AB SPECIALTY SILICONES, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan AB SPECIALTY SILICONES SAFE HARBOR 401(K) PROFIT S
401k plan membership statisitcs for AB SPECIALTY SILICONES SAFE HARBOR 401(K) PROFIT S
Measure | Date | Value |
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2023 : AB SPECIALTY SILICONES SAFE HARBOR 401(K) PROFIT S 2023 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $549 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
Total income from all sources (including contributions) | 2023-12-31 | $2,260,876 |
Total loss/gain on sale of assets | 2023-12-31 | $0 |
Total of all expenses incurred | 2023-12-31 | $1,920,244 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $1,886,165 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $826,739 |
Value of total assets at end of year | 2023-12-31 | $8,725,830 |
Value of total assets at beginning of year | 2023-12-31 | $8,384,649 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $34,079 |
Total interest from all sources | 2023-12-31 | $17,982 |
Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
Value of fidelity bond cover | 2023-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2023-12-31 | Yes |
Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
Contributions received from participants | 2023-12-31 | $528,971 |
Participant contributions at end of year | 2023-12-31 | $276,041 |
Participant contributions at beginning of year | 2023-12-31 | $284,835 |
Participant contributions at end of year | 2023-12-31 | $20,336 |
Participant contributions at beginning of year | 2023-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-12-31 | $549 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
Value of net income/loss | 2023-12-31 | $340,632 |
Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $8,725,281 |
Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $8,384,649 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $8,088,534 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $6,921,320 |
Income. Interest from loans (other than to participants) | 2023-12-31 | $17,982 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $43,151 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $829,445 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $1,416,155 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
Contributions received in cash from employer | 2023-12-31 | $297,768 |
Employer contributions (assets) at end of year | 2023-12-31 | $297,768 |
Employer contributions (assets) at beginning of year | 2023-12-31 | $349,049 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $1,886,165 |
Contract administrator fees | 2023-12-31 | $34,079 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2023-12-31 | Yes |
Did the plan have assets held for investment | 2023-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
Accountancy firm name | 2023-12-31 | SIKICH CPA LLC |
Accountancy firm EIN | 2023-12-31 | 541172176 |
2022 : AB SPECIALTY SILICONES SAFE HARBOR 401(K) PROFIT S 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-466,628 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $61,194 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $37,774 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $1,469 |
Value of total corrective distributions | 2022-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,232,978 |
Value of total assets at end of year | 2022-12-31 | $8,384,649 |
Value of total assets at beginning of year | 2022-12-31 | $8,912,471 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $21,951 |
Total interest from all sources | 2022-12-31 | $13,991 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $614,185 |
Participant contributions at end of year | 2022-12-31 | $284,835 |
Participant contributions at beginning of year | 2022-12-31 | $174,488 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-527,822 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $8,384,649 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $8,912,471 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $6,921,320 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $8,324,598 |
Interest on participant loans | 2022-12-31 | $13,991 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $829,445 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $413,385 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,713,597 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $618,793 |
Employer contributions (assets) at end of year | 2022-12-31 | $349,049 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $37,774 |
Contract administrator fees | 2022-12-31 | $21,951 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | SIKICH LLP |
Accountancy firm EIN | 2022-12-31 | 363168081 |