Chemence, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Chemence, Inc.)

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, Chemence, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Chemence, Inc. under EIN 34-1607498 and plan number 001. The latest loaded filing year is 2023. The filing reports 271 participants and $4,968,878 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$5MPlan net assets, end of year$4,965,642
Participants271Covered participants reported
Assets / participant$18.3KComputed: assets ÷ participants$18,335 (computed)
Provider compensation$21.1K1 Schedule C provider row(s)$21,098
Plan sponsor
Chemence, Inc.
EIN
34-1607498
Plan number
001
Plan type
2
Location
Alpharetta, GA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023271H, C20241011123608NAL0012487923001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$5M total assets
Net assets$5MLiabilities$3.2K
Money in vs. money out
Total income / additions$1.7M
Total expenses$555.2K
Benefits paid / distributions$531.8K
Contributions
Employer$336.2K
Participant$660.2K
Full reported line items

Net assets

Total assets (EOY)
$4,968,878
Total liabilities (EOY)
$3,236
Net assets (EOY)
$4,965,642
Net assets (BOY)
$3,824,583

Income & contributions

Employer contributions
$336,222
Participant contributions
$660,159
Total contributions
$1,031,542
Total income / additions
$1,696,274

Expenses & distributions

Benefits paid
$531,790
Administrative expenses
$23,374
Total expenses
$555,215
Net increase / (decrease)
$1,141,059

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Pensionmark Financial GroupINVESTMENT ADVISOR$21,098not reported in the loaded dataset2023

Related Form 5500 pages