2023 Form 5500 filing — Chembio Diagnostic Systems, Inc. 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241014084700NAL0026846689001) for Chembio Diagnostic Systems, Inc. 401(K) Plan, reported by Chembio Diagnostic Systems, Inc. under EIN 11-2813910 and plan number 001. It reports 230 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$6.5MReported net assets$6,494,942
Participants230
Provider compensation$33.8K2 Schedule C row(s)$33,837
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241014084700NAL0026846689001
- Plan sponsor
- Chembio Diagnostic Systems, Inc.
- EIN
- 11-2813910
- Plan number
- 001
- Location
- Medford, NY
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$6.5M total assets
Net assets$6.5MLiabilities$0
Full reported line items
- Total assets (EOY)
- $6,494,942
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,494,942
- Employer contributions
- $84,574
- Participant contributions
- $586,460
- Total income / additions
- $1,850,798
- Benefits paid
- $784,558
- Administrative expenses
- $37,089
- Total expenses
- $859,818
- Net increase / (decrease)
- $990,980
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Wells Fargo Clearing Services LLC | ADVISOR | $20,000 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | $13,837 | $0 |