Plan Snapshot
- Plan Sponsor: Chesapeake Containment Systems, INC.
- Sponsor EIN: 208372336
- Sponsor Address: 2690D SALISBURY HWY, STATESVILLE, NC, 286771154
- Plan Type: 401(k)
- Total Participants: 297
- Total Assets: $6.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 297 | $6.3M | $303,957 | $537,912 |
| 2023 | 282 | $5.0M | $301,877 | $549,210 |
| 2022 | 266 | $3.7M | $261,013 | $467,970 |
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 |
|---|---|---|---|---|
| ANDERSON SMITH & WIKE PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $44,185 | — | $44,185 | — | — |
| 2023 | $36,806 | — | $36,806 | — | — |
| 2022 | $30,072 | — | $30,072 | — | — |