How big is Velvet's plan?

Velvet's plan reported $134K in assets and 14 participants for 2024.

Original filing (PDF)20250719161204NAL0004646688001

Velvet

Name: Velvet — Velvet 401(k) Plan, Form 5500 (2024)
Creator: Velvet
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Velvet 401(k) Plan

401(k) retirement plan · Velvet's Velvet 401(k) Plan held $134K in plan assets for 14 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$134K

Net assets (EOY)

$134K

Plan identifiers

Velvet's EIN is 84-3614688.

EIN 84-3614688

Plan number 001

Plan year 2024

ACK ID 20250719161204NAL0004646688001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Velvet from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Velvet's plan includes ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA), profit-sharing.

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for VELVET.

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Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Knocking points off

Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (14th percentile).

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

VELVET

EIN

all filings

Address

353 PIERPONT AVE · SALT LAKE CITY, UT · 84101

Phone

(801) 214-9900

Industry

Real Estate

Plan administrator

Name

401GO, INC.

EIN

88-3928199

City

WEST JORDAN, UT

Phone

(801) 214-2125

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-07-19

Pension benefit codes

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2S · Automatic enrollment

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

2E · Profit-sharing

Service providers (Schedule C)

Small plans don't disclose service providers

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