Plan Ledger DOL Form 5500 · updated monthly

Chesapeake Bay Foundation, Inc.403(b)

CHESAPEAKE BAY FOUNDATION, INC. 403(B) PLAN · ANNAPOLIS, MD · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Chesapeake Bay Foundation, Inc. reported $60,276 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $2,563 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 rose from 0.14% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 391st-largest of 1,671 plans among Maryland employers on file, and the 563rd of 3,341 in other services. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,838,364
Participants with balances410
Active participants234
Employer contributions$599,749
Employee contributions$1,126,109
Employer contribution per active participant$2,563
Average account balance$94,728
Benefits paid to participants$3,455,579
Plan auditUnmodified (clean) audit opinion
AuditorGELMAN, ROSENBERG & FREEDMAN
Plan history3
Yearassets · accounts · employer contribution
2024$38.8M · 410 accts · $600K emplr
2023$35.4M · 391 accts · $556K emplr
2022$31.8M · 407 accts · $500K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,276
Total administrative$60,276
Employer contributions to the Chesapeake Bay Foundation, Inc. plan · 2024
Employer contribution per active participant$2,563
Median for plans this size$2,416
2024$2,563 per active participant
2023$2,517 per active participant
2022$2,271 per active participant

Chesapeake Bay Foundation, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
TIAA · Contract administrator$48,081
CORNERSTONE ADVISORS ASSET MGMT. · Investment advisory (plan)$10,000

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

Administrative cost history3
2024$60,276 · 0.16%
2023$53,487 · 0.16%
2022$48,740 · 0.14%
Same employer
Similar plansOther Services · Maryland
The Norwood School, Inc. MD$48.4M · 0.06%
Global Communities MD$42.7M · 0.23%
The Chimes, Inc. MD$38.6M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 526065757 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.