Civic Intelligence

Velmex Inc.

Plan context: Velmex Inc. Employees Profit Sharing Retirement Plan

EIN 16-0924244 • Bloomfield, NY • 26 filings • 4 plans

7550 Route 5 And 20Bloomfield, NY 14469
Current Snapshot

Latest Year

2024

2024 Participants

30

2024 Assets

$10,184,641

2024 Contributions

$429,074

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$14,967,034$7,483,517$0199920132024YearValue
$10,184,641Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

35180199920122024YearValue
30Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2024130$10,184,641$429,074$14,302iApproximate average salary by contribution assumption: employee only about $357,562 at 4% or $238,374 at 6%; with 50% employer match about $238,374 at 4% or $158,916 at 6%; with 100% employer match about $178,781 at 4% or $119,187 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-30$10,184,641$429,074$14,302iApproximate average salary by contribution assumption: employee only about $357,562 at 4% or $238,374 at 6%; with 50% employer match about $238,374 at 4% or $158,916 at 6%; with 100% employer match about $178,781 at 4% or $119,187 at 6%.
2023130$9,027,624$768,311$25,610iApproximate average salary by contribution assumption: employee only about $640,259 at 4% or $426,839 at 6%; with 50% employer match about $426,839 at 4% or $284,560 at 6%; with 100% employer match about $320,130 at 4% or $213,420 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-30$9,027,624$768,311$25,610iApproximate average salary by contribution assumption: employee only about $640,259 at 4% or $426,839 at 6%; with 50% employer match about $426,839 at 4% or $284,560 at 6%; with 100% employer match about $320,130 at 4% or $213,420 at 6%.
2022126$7,531,962$469,335$18,051iApproximate average salary by contribution assumption: employee only about $451,284 at 4% or $300,856 at 6%; with 50% employer match about $300,856 at 4% or $200,571 at 6%; with 100% employer match about $225,642 at 4% or $150,428 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-26$7,531,962$469,335$18,051iApproximate average salary by contribution assumption: employee only about $451,284 at 4% or $300,856 at 6%; with 50% employer match about $300,856 at 4% or $200,571 at 6%; with 100% employer match about $225,642 at 4% or $150,428 at 6%.
2021125$10,576,943$150,939$6,038iApproximate average salary by contribution assumption: employee only about $150,939 at 4% or $100,626 at 6%; with 50% employer match about $100,626 at 4% or $67,084 at 6%; with 100% employer match about $75,470 at 4% or $50,313 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-25$10,576,943$150,939$6,038iApproximate average salary by contribution assumption: employee only about $150,939 at 4% or $100,626 at 6%; with 50% employer match about $100,626 at 4% or $67,084 at 6%; with 100% employer match about $75,470 at 4% or $50,313 at 6%.
2020129$14,967,034$419,720$14,473iApproximate average salary by contribution assumption: employee only about $361,828 at 4% or $241,218 at 6%; with 50% employer match about $241,218 at 4% or $160,812 at 6%; with 100% employer match about $180,914 at 4% or $120,609 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-29$14,967,034$419,720$14,473iApproximate average salary by contribution assumption: employee only about $361,828 at 4% or $241,218 at 6%; with 50% employer match about $241,218 at 4% or $160,812 at 6%; with 100% employer match about $180,914 at 4% or $120,609 at 6%.
2019132$13,924,381$583,231$18,226iApproximate average salary by contribution assumption: employee only about $455,649 at 4% or $303,766 at 6%; with 50% employer match about $303,766 at 4% or $202,511 at 6%; with 100% employer match about $227,825 at 4% or $151,883 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-32$13,924,381$583,231$18,226iApproximate average salary by contribution assumption: employee only about $455,649 at 4% or $303,766 at 6%; with 50% employer match about $303,766 at 4% or $202,511 at 6%; with 100% employer match about $227,825 at 4% or $151,883 at 6%.
2018132$11,309,273$509,883$15,934iApproximate average salary by contribution assumption: employee only about $398,346 at 4% or $265,564 at 6%; with 50% employer match about $265,564 at 4% or $177,043 at 6%; with 100% employer match about $199,173 at 4% or $132,782 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-32$11,309,273$509,883$15,934iApproximate average salary by contribution assumption: employee only about $398,346 at 4% or $265,564 at 6%; with 50% employer match about $265,564 at 4% or $177,043 at 6%; with 100% employer match about $199,173 at 4% or $132,782 at 6%.
2017132$13,604,845$463,433$14,482iApproximate average salary by contribution assumption: employee only about $362,057 at 4% or $241,371 at 6%; with 50% employer match about $241,371 at 4% or $160,914 at 6%; with 100% employer match about $181,029 at 4% or $120,686 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-32$13,604,845$463,433$14,482iApproximate average salary by contribution assumption: employee only about $362,057 at 4% or $241,371 at 6%; with 50% employer match about $241,371 at 4% or $160,914 at 6%; with 100% employer match about $181,029 at 4% or $120,686 at 6%.
2016133$11,542,828$560,114$16,973iApproximate average salary by contribution assumption: employee only about $424,329 at 4% or $282,886 at 6%; with 50% employer match about $282,886 at 4% or $188,591 at 6%; with 100% employer match about $212,164 at 4% or $141,443 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-33$11,542,828$560,114$16,973iApproximate average salary by contribution assumption: employee only about $424,329 at 4% or $282,886 at 6%; with 50% employer match about $282,886 at 4% or $188,591 at 6%; with 100% employer match about $212,164 at 4% or $141,443 at 6%.
2015135$10,984,674$973,380$27,811iApproximate average salary by contribution assumption: employee only about $695,271 at 4% or $463,514 at 6%; with 50% employer match about $463,514 at 4% or $309,010 at 6%; with 100% employer match about $347,636 at 4% or $231,757 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-35$10,984,674$973,380$27,811iApproximate average salary by contribution assumption: employee only about $695,271 at 4% or $463,514 at 6%; with 50% employer match about $463,514 at 4% or $309,010 at 6%; with 100% employer match about $347,636 at 4% or $231,757 at 6%.
2014129$10,182,325$138,430$4,773iApproximate average salary by contribution assumption: employee only about $119,336 at 4% or $79,557 at 6%; with 50% employer match about $79,557 at 4% or $53,038 at 6%; with 100% employer match about $59,668 at 4% or $39,779 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-29$10,182,325$138,430$4,773iApproximate average salary by contribution assumption: employee only about $119,336 at 4% or $79,557 at 6%; with 50% employer match about $79,557 at 4% or $53,038 at 6%; with 100% employer match about $59,668 at 4% or $39,779 at 6%.
2013133$10,534,170$559,892$16,966iApproximate average salary by contribution assumption: employee only about $424,161 at 4% or $282,774 at 6%; with 50% employer match about $282,774 at 4% or $188,516 at 6%; with 100% employer match about $212,080 at 4% or $141,387 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-33$10,534,170$559,892$16,966iApproximate average salary by contribution assumption: employee only about $424,161 at 4% or $282,774 at 6%; with 50% employer match about $282,774 at 4% or $188,516 at 6%; with 100% employer match about $212,080 at 4% or $141,387 at 6%.
2012134$8,791,239$480,514$14,133iApproximate average salary by contribution assumption: employee only about $353,319 at 4% or $235,546 at 6%; with 50% employer match about $235,546 at 4% or $157,031 at 6%; with 100% employer match about $176,660 at 4% or $117,773 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-34$8,791,239$480,514$14,133iApproximate average salary by contribution assumption: employee only about $353,319 at 4% or $235,546 at 6%; with 50% employer match about $235,546 at 4% or $157,031 at 6%; with 100% employer match about $176,660 at 4% or $117,773 at 6%.
2011133$7,500,559$569,803$17,267iApproximate average salary by contribution assumption: employee only about $431,669 at 4% or $287,779 at 6%; with 50% employer match about $287,779 at 4% or $191,853 at 6%; with 100% employer match about $215,834 at 4% or $143,890 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-33$7,500,559$569,803$17,267iApproximate average salary by contribution assumption: employee only about $431,669 at 4% or $287,779 at 6%; with 50% employer match about $287,779 at 4% or $191,853 at 6%; with 100% employer match about $215,834 at 4% or $143,890 at 6%.
2010133$7,256,512$566,628$17,171iApproximate average salary by contribution assumption: employee only about $429,264 at 4% or $286,176 at 6%; with 50% employer match about $286,176 at 4% or $190,784 at 6%; with 100% employer match about $214,632 at 4% or $143,088 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-33$7,256,512$566,628$17,171iApproximate average salary by contribution assumption: employee only about $429,264 at 4% or $286,176 at 6%; with 50% employer match about $286,176 at 4% or $190,784 at 6%; with 100% employer match about $214,632 at 4% or $143,088 at 6%.
2009132$6,402,892$600,033$18,751iApproximate average salary by contribution assumption: employee only about $468,776 at 4% or $312,517 at 6%; with 50% employer match about $312,517 at 4% or $208,345 at 6%; with 100% employer match about $234,388 at 4% or $156,259 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-32$6,402,892$600,033$18,751iApproximate average salary by contribution assumption: employee only about $468,776 at 4% or $312,517 at 6%; with 50% employer match about $312,517 at 4% or $208,345 at 6%; with 100% employer match about $234,388 at 4% or $156,259 at 6%.
2008131$0$0-
Velmex Inc. Employees Profit Sharing Retirement Plan-31---
2007129$0$0-
Velmex Inc. Employees Profit Sharing Retirement Plan-29---
2006130$5,500,376$390,133$13,004iApproximate average salary by contribution assumption: employee only about $325,111 at 4% or $216,741 at 6%; with 50% employer match about $216,741 at 4% or $144,494 at 6%; with 100% employer match about $162,555 at 4% or $108,370 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-30$5,500,376$390,133$13,004iApproximate average salary by contribution assumption: employee only about $325,111 at 4% or $216,741 at 6%; with 50% employer match about $216,741 at 4% or $144,494 at 6%; with 100% employer match about $162,555 at 4% or $108,370 at 6%.
2005132$6,332,058$369,435$11,545iApproximate average salary by contribution assumption: employee only about $288,621 at 4% or $192,414 at 6%; with 50% employer match about $192,414 at 4% or $128,276 at 6%; with 100% employer match about $144,311 at 4% or $96,207 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-32$6,332,058$369,435$11,545iApproximate average salary by contribution assumption: employee only about $288,621 at 4% or $192,414 at 6%; with 50% employer match about $192,414 at 4% or $128,276 at 6%; with 100% employer match about $144,311 at 4% or $96,207 at 6%.
2004132$5,603,236$358,360$11,199iApproximate average salary by contribution assumption: employee only about $279,969 at 4% or $186,646 at 6%; with 50% employer match about $186,646 at 4% or $124,431 at 6%; with 100% employer match about $139,984 at 4% or $93,323 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-32$5,603,236$358,360$11,199iApproximate average salary by contribution assumption: employee only about $279,969 at 4% or $186,646 at 6%; with 50% employer match about $186,646 at 4% or $124,431 at 6%; with 100% employer match about $139,984 at 4% or $93,323 at 6%.
2003132$4,816,600$31,829$995iApproximate average salary by contribution assumption: employee only about $24,866 at 4% or $16,578 at 6%; with 50% employer match about $16,578 at 4% or $11,052 at 6%; with 100% employer match about $12,433 at 4% or $8,289 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-32$4,816,600$31,829$995iApproximate average salary by contribution assumption: employee only about $24,866 at 4% or $16,578 at 6%; with 50% employer match about $16,578 at 4% or $11,052 at 6%; with 100% employer match about $12,433 at 4% or $8,289 at 6%.
2002127$4,097,056$226,898$8,404iApproximate average salary by contribution assumption: employee only about $210,091 at 4% or $140,060 at 6%; with 50% employer match about $140,060 at 4% or $93,374 at 6%; with 100% employer match about $105,045 at 4% or $70,030 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-27$4,097,056$226,898$8,404iApproximate average salary by contribution assumption: employee only about $210,091 at 4% or $140,060 at 6%; with 50% employer match about $140,060 at 4% or $93,374 at 6%; with 100% employer match about $105,045 at 4% or $70,030 at 6%.
2001126$4,832,895$221,250$8,510iApproximate average salary by contribution assumption: employee only about $212,740 at 4% or $141,827 at 6%; with 50% employer match about $141,827 at 4% or $94,551 at 6%; with 100% employer match about $106,370 at 4% or $70,913 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-26$4,832,895$221,250$8,510iApproximate average salary by contribution assumption: employee only about $212,740 at 4% or $141,827 at 6%; with 50% employer match about $141,827 at 4% or $94,551 at 6%; with 100% employer match about $106,370 at 4% or $70,913 at 6%.
2000125$5,307,154$212,279$8,491iApproximate average salary by contribution assumption: employee only about $212,279 at 4% or $141,519 at 6%; with 50% employer match about $141,519 at 4% or $94,346 at 6%; with 100% employer match about $106,140 at 4% or $70,760 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-25$5,307,154$212,279$8,491iApproximate average salary by contribution assumption: employee only about $212,279 at 4% or $141,519 at 6%; with 50% employer match about $141,519 at 4% or $94,346 at 6%; with 100% employer match about $106,140 at 4% or $70,760 at 6%.
1999125$5,789,731$193,396$7,736iApproximate average salary by contribution assumption: employee only about $193,396 at 4% or $128,931 at 6%; with 50% employer match about $128,931 at 4% or $85,954 at 6%; with 100% employer match about $96,698 at 4% or $64,465 at 6%.
Velmex Inc. Employees Profit Sharing Retirement Plan-25$5,789,731$193,396$7,736iApproximate average salary by contribution assumption: employee only about $193,396 at 4% or $128,931 at 6%; with 50% employer match about $128,931 at 4% or $85,954 at 6%; with 100% employer match about $96,698 at 4% or $64,465 at 6%.