Plan Snapshot
- Plan Sponsor: Chesapeake Bay Foundation, INC.
- Sponsor EIN: 526065757
- Sponsor Address: 6 HERNDON AVENUE, ANNAPOLIS, MD, 21403
- Plan Type: 403(b)
- Total Participants: 234
- Total Assets: $38.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 234 | $38.8M | $599,749 | $1.1M |
| 2023 | 221 | $35.4M | $556,285 | $1.1M |
| 2022 | 220 | $31.8M | $499,587 | $1.1M |
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 |
|---|---|---|---|---|
| TIAA | CONTRACT ADMINISTRATOR | $48,081 | — | $48,081 |
| CORNERSTONE ADVISORS ASSET MGMT. | INVESTMENT ADVISORY | $10,000 | — | $10,000 |
| GELMAN, ROSENBERG & FREEDMAN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — CONTRACT ADMINISTRATOR
- CORNERSTONE ADVISORS ASSET MGMT. — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,081
- Estimated Expense Ratio: 0.150% of plan assets
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 | $60,276 | — | $60,276 | — | — |
| 2023 | $53,487 | — | $53,487 | — | — |
| 2022 | $48,740 | $48,740 | — | — | — |