Plan Snapshot
- Plan Sponsor: Chembio Diagnostic Systems, INC.
- Sponsor EIN: 112813910
- Sponsor Address: 3661 HORSEBLOCK ROAD, MEDFORD, NY, 117630000
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $8.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 151 | $8.7M | $124,521 | $619,678 |
| 2023 | 153 | $6.5M | $84,574 | $586,460 |
| 2022 | 149 | $5.5M | $191,678 | $780,633 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WISS & COMPANY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WISS & COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $43,367 | $22,727 | — | — | — |
| 2023 | $37,089 | $23,252 | — | — | — |
| 2022 | $57,455 | $2,016 | — | — | — |