Plain-English plan 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, Chembio Diagnostic Systems, Inc. 401(K) Plan is a benefit plan reported by Chembio Diagnostic Systems, Inc. under EIN 11-2813910 and plan number 001. The latest loaded filing year is 2023. The filing reports 230 participants and $6,494,942 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,494,942
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,494,942
- Net assets (BOY)
- $5,503,962
Income & contributions
- Employer contributions
- $84,574
- Participant contributions
- $586,460
- Total contributions
- $750,437
- Total income / additions
- $1,850,798
Expenses & distributions
- Benefits paid
- $784,558
- Administrative expenses
- $37,089
- Total expenses
- $859,818
- Net increase / (decrease)
- $990,980