401k Plan data: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN plan

CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	002

CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CHESAPEAKE BANK OF MARYLAND has sponsored the creation of one or more 401k plans.

Company Name: CHESAPEAKE BANK OF MARYLAND

Employer identification number (EIN): 520374695

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01

Plan Statistics for CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 36
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 42
Total of all active and inactive participants 2022-01-01 42
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 42
Number of participants with account balances 2022-01-01 19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 37
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 36
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 0
Total of all active and inactive participants 2021-01-01 36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 36
Number of participants with account balances 2021-01-01 32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 4
2020: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 36
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 32
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 4
Total of all active and inactive participants 2020-01-01 36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 1
Total participants 2020-01-01 37
Number of participants with account balances 2020-01-01 36
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 35
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 35
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 1
Total of all active and inactive participants 2019-01-01 36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 36
Number of participants with account balances 2019-01-01 36
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 47
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 34
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 1
Total participants 2018-01-01 35
Number of participants with account balances 2018-01-01 34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0

Measure	Date	Value
2022: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	36
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	42
Total of all active and inactive participants	2022-01-01	42
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	42
Number of participants with account balances	2022-01-01	19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	37
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	36
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	0
Total of all active and inactive participants	2021-01-01	36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	36
Number of participants with account balances	2021-01-01	32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	4
2020: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	36
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	32
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	4
Total of all active and inactive participants	2020-01-01	36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	1
Total participants	2020-01-01	37
Number of participants with account balances	2020-01-01	36
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	35
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	35
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	1
Total of all active and inactive participants	2019-01-01	36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	36
Number of participants with account balances	2019-01-01	36
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	47
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	34
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	1
Total participants	2018-01-01	35
Number of participants with account balances	2018-01-01	34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0

Financial Data on CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2022 : CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year	2022-12-31	$-101,568
Total plan liabilities at beginning of year	2022-12-31	$2,031,365
Total income from all sources	2022-12-31	$1,600,760
Expenses. Total of all expenses incurred	2022-12-31	$2,732,104
Benefits paid (including direct rollovers)	2022-12-31	$2,732,104
Total plan assets at end of year	2022-12-31	$1,446,813
Total plan assets at beginning of year	2022-12-31	$4,711,090
Value of fidelity bond covering the plan	2022-12-31	$2,500,000
Other income received	2022-12-31	$1,480,163
Net income (gross income less expenses)	2022-12-31	$-1,131,344
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$1,548,381
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$2,679,725
Total contributions received or receivable from employer(s)	2022-12-31	$120,597
2021 : CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year	2021-12-31	$2,031,365
Total plan liabilities at beginning of year	2021-12-31	$2,369,922
Total income from all sources	2021-12-31	$704,356
Expenses. Total of all expenses incurred	2021-12-31	$145,711
Benefits paid (including direct rollovers)	2021-12-31	$145,711
Total plan assets at end of year	2021-12-31	$4,711,090
Total plan assets at beginning of year	2021-12-31	$4,491,002
Value of fidelity bond covering the plan	2021-12-31	$2,500,000
Other income received	2021-12-31	$478,367
Net income (gross income less expenses)	2021-12-31	$558,645
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$2,679,725
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$2,121,080
Total contributions received or receivable from employer(s)	2021-12-31	$225,989
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$2,369,922
Total plan liabilities at beginning of year	2020-12-31	$2,708,482
Total income from all sources	2020-12-31	$88,386
Expenses. Total of all expenses incurred	2020-12-31	$33,841
Benefits paid (including direct rollovers)	2020-12-31	$33,841
Total plan assets at end of year	2020-12-31	$4,491,002
Total plan assets at beginning of year	2020-12-31	$4,775,017
Value of fidelity bond covering the plan	2020-12-31	$2,500,000
Other income received	2020-12-31	$-256,945
Net income (gross income less expenses)	2020-12-31	$54,545
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$2,121,080
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$2,066,535
Total contributions received or receivable from employer(s)	2020-12-31	$345,331
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year	2019-12-31	$2,708,482
Total plan liabilities at beginning of year	2019-12-31	$3,047,040
Total income from all sources	2019-12-31	$880,185
Expenses. Total of all expenses incurred	2019-12-31	$5,381
Benefits paid (including direct rollovers)	2019-12-31	$5,381
Total plan assets at end of year	2019-12-31	$4,775,017
Total plan assets at beginning of year	2019-12-31	$4,238,771
Value of fidelity bond covering the plan	2019-12-31	$2,500,000
Other income received	2019-12-31	$381,655
Net income (gross income less expenses)	2019-12-31	$874,804
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$2,066,535
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$1,191,731
Total contributions received or receivable from employer(s)	2019-12-31	$498,530
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year	2018-12-31	$3,047,040
Total income from all sources	2018-12-31	$1,237,993
Expenses. Total of all expenses incurred	2018-12-31	$46,262
Total plan assets at end of year	2018-12-31	$4,238,771
Total plan assets at beginning of year	2018-12-31	$0
Value of fidelity bond covering the plan	2018-12-31	$2,500,000
Other income received	2018-12-31	$853,171
Net income (gross income less expenses)	2018-12-31	$1,191,731
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$1,191,731
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$0
Total contributions received or receivable from employer(s)	2018-12-31	$384,822
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$46,262
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0

Form 5500 Responses for CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN

2022: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP 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	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
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
2020: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: CHESAPEAKE BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	First time form 5500 has been submitted	Yes
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	CHESAPEAKE BANK OF MARYLAND
Employer identification number (EIN):	520374695
NAIC Classification:	522120
NAIC Description:	Savings Institutions