401k Plan data: CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN plan

CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN 401k Plan overview

Plan Name	CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN
Plan identification number	003

CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

CHOPTANK ELECTRIC COOPERATIVE INC has sponsored the creation of one or more 401k plans.

Company Name: CHOPTANK ELECTRIC COOPERATIVE INC

Employer identification number (EIN): 520271943

NAIC Classification: 221100

Additional information about CHOPTANK ELECTRIC COOPERATIVE INC

Jurisdiction of Incorporation: Maryland Secretary of State

Incorporation Date:

Company Identification Number: D00512467

More information about CHOPTANK ELECTRIC COOPERATIVE INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2022-01-01 PAULA BISHOP 2023-10-12
003 2021-01-01 PAULA BISHOP 2022-10-17

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2022-01-01	PAULA BISHOP	2023-10-12
003	2021-01-01	PAULA BISHOP	2022-10-17

Plan Statistics for CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN

401k plan membership statisitcs for CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN

Measure Date Value
2022: CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets 2022-12-29 27,757,413
Acturial value of plan assets 2022-12-29 27,757,413
Funding target for retired participants and beneficiaries receiving payment 2022-12-29 8,656,404
Number of terminated vested participants 2022-12-29 7
Fundng target for terminated vested participants 2022-12-29 68,006
Active participant vested funding target 2022-12-29 19,093,727
Number of active participants 2022-12-29 123
Total funding liabilities for active participants 2022-12-29 19,177,021
Total participant count 2022-12-29 152
Total funding target for all participants 2022-12-29 27,901,431
Balance at beginning of prior year after applicable adjustments 2022-12-29 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-29 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-29 0
Prefunding balanced used to offset prior years funding requirement 2022-12-29 0
Amount remaining of carryover balance 2022-12-29 0
Amount remaining of prefunding balance 2022-12-29 0
Present value of excess contributions 2022-12-29 1,665,357
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-29 1,760,948
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-29 0
Reductions in caryover balances due to elections or deemed elections 2022-12-29 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-29 0
Balance of carryovers at beginning of current year 2022-12-29 0
Balance of prefunding at beginning of current year 2022-12-29 0
Total employer contributions 2022-12-29 16,488,388
Total employee contributions 2022-12-29 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-29 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-29 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-29 15,903,425
Liquidity shortfalls end of Q1 2022-12-29 0
Liquidity shortfalls end of Q2 2022-12-29 0
Liquidity shortfalls end of Q3 2022-12-29 0
Liquidity shortfalls end of Q4 2022-12-29 0
Unpaid minimum required contributions for all prior years 2022-12-29 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-29 0
Remaining amount of unpaid minimum required contributions 2022-12-29 0
Minimum required contributions for current year target normal cost 2022-12-29 5,000
Net shortfall amortization installment of oustanding balance 2022-12-29 144,018
Waiver amortization installment 2022-12-29 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-29 18,309
Carryover balance elected to use to offset funding requirement 2022-12-29 0
Prefunding balance elected to use to offset funding requirement 2022-12-29 0
Additional cash requirement 2022-12-29 18,309
Contributions allocatedtoward minimum required contributions for current year 2022-12-29 15,903,425
Unpaid minimum required contributions for current year 2022-12-29 0
Unpaid minimum required contributions for all years 2022-12-29 0
Total participants, beginning-of-year 2022-01-01 152
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 0
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets 2021-12-31 30,431,164
Acturial value of plan assets 2021-12-31 30,431,164
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 7,760,639
Number of terminated vested participants 2021-12-31 3
Fundng target for terminated vested participants 2021-12-31 37,587
Active participant vested funding target 2021-12-31 19,580,186
Number of active participants 2021-12-31 140
Total funding liabilities for active participants 2021-12-31 19,688,564
Total participant count 2021-12-31 165
Total funding target for all participants 2021-12-31 27,486,790
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 1,717,000
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 1,665,357
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 0
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 1,665,357
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
Total participants, beginning-of-year 2021-01-01 155
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 123
Number of retired or separated participants receiving benefits 2021-01-01 22
Number of other retired or separated participants entitled to future benefits 2021-01-01 7
Total of all active and inactive participants 2021-01-01 152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0

Measure	Date	Value
2022: CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets	2022-12-29	27,757,413
Acturial value of plan assets	2022-12-29	27,757,413
Funding target for retired participants and beneficiaries receiving payment	2022-12-29	8,656,404
Number of terminated vested participants	2022-12-29	7
Fundng target for terminated vested participants	2022-12-29	68,006
Active participant vested funding target	2022-12-29	19,093,727
Number of active participants	2022-12-29	123
Total funding liabilities for active participants	2022-12-29	19,177,021
Total participant count	2022-12-29	152
Total funding target for all participants	2022-12-29	27,901,431
Balance at beginning of prior year after applicable adjustments	2022-12-29	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-29	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-29	0
Prefunding balanced used to offset prior years funding requirement	2022-12-29	0
Amount remaining of carryover balance	2022-12-29	0
Amount remaining of prefunding balance	2022-12-29	0
Present value of excess contributions	2022-12-29	1,665,357
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-29	1,760,948
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-29	0
Reductions in caryover balances due to elections or deemed elections	2022-12-29	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-29	0
Balance of carryovers at beginning of current year	2022-12-29	0
Balance of prefunding at beginning of current year	2022-12-29	0
Total employer contributions	2022-12-29	16,488,388
Total employee contributions	2022-12-29	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-29	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-29	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-29	15,903,425
Liquidity shortfalls end of Q1	2022-12-29	0
Liquidity shortfalls end of Q2	2022-12-29	0
Liquidity shortfalls end of Q3	2022-12-29	0
Liquidity shortfalls end of Q4	2022-12-29	0
Unpaid minimum required contributions for all prior years	2022-12-29	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-29	0
Remaining amount of unpaid minimum required contributions	2022-12-29	0
Minimum required contributions for current year target normal cost	2022-12-29	5,000
Net shortfall amortization installment of oustanding balance	2022-12-29	144,018
Waiver amortization installment	2022-12-29	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-29	18,309
Carryover balance elected to use to offset funding requirement	2022-12-29	0
Prefunding balance elected to use to offset funding requirement	2022-12-29	0
Additional cash requirement	2022-12-29	18,309
Contributions allocatedtoward minimum required contributions for current year	2022-12-29	15,903,425
Unpaid minimum required contributions for current year	2022-12-29	0
Unpaid minimum required contributions for all years	2022-12-29	0
Total participants, beginning-of-year	2022-01-01	152
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	0
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets	2021-12-31	30,431,164
Acturial value of plan assets	2021-12-31	30,431,164
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	7,760,639
Number of terminated vested participants	2021-12-31	3
Fundng target for terminated vested participants	2021-12-31	37,587
Active participant vested funding target	2021-12-31	19,580,186
Number of active participants	2021-12-31	140
Total funding liabilities for active participants	2021-12-31	19,688,564
Total participant count	2021-12-31	165
Total funding target for all participants	2021-12-31	27,486,790
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	1,717,000
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	1,665,357
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	0
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	1,665,357
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
Total participants, beginning-of-year	2021-01-01	155
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	123
Number of retired or separated participants receiving benefits	2021-01-01	22
Number of other retired or separated participants entitled to future benefits	2021-01-01	7
Total of all active and inactive participants	2021-01-01	152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0

Financial Data on CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN

Measure	Date	Value
2022 : CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-29	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-29	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-29	$0
Total income from all sources (including contributions)	2022-12-29	$16,609,520
Total loss/gain on sale of assets	2022-12-29	$0
Total of all expenses incurred	2022-12-29	$45,636,496
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-29	$45,632,346
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-29	$16,488,388
Value of total assets at end of year	2022-12-29	$0
Value of total assets at beginning of year	2022-12-29	$29,026,976
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-29	$4,150
Total interest from all sources	2022-12-29	$121,132
Total dividends received (eg from common stock, registered investment company shares)	2022-12-29	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-29	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2022-12-29	$0
Administrative expenses professional fees incurred	2022-12-29	$4,150
Was this plan covered by a fidelity bond	2022-12-29	Yes
Value of fidelity bond cover	2022-12-29	$500,000
Were there any nonexempt tranactions with any party-in-interest	2022-12-29	No
Participant contributions at end of year	2022-12-29	$0
Participant contributions at beginning of year	2022-12-29	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-29	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-29	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-29	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-29	$0
Liabilities. Value of operating payables at end of year	2022-12-29	$0
Liabilities. Value of operating payables at beginning of year	2022-12-29	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-29	No
Value of net income/loss	2022-12-29	$-29,026,976
Value of net assets at end of year (total assets less liabilities)	2022-12-29	$0
Value of net assets at beginning of year (total assets less liabilities)	2022-12-29	$29,026,976
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-29	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-29	No
Were any leases to which the plan was party in default or uncollectible	2022-12-29	No
Interest earned on other investments	2022-12-29	$121,132
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-29	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-29	$29,026,976
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-29	$29,026,976
Expenses. Payments to insurance carriers foe the provision of benefits	2022-12-29	$6,795,000
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-29	Yes
Was there a failure to transmit to the plan any participant contributions	2022-12-29	No
Has the plan failed to provide any benefit when due under the plan	2022-12-29	No
Contributions received in cash from employer	2022-12-29	$16,488,388
Employer contributions (assets) at end of year	2022-12-29	$0
Employer contributions (assets) at beginning of year	2022-12-29	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-29	$38,837,346
Liabilities. Value of benefit claims payable at end of year	2022-12-29	$0
Liabilities. Value of benefit claims payable at beginning of year	2022-12-29	$0
Did the plan have assets held for investment	2022-12-29	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-29	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-29	Yes
Liabilities. Value of acquisition indebtedness at end of year	2022-12-29	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2022-12-29	$0
Opinion of an independent qualified public accountant for this plan	2022-12-29	Unqualified
Accountancy firm name	2022-12-29	ADAMS, JENKINS & CHEATHAM
Accountancy firm EIN	2022-12-29	541320089
2021 : CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total transfer of assets to this plan	2021-12-31	$30,431,164
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$5,428,318
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$6,832,506
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$6,828,381
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,717,000
Value of total assets at end of year	2021-12-31	$29,026,976
Value of total assets at beginning of year	2021-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$4,125
Total interest from all sources	2021-12-31	$3,711,318
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Administrative expenses professional fees incurred	2021-12-31	$4,125
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Participant contributions at end of year	2021-12-31	$0
Participant contributions at beginning of year	2021-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$0
Liabilities. Value of operating payables at end of year	2021-12-31	$0
Liabilities. Value of operating payables at beginning of year	2021-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$-1,404,188
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$29,026,976
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Interest earned on other investments	2021-12-31	$3,711,318
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$29,026,976
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$1,717,000
Employer contributions (assets) at end of year	2021-12-31	$0
Employer contributions (assets) at beginning of year	2021-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$6,828,381
Liabilities. Value of benefit claims payable at end of year	2021-12-31	$0
Liabilities. Value of benefit claims payable at beginning of year	2021-12-31	$0
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2021-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2021-12-31	$0
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	ADAMS, JENKINS & CHEATHAM
Accountancy firm EIN	2021-12-31	541320089

Form 5500 Responses for CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN

2022: CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	Yes
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: CHOPTANK ELECTRIC COOPERATIVE DEFINED BENEFIT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	First time form 5500 has been submitted	Yes
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

MIDLAND NATIONAL LIFE (National Association of Insurance Commissioners NAIC id number: 66044 )

Policy contract number

190083A

Policy instance

Insurance contract or identification number	190083A
Number of Individuals Covered	15
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-29
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	Yes
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	Yes
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	CHOPTANK ELECTRIC COOPERATIVE INC
Employer identification number (EIN):	520271943
NAIC Classification:	221100

Jurisdiction of Incorporation:	Maryland Secretary of State
Incorporation Date:
Company Identification Number:	D00512467