Chatham Financial 401(k) Review & Grade
Chatham Financial Corporation 401(k) Plan
Kennett Square, PAFinance & Insurance652 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$14,013Employer $ per active participant
$14,162Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$234.3MNet plan assets, end of year
$250,561Average balance per account
Score breakdown
- Employer generosity48.6 / 5097th percentile for employer $ per participant
- Low cost23.4 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 93th |
| Employee saving | 88th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,306 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Chatham Financial put in about $14,013 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $9,136,656 |
| Participant (employee) contributions | $9,233,389 |
| Other contributions (incl. rollovers in) | $1,890,037 |
| Administrative expenses paid from the plan | $57,615 |
| Investment advisory & management fees | $10,689 |
| Benefits paid out | $8,751,176 |
| Net assets, start / end of year | $187.4M / $234.3M |
| Active participants, start / end of year | 672 / 632 |
| Participants with account balances | 935 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $10,689 reported compensation |
| Fidelity Investments Institutional | −$113,064 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014113756NAL0005726754001, received 2025-10-14, EIN 23-2659499, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.