401(k) · DOL Form 5500 · 2024

Choptank Electric Cooperative, Inc. 401(k) Plan

Data updated 2026-08-11

$77M
Total assets
153
Participants
88th
Percentile by assets
$500,532
Avg per participant
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Official DOL plan name: Choptank Electric Cooperative 401(k) Plan · Sponsored by Choptank Electric Cooperative, Inc. · Maryland · Utilities

$77M in assets, 153 participants

Choptank Electric Cooperative, Inc.'s Choptank Electric Cooperative 401(k) Plan reported $77M in total assets and 153 participants in its 2024 DOL Form 5500 filing, ranking in the 88th 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.

  • 88th percentile by assets (of 123,622 plans)
  • #423 in Utilities (732 peers)

Coverage in Maryland

Choptank Electric Cooperative 401(k) Plan covers 153 participants in Maryland, about 16% of the average Maryland filer (state average ~929 per filing). Assets: $77M.

$77M
total plan assets (2024 EOY)
153
covered participants
88th
percentile by assets (of 123,622 plans)
$500,532
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Choptank Electric Cooperative 401(k) Plan end-of-year assets rose from $66M in the plan year 2023 filing to $77M in the plan year 2024 filing.
  • Choptank Electric Cooperative 401(k) Plan reported net income fell from $12M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • Choptank Electric Cooperative 401(k) Plan reported participants rose from 142 in the plan year 2023 filing to 153 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Industry

Participants vs Maryland filers

In Maryland, the average filing covers about 929 participants across 2,484 plans. Choptank Electric Cooperative 401(k) Plan reports 153 participants - about 16% of that state average ($77M EOY assets).

Maryland filing particulars

Total Assets (Beginning of Year)$66M
Net Assets (End of Year)$77M
Net Income$10M
Employer EIN520271943
Plan Effective Date2020-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Choptank Electric Cooperative, Inc.)

$50M$60M$70M$80M 202220232024 $54.2M $76.6M ▲ +41.2%
Total plan assets by year, all Choptank Electric Cooperative, Inc. plans on file
Year Plans Participants Total Assets
2022 2 257 $54M
2023 1 142 $66M
2024 1 153 $77M

Nearby 401(k) Plans in Maryland

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Choptank Electric Cooperative 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants

Choptank Electric Cooperative 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Choptank Electric Co…Lockheed Martin Corp…Marriott Retirement …T. Rowe Price U.S. R…Nfl Player Second Ca…Lockheed Martin Corp…
Choptank Electric Cooperative 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Choptank Electric Cooperative 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Choptank Electric Cooperative 401(k) Plan assets move in 2024?
Choptank Electric Cooperative 401(k) Plan grew sharply - up 15.6% during 2024, from $66M to $77M. Reported net income was $10M.
How have Choptank Electric Cooperative, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Choptank Electric Cooperative, Inc.'s sponsor-wide assets grew 41.2%, from $54M to $77M.
Where does Choptank Electric Cooperative 401(k) Plan rank by assets among Form 5500 filers?
Choptank Electric Cooperative 401(k) Plan ranks in the 88th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Choptank Electric Cooperative 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Great Day Improvements, LLC 401(k) Plan in OH ($77M, 2,908 participants).

Next read for Choptank Electric Cooperative 401(k) Pla…

Filing takeaways

Ways to act on Choptank Electric Cooperative 401(k) Plan's numbers.

  • By total assets, Choptank Electric Cooperative 401(k) Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Maryland. Compare plans
  • Choptank Electric Cooperative, Inc.'s sponsor-wide assets have grown 41.2% since 2022 across 3 plan years on file. More Utilities plans