Plan Ledger DOL Form 5500 · updated monthly

Chesapeake Bay Beach Club, LLC401(k)

EMPLOYEE BENEFIT PLAN OF CHESAPEAKE BAY BEACH CLUB, LLC · STEVENSVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Chesapeake Bay Beach Club, LLC reported $8,494 in plan administrative expenses for 2024: 0.30% of average plan assets, below the peer median. Employer contributions averaged $371 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 2 years on file its reported administrative ratio fell from 0.53% to 0.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Maryland (1,428th of 1,671), and 1,179th of 2,240 in accommodation & food services. In 2024, employees put in $2.31 for every $1.00 the employer contributed; active participation has shrunk from 503 to 370 since 2022.

Plan summary
Net assets, end of year$3,098,539
Participants with balances354
Active participants370
Employer contributions$137,102
Employee contributions$316,455
Employer contribution per active participant$371
Average account balance$8,753
Benefits paid to participants$283,333
Plan auditQualified audit opinion
AuditorLOMBARDO AYERS & COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 354 accts · $137K emplr
2023$2.5M · 240 accts · $131K emplr
2022$1.9M · 394 accts · $123K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,494
Total administrative$8,494
The Chesapeake Bay Beach Club, LLC 401(k) match · 2024
Employer contribution per active participant$371
Median for plans this size$1,313
2024$371 per active participant
2023$353 per active participant
2022$244 per active participant

Chesapeake Bay Beach Club, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ASCENSUS LLC · Recordkeeping$8,494

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$8,494 · 0.30%
2023$20,466 · 0.93%
2022$9,562 · 0.53%
Similar plansAccommodation & Food Services · Maryland
Fager's Island LTD. MD$2.2M · 0.27%
Mount Vernon Mansion, LLC MD$1.2M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522139890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.