Plan Ledger DOL Form 5500 · updated monthly

Chaney Enterprises Limited Partnership401(k)

CHANEY ENTERPRISES COMPANIES 401(K) PROFIT SHARING PLAN · WALDORF, MD · plan year 2023

Reported admin expense ratio · 2023
0.25%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Chaney Enterprises Limited Partnership reported $156,869 in plan administrative expenses for 2023: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,568 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.26%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 243rd-largest of 1,671 plans among Maryland employers on file, and the 2,461st of 13,661 in manufacturing. In 2023, the employer put in $1.10 for every $1.00 employees contributed themselves; active participation has grown from 517 to 642 since 2022.

Plan summary
Net assets, end of year$70,282,897
Participants with balances846
Active participants642
Employer contributions$3,574,858
Employee contributions$3,241,464
Employer contribution per active participant$5,568
Average account balance$83,077
Benefits paid to participants$5,262,432
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$70.1M · 864 accts · $2.5M emplr
2023$70.3M · 846 accts · $3.6M emplr
2022$55.4M · 738 accts · $3.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$107,208
Investment management$35,000
Total administrative$156,869
The Chaney Enterprises Limited Partnership 401(k) match · 2023
Employer contribution per active participant$5,568
Median for plans this size$3,659
2024$3,907 per active participant
2023$5,568 per active participant
2022$6,494 per active participant

Chaney Enterprises Limited Partnership's 2023 employer contribution ran above the $3,659 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$85,100
RBC CAPITAL MARKETS CORP. · Investment advisory (participants)$35,000
COASTAL PENSION SERVICES · Loan processing · Participant communication$34,051

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$181,671 · 0.26%
2023$156,869 · 0.25%
2022$161,323 · 0.27%
Same employer
Similar plansManufacturing · Maryland
Canam Steel Corporation MD$95.1M · 0.15%
Mra Systems, LLC MD$89.9M · 0.05%
Tcom, LP MD$82.5M · 0.01%
Xometry, Inc. MD$81.3M · 0.05%
Ambu, Inc. MD$65.7M · 0.36%
G3 Technologies Inc MD$59.5M · 0.04%
Bisgp MD$56.3M · 0.43%
Usalco, LLC MD$51.4M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 521702211 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.