Plan Snapshot
- Plan Sponsor: Chesapeake Financial Shares, INC.
- Sponsor EIN: 541210845
- Sponsor Address: 97 NORTH MAIN STREET, KILMARNOCK, VA, 22482
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 367
- Total Assets: $45.4M
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. |
|---|---|---|---|---|
| 2025 | 367 | $45.4M | $0 | $0 |
| 2024 | 281 | $37.8M | $949,872 | $2.0M |
| 2023 | 276 | $35.4M | $862,900 | $1.8M |
| 2022 | 251 | $30.5M | $758,473 | $1.5M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $96,521 | — | $96,521 |
| SAGEVIEW ADVISORY GROUP, LLC | Other Service Provider | $427 | $38,841 | $39,268 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $135,789
- Estimated Expense Ratio: 0.299% 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 |
|---|---|---|---|---|---|
| 2025 | $2,308,454 | $1,997 | $94,464 | — | — |
| 2024 | $90,249 | $1,693 | $87,756 | — | — |
| 2023 | $82,187 | $2,075 | $79,462 | — | — |
| 2022 | $77,767 | — | — | — | — |