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, Solvchem, Inc. 401k Plan is a benefit plan reported by Solvchem, Inc under EIN 74-2182592 and plan number 002. The latest loaded filing year is 2023. The filing reports 179 participants and $7,575,812 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,575,812
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,575,812
- Net assets (BOY)
- $7,255,391
Income & contributions
- Employer contributions
- $186,565
- Participant contributions
- $394,771
- Total contributions
- $592,348
- Total income / additions
- $1,574,606
Expenses & distributions
- Benefits paid
- $1,251,735
- Administrative expenses
- $21,971
- Total expenses
- $1,273,706
- Net increase / (decrease)
- $300,900