Pennakem Employees' Savings Plan — Form 5500 plan (Penn A Kem LLC)
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, Pennakem Employees' Savings Plan is a benefit plan reported by Penn A Kem LLC under EIN 26-2770135 and plan number 001. The latest loaded filing year is 2023. The filing reports 186 participants and $22,387,696 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Penn A Kem LLC
- EIN
- 26-2770135
- Plan number
- 001
- Plan type
- 2
- Location
- Memphis, TN
- Latest filing year
- 2023
- Participants
- 186
- End-of-year plan assets
- $22,387,696
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 186 | H, C | 20260326095059NAL0006760307001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $22,387,696
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $22,387,696
- Net assets (BOY)
- $23,125,248
Income & contributions
- Employer contributions
- $391,242
- Participant contributions
- $1,269,832
- Total contributions
- $1,664,900
- Total income / additions
- $4,080,125
Expenses & distributions
- Benefits paid
- $4,757,807
- Administrative expenses
- $59,870
- Total expenses
- $4,817,677
- Net increase / (decrease)
- -$737,552
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Alerus Financial | NONE | $57,481 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $2,389 | $0 | 2023 |