Plan Ledger DOL Form 5500 · updated monthly

Chesapeake Containment Systems, Inc.401(k)

CHESAPEAKE CONTAINMENT SYSTEMS 401(K) PLAN · STATESVILLE, NC · plan year 2025

Reported admin expense ratio · 2025
0.69%

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

Chesapeake Containment Systems, Inc. reported $48,636 in plan administrative expenses for 2025: 0.69% of average plan assets, above the peer median. Employer contributions averaged $1,160 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 fell from 0.80% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,251st of 2,005), and 3,424th of 5,337 in construction. In 2025, employees put in $1.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,793,877
Participants with balances128
Active participants261
Employer contributions$302,640
Employee contributions$526,054
Employer contribution per active participant$1,160
Average account balance$60,890
Benefits paid to participants$406,166
Plan auditUnmodified (clean) audit opinion
AuditorANDERSON SMITH & WIKE PLLC
Plan history4
Yearassets · accounts · employer contribution
2025$7.8M · 128 accts · $303K emplr
2024$6.3M · 120 accts · $304K emplr
2023$5.0M · 115 accts · $302K emplr
2022$3.7M · 116 accts · $261K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$48,636
Total administrative$48,636
The Chesapeake Containment Systems, Inc. 401(k) match · 2025
Employer contribution per active participant$1,160
Median for plans this size$1,464
2025$1,160 per active participant
2024$1,023 per active participant
2023$1,070 per active participant
2022$981 per active participant

Chesapeake Containment Systems, Inc.'s 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$48,636
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history4
2025$48,636 · 0.69%
2024$44,185 · 0.78%
2023$36,806 · 0.84%
2022$30,072 · 0.80%
Similar plansConstruction · North Carolina
National Power, LLC NC$8.0M · 0.54%
Blue Dot Readi-Mix, LLC NC$8.0M · 0.07%
Omega Construction, Inc. NC$7.9M · 0.74%
Andrew Roby, Inc NC$7.6M · 0.69%
Hci-Bulldog, LLC NC$7.5M · 1.10%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 208372336 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.