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CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 401k Plan overview

Plan NameCEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
Plan identification number 001

CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

CEM MACHINE, INC. has sponsored the creation of one or more 401k plans.

Company Name:CEM MACHINE, INC.
Employer identification number (EIN):161585083
NAIC Classification:333200

Additional information about CEM MACHINE, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2000-04-07
Company Identification Number: 2496414
Legal Registered Office Address: 407 SHERMAN STREET
Jefferson
WATERTOWN
United States of America (USA)
13601

More information about CEM MACHINE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01

Plan Statistics for CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

401k plan membership statisitcs for CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Measure Date Value
2022: CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-0153
Total number of active participants reported on line 7a of the Form 55002022-01-0144
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-012
Total of all active and inactive participants2022-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0146
Number of participants with account balances2022-01-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-012
2021: CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-0151
Total number of active participants reported on line 7a of the Form 55002021-01-0142
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-015
Total of all active and inactive participants2021-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0147
Number of participants with account balances2021-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-014
2020: CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-0151
Total number of active participants reported on line 7a of the Form 55002020-01-0151
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-0151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0151
Number of participants with account balances2020-01-0145

Financial Data on CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Measure Date Value
2022 : CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2022 401k financial data
Total plan liabilities at end of year2022-12-31$1,550,707
Total plan liabilities at beginning of year2022-12-31$1,613,453
Total income from all sources2022-12-31$-972,267
Expenses. Total of all expenses incurred2022-12-31$28,219
Benefits paid (including direct rollovers)2022-12-31$12,084
Total plan assets at end of year2022-12-31$3,383,210
Total plan assets at beginning of year2022-12-31$4,446,442
Value of fidelity bond covering the plan2022-12-31$500,000
Expenses. Other expenses not covered elsewhere2022-12-31$16,135
Other income received2022-12-31$-1,135,413
Net income (gross income less expenses)2022-12-31$-1,000,486
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,832,503
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,832,989
Assets. Value of employer securities2022-12-31$3,233,800
Total contributions received or receivable from employer(s)2022-12-31$163,146
2021 : CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2021 401k financial data
Total plan liabilities at end of year2021-12-31$1,613,453
Total plan liabilities at beginning of year2021-12-31$1,675,578
Total income from all sources2021-12-31$1,798,343
Expenses. Total of all expenses incurred2021-12-31$16,756
Total plan assets at end of year2021-12-31$4,446,442
Total plan assets at beginning of year2021-12-31$2,726,980
Value of fidelity bond covering the plan2021-12-31$500,000
Expenses. Other expenses not covered elsewhere2021-12-31$16,756
Other income received2021-12-31$1,643,105
Net income (gross income less expenses)2021-12-31$1,781,587
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,832,989
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,051,402
Assets. Value of employer securities2021-12-31$4,370,000
Total contributions received or receivable from employer(s)2021-12-31$155,238
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2020 401k financial data
Total plan liabilities at end of year2020-12-31$1,675,578
Total income from all sources2020-12-31$1,055,861
Expenses. Total of all expenses incurred2020-12-31$4,459
Total plan assets at end of year2020-12-31$2,726,980
Total plan assets at beginning of year2020-12-31$0
Value of fidelity bond covering the plan2020-12-31$500,000
Expenses. Other expenses not covered elsewhere2020-12-31$4,459
Other income received2020-12-31$976,880
Net income (gross income less expenses)2020-12-31$1,051,402
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,051,402
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$0
Assets. Value of employer securities2020-12-31$2,726,880
Total contributions received or receivable from employer(s)2020-12-31$78,981
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0

Form 5500 Responses for CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

2022: CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: CEM MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01First time form 5500 has been submittedYes
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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