Plan Ledger DOL Form 5500 · updated monthly

Chesapeake Hospitality401(k)

CHESAPEAKE HOSPITALITY 401(K) PROFIT SHARING PLAN · GREENBELT, MD · plan year 2022

Reported admin expense ratio · 2022
0.59%

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

Chesapeake Hospitality reported $64,287 in plan administrative expenses for 2022: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $233 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Maryland (1,104th of 1,671), and the 686th of 2,240 in accommodation & food services. In 2022, employees put in $10.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,758,313
Participants with balances165
Active participants134
Employer contributions$31,273
Employee contributions$316,405
Employer contribution per active participant$233
Average account balance$47,020
Benefits paid to participants$3,633,256
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $2K emplr
2022$7.8M · 165 accts · $31K emplr
Administrative expenses, itemized · 2022
Professional / advisory$64,287
Total administrative$64,287
The Chesapeake Hospitality 401(k) match · 2022
Employer contribution per active participant$233
Median for plans this size$2,266

Chesapeake Hospitality's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$64,287 · 0.59%
Similar plansAccommodation & Food Services · Maryland
Baywood Hotels, Inc. MD$10.1M · 0.50%
Ridgewell's, Inc. MD$9.9M · 0.42%
Susan Gage Caterer, Inc. MD$9.4M · 0.50%
Martins, Inc. MD$8.3M · 0.03%
Janjer Enterprises, Inc. MD$7.1M · 1.61%
Hospitality Partners, LLC MD$5.9M · 0.32%
Rod N Reel, Inc. MD$5.8M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521212353 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.