ESOP · DOL Form 5500 · 2024

Chesapeake Financial Shares, Inc. ESOP

Data updated 2026-08-25

$10M
Total assets Small plan by assets
228
Participants Below avg headcount
55th
Percentile by assets National rank
$41,882
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

$10M in assets, 228 participants

Chesapeake Financial Shares, Inc.'s Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan reported $10M in total assets and 228 participants in its 2024 DOL Form 5500 filing, ranking in the 55th 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.

  • #3,307 in Finance & Insurance (8,549 peers)

Coverage in Virginia

Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan covers 228 participants in Virginia, about 29% of the average Virginia filer (state average ~782 per filing). Assets: $10M.

#3,307
in Finance & Insurance (8,549 peers)
+40.8%
assets growth YoY

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 2024 · DOL Form 5500

$9,549,208 Top 45% higher than 55% of 123,620 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 2024

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

Plan-year 2024 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 (228 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan reported net income rose from -$2M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan end-of-year assets rose from $7M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan reported participants rose from 215 in the plan year 2023 filing to 228 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 541210845 · Chesapeake Financial Shares, Inc. PY 2024 · ESOP

Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan · $10M · 228 · 55th

  • EIN $10M
  • RANK 228
  • PHOTO 55th
  • IND ESOP
  • EOY near Admix, Inc. Employee Stock Ownership Plan
  • 5500 ind #3307

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

Dazey's, Inc. Employee Stock Ownership PlanDazey's, Inc. Employee Stock…$10MDrake Cooper, Inc. Employee Stock Ownership PlanDrake Cooper, Inc. Employee …$10MChesapeake Financial Shares, Inc. Employee Stock Ownership PlanChesapeake Financial Shares,…$10MAdmix, Inc. Employee Stock Ownership PlanAdmix, Inc. Employee Stock O…$10MQuality Packaging & Supplies, Inc. Employee Stock Ownership PlanQuality Packaging & Supplies…$10M
End-of-year total assets ($M) among Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$10M
Net Income$3M
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): 0.009549208 · Participants: 228Chesapeake Financial Shares, Inc. Employee Stock Ownership PlanNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.333135639 · Participants: 6515Nvr, Inc. Employee Stock Ownership PlanDelta Star Employee Stock Ownership Plan, Total assets ($B): 0.446814442 · Participants: 222Delta Star Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.407104271 · Participants: 1962Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.385752212 · Participants: 1811The Resorts Companies, Inc. Employee Stock Ownership PlanNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.380000537 · Participants: 458New 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 Admix, Inc. Employee Stock Ownership Plan in NH ($10M); by covered participants it is Steel Encounters, Inc. Employee Stock Ownership Plan in UT (228 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (228 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan surged - up 40.8% during 2024, from $7M to $10M. Reported net income was $3M.
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 Admix, Inc. Employee Stock Ownership Plan in NH ($10M, 56 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 Steel Encounters, Inc. Employee Stock Ownership Plan in UT (228 participants, $28M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.