Kic Chemical Inc 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Kic Chemical 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, Kic Chemical Inc 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Kic Chemical Inc under EIN 13-3250849 and plan number 001. The latest loaded filing year is 2023. The filing reports 16 participants and $3,062,683 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$3.1MPlan net assets, end of year$3,062,683
Participants16Covered participants reported
Assets / participant$191.4KComputed: assets ÷ participants$191,418 (computed)
Provider compensationNone reported
Plan sponsor
Kic Chemical Inc
EIN
13-3250849
Plan number
001
Plan type
2
Location
New Paltz, NY
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202316I20240417152451NAL0002170851001
Schedule I · 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)$3.1M total assets
Net assets$3.1MLiabilities$0
Money in vs. money out
Total income / additions$546.1K
Total expenses$287.8K
Benefits paid / distributions$283.2K
Contributions
Employer$64.1K
Participant$144.5K
Full reported line items

Net assets

Total assets (EOY)
$3,062,683
Total liabilities (EOY)
$0
Net assets (EOY)
$3,062,683
Net assets (BOY)
$2,804,442

Income & contributions

Employer contributions
$64,140
Participant contributions
$144,540
Total income / additions
$546,085

Expenses & distributions

Benefits paid
$283,215
Administrative expenses
$4,629
Total expenses
$287,844
Net increase / (decrease)
$258,241
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.

Contribution share (employer vs. participant)
Employer 31%Participant 69%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income52%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages