Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Chesapeake Financial Shares
Chesapeake Financial Shares 401(k)
- CPKF OTC
- Finance and insurance
- Kilmarnock, VA
- EIN 54-1210845
- 1 plan with Schedule H financials
- Plan year 2024
- Chesapeake Financial Shares, Inc.
- SEC registrant Chesapeake Financial Shares Inc
Administrative expenses excluding investment management, per participant · Chesapeake Financial Shares, Inc. 401(k) Profit Sharing Plan · plan year 2024
$248.06
Higher than 81% of the 24,371 plans $10 to 50M that report it.
Source
= $88,556 / 357
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250820132401NAL0001623859001, received 2025-08-20
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250820132401NAL0001623859001, received 2025-08-20
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-20.
Cost and contributions
Administrative expenses per participant
$252.80
Higher than 63% of the 25,098 plans $10 to 50M that report it.
Source
= $90,249 / 357
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250820132401NAL0001623859001, received 2025-08-20
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250820132401NAL0001623859001, received 2025-08-20
Administrative expenses as a share of assets
0.239%
Higher than 41% of the 25,132 plans $10 to 50M that report it.
Source
= $90,249 / $37,821,574
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250820132401NAL0001623859001, received 2025-08-20
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250820132401NAL0001623859001, received 2025-08-20
Employer contributions per participant
$2,661
Higher than 66% of the 24,050 plans $10 to 50M that report it.
Source
= $949,872 / 357
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250820132401NAL0001623859001, received 2025-08-20
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250820132401NAL0001623859001, received 2025-08-20
Employer share of total contributions
32.1%
Higher than 65% of the 24,084 plans $10 to 50M that report it.
Source
= $949,872 / $2,958,559
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250820132401NAL0001623859001, received 2025-08-20
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250820132401NAL0001623859001, received 2025-08-20
Plan terms, as stated in Chesapeake Financial Shares, Inc.'s SEC filings
Plan terms are described in Chesapeake Financial Shares, Inc.'s SEC filings: Form 10-K filed 2001-03-28. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250820132401NAL0001623859001, received 2025-08-20
Full record, Chesapeake Financial Shares, Inc. 401(k) Profit Sharing Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | CHESAPEAKE FINANCIAL SHARES, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Plan name | CHESAPEAKE FINANCIAL SHARES, INC. 401K PROFIT SHARING PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Sponsor EIN / plan number | 54-1210845 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Sponsor location | KILMARNOCK, VA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Filing received | 2025-08-20 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Participants, beginning of year | 336 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Active participants | 281 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Participants, end of year | 363 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Participants with an account balance | 357 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Total assets, beginning of year | $35,435,067 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Total assets, end of year | $37,821,574 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Net assets, end of year | $37,821,574 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Total income | $7,622,613 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Net income | $2,386,507 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Employer contributions | $949,872 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Participant contributions | $1,952,433 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Other contributions (incl. rollovers) | $56,254 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Total contributions | $2,958,559 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Benefit payments | $5,145,857 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Total expenses (incl. benefit payments) | $5,236,106 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Total administrative expenses | $90,249 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Contract administrator fees | $87,756 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Investment advisory and management fees | $1,693 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Administrative expenses excluding investment management | $88,556 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Held in common/collective trusts | $2,648,301 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Held in mutual funds | $35,173,273 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250820132401NAL0001623859001, received 2025-08-20 |
| Independent auditor | ELLIOT DAVIS, PLLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250820132401NAL0001623859001, received 2025-08-20 |
Position = column in the DOL layout for form year 2024. Filing 20250820132401NAL0001623859001, received 2025-08-20.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | 26 Investment advisory (participants) | $88,526 | no |
| SAGEVIEW ADVISORY GROUP, LLC | SERVICE PROVIDER | 26 Investment advisory (participants); 99 Other fees | $951 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250820132401NAL0001623859001, received 2025-08-20.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $35,435,067 | $37,821,574 | 6.7% |
| Participants with a balance | 331 | 357 | 7.9% |
| Administrative expenses | $82,187 | $90,249 | 9.8% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $862,900 | $949,872 | 10.1% |
Prior filing 20240814150016NAL0025783570001, received 2024-08-14; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: CHESAPEAKE FINANCIAL SHARES, INC.; SEC registrant: CHESAPEAKE FINANCIAL SHARES INC (CIK 847538, matched by EIN).