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MAIN STREET CHEMISTS INC 401k Plan overview

Plan NameMAIN STREET CHEMISTS INC
Plan identification number 001

MAIN STREET CHEMISTS INC Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

MAIN STREET CHEMISTS INC has sponsored the creation of one or more 401k plans.

Company Name:MAIN STREET CHEMISTS INC
Employer identification number (EIN):201252023
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about MAIN STREET CHEMISTS INC

Jurisdiction of Incorporation: Connecticut Secretary of State
Incorporation Date:
Company Identification Number: 0786025

More information about MAIN STREET CHEMISTS INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAIN STREET CHEMISTS INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ARUNA DAMARAJU2024-04-10
0012022-01-01SRINIVAS DAMARAJU2023-04-06
0012021-01-01SRINIVAS DAMARAJU2022-05-25
0012020-01-01SRINIVAS DAMARAJU2021-04-07
0012018-01-01ARUNA DAMARAJU2019-04-25
0012017-01-01ARUNA DAMARAJU2018-06-15
0012016-01-01ARUNA DAMARAJU2017-05-16
0012015-01-01SRINIVAS DAMARAJU2016-06-14
0012011-01-01SRINIVAS DAMARAJU2012-10-12
0012010-01-01SRINIVAS DAMARAJU2011-07-22

Plan Statistics for MAIN STREET CHEMISTS INC

401k plan membership statisitcs for MAIN STREET CHEMISTS INC

Measure Date Value
2025: MAIN STREET CHEMISTS INC 2025 401k membership
Total number of particpants at beginning of year2025-05-1418
Total number of particpants at end of year2025-05-1417
Number of Participants With Account Balances2025-05-147
2024: MAIN STREET CHEMISTS INC 2024 401k membership
Total number of particpants at beginning of year2024-04-1023
Total number of particpants at end of year2024-04-1021
Number of Participants With Account Balances2024-04-107

Financial Data on MAIN STREET CHEMISTS INC

Measure Date Value
2025 : MAIN STREET CHEMISTS INC 2025 401k financial data
Total transfers to/from plan in this plan year2025-05-140
Total liabilities as of the end of the plan year2025-05-140
Total liabilities as of the beginning of the plan year2025-05-140
Total expenses incurred by plan in this plan year2025-05-14120
Net assets as of the end of the plan year2025-05-14744819
Total assets as of the beginning of the plan year2025-05-14586514
Value of plan covered by a fidelity bond2025-05-1458651
Participant contributions to plan in this plan year2025-05-1471023
Value of participant loans at end of plan year2025-05-142809
Other expenses paid from plan in this plan year2025-05-140
Other contributions to plan in this plan year2025-05-140
Other income to plan in this plan year2025-05-1475552
Plan net income in this plan year2025-05-14158305
Net assets as of the end of the plan year2025-05-14744819
Net assets as of the beginning of the plan year2025-05-14586514
Employer contributions to plan in this plan year2025-05-1411850
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-14120
2024 : MAIN STREET CHEMISTS INC 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-100
Total liabilities as of the end of the plan year2024-04-100
Total liabilities as of the beginning of the plan year2024-04-100
Total expenses incurred by plan in this plan year2024-04-10120
Net assets as of the end of the plan year2024-04-10586514
Total assets as of the beginning of the plan year2024-04-10459970
Value of plan covered by a fidelity bond2024-04-1045997
Participant contributions to plan in this plan year2024-04-1058467
Other expenses paid from plan in this plan year2024-04-100
Other contributions to plan in this plan year2024-04-107189
Other income to plan in this plan year2024-04-1051142
Plan net income in this plan year2024-04-10126544
Net assets as of the end of the plan year2024-04-10586514
Net assets as of the beginning of the plan year2024-04-10459970
Employer contributions to plan in this plan year2024-04-109866
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-10120

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