011-12-31 | 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 | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Disclaimer |
Accountancy firm name | 2011-12-31 | CARR, RIGGS AND INGRAM, LLC |
Accountancy firm EIN | 2011-12-31 | 721396621 |
2012: VELOCITY VENTURES, INC 401(K) PLAN 2012 form 5500 responses | ||
---|---|---|
2012-01-01 | Type of plan entity | Single employer plan |
2012-01-01 | Submission has been amended | No |
2012-01-01 | This submission is the final filing | Yes |
2012-01-01 | This return/report is a short plan year return/report (less than 12 months) | Yes |
2012-01-01 | Plan is a collectively bargained plan | No |
2012-01-01 | Plan funding arrangement – Trust | Yes |
2012-01-01 | Plan benefit arrangement - Trust | Yes |
2011: VELOCITY VENTURES, INC 401(K) PLAN 2011 form 5500 responses | ||
2011-01-01 | Type of plan entity | Single employer plan |
2011-01-01 | Submission has been amended | No |
2011-01-01 | This submission is the final filing | No |
2011-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2011-01-01 | Plan is a collectively bargained plan | No |
2011-01-01 | Plan funding arrangement – Trust | Yes |
2011-01-01 | Plan benefit arrangement - Trust | Yes |