ESOP · DOL Form 5500 · 2023

Chesapeake Financial Shares, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
215
Participants Below avg headcount
50th
Percentile by assets National rank
$31,540
Avg per participant Low balance/head
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Official DOL plan name: Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan · Sponsored by Chesapeake Financial Shares, Inc. · Virginia · Finance & Insurance

$7M in assets, 215 participants

Chesapeake Financial Shares, Inc.'s Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan reported $7M in total assets and 215 participants in its 2023 DOL Form 5500 filing, ranking in the 50th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,186 in Finance & Insurance (8,869 peers)

Coverage in Virginia

Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan covers 215 participants in Virginia, about 27% of the average Virginia filer (state average ~782 per filing). Assets: $7M.

#3,186
in Finance & Insurance (8,869 peers)
-20.3%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$6,781,041 Top 50% higher than 50% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (215 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan reported net income fell from -$1M in the plan year 2022 filing to -$2M in the plan year 2023 filing.
  • Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan end-of-year assets fell from $9M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan reported participants rose from 208 in the plan year 2022 filing to 215 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 541210845 · Chesapeake Financial Shares, Inc. PY 2023 · ESOP

Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan · $7M · 215 · 50th

  • SCH $7M
  • SCH 215
  • SCH 50th
  • SCH ESOP
  • SCH near Town & Country Group Employee Stock Ownership Plan
  • SCH ind #3186

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Virginia →

Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Chesapeake Financial Shares, Inc. Employee Stock Ownership PlanChesapeake Financial Shares,…$7MTown & Country Group Employee Stock Ownership PlanTown & Country Group Employe…$7MOdell Brewing Company Co-Worker Stock Ownership PlanOdell Brewing Company Co-Wor…$7MEcm Holding Group, Inc. Employee Stock Ownership PlanEcm Holding Group, Inc. Empl…$7MLastique International Corp. Employee Stock Ownership PlanLastique International Corp.…$7M
End-of-year total assets ($M) among Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$7M
Net Income-$2M
Employer EIN541210845
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Chesapeake Financial Shares, Inc.)

Sponsor-wide plan assets over time

All Chesapeake Financial Shares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$47M 21.430944051686637% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $39M $47.4M ▲ +21.4%
Year Plans Participants Total Assets
2022 2 442 $39M
2023 2 466 $42M
2024 2 504 $47M

Nearby ESOP Plans in Virginia

Peer ESOP plans, same state, same plan type, ranked by total assets.

Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.006781041 · Participants: 215Chesapeake Financial Shares, Inc. Employee Stock Ownership PlanNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.200416394 · Participants: 6866Nvr, Inc. Employee Stock Ownership PlanThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.351932601 · Participants: 1751The Resorts Companies, Inc. Employee Stock Ownership PlanAmerican Systems Corporation Employee Stock Ownership Plan, Total assets ($B): 0.331314714 · Participants: 1782American Systems Corporation Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.321520666 · Participants: 1652Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.320954252 · Participants: 444New River Electrical Corporation Employee Stock Ownership Plan
Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is Town & Country Group Employee Stock Ownership Plan in MI ($7M); by covered participants it is Jeo Employee Stock Ownership Plan in NE (215 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (215 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan declined sharply - down 20.3% during 2023, from $9M to $7M. Reported net income was -$2M.
How have Chesapeake Financial Shares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Chesapeake Financial Shares, Inc.'s sponsor-wide assets grew 21.4%, from $39M to $47M.
Which ESOP plans are similar in size to Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Town & Country Group Employee Stock Ownership Plan in MI ($7M, 84 participants).
Which ESOP plans cover a similar participant headcount to Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Jeo Employee Stock Ownership Plan in NE (215 participants, $528K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 541210845.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.