Chembio Diagnostic Systems, Inc. 401(K) Plan — Form 5500 plan (Chembio Diagnostic Systems, 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, 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.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$6.5MPlan net assets, end of year$6,494,942
Participants230Covered participants reported
Assets / participant$28.2KComputed: assets ÷ participants$28,239 (computed)
Provider compensation$33.8K2 Schedule C provider row(s)$33,837
- Plan sponsor
- Chembio Diagnostic Systems, Inc.
- EIN
- 11-2813910
- Plan number
- 001
- Plan type
- 2
- Location
- Medford, NY
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 230 | H, C | 20241014084700NAL0026846689001 |
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)$6.5M total assets
Net assets$6.5MLiabilities$0
Full reported line items
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
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
13%87%
Employer 13%Participant 87%
Total expenses ÷ net assets13%Computed ratio
Benefits paid ÷ total income42%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wells Fargo Clearing Services LLC | ADVISOR | $20,000 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $13,837 | $0 | 2023 |