Cem Corporation Salary Reduction Profit Sharing Plan — Form 5500 plan (Cem Corporation)
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, Cem Corporation Salary Reduction Profit Sharing Plan is a benefit plan reported by Cem Corporation under EIN 56-1019741 and plan number 001. The latest loaded filing year is 2023. The filing reports 308 participants and $66,409,024 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Cem Corporation
- EIN
- 56-1019741
- Plan number
- 001
- Plan type
- 2
- Location
- Matthews, NC
- Latest filing year
- 2023
- Participants
- 308
- End-of-year plan assets
- $66,409,024
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 308 | H, C | 20250430141041NAL0002830032001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $66,409,024
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $66,409,024
- Net assets (BOY)
- $51,327,329
Income & contributions
- Employer contributions
- $1,857,375
- Participant contributions
- $1,927,024
- Total contributions
- $4,090,388
- Total income / additions
- $17,869,657
Expenses & distributions
- Benefits paid
- $2,738,279
- Administrative expenses
- $49,683
- Total expenses
- $2,787,962
- Net increase / (decrease)
- $15,081,695
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $51,247 | $0 | 2023 |