Expand Energy Corporation 401(k) Review & Grade
Chesapeake Energy Corporation Savings and Incentive Stock Bonus Plan
Oklahoma City, OKProfessional, Scientific & Technical Services1,348 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,819Employer $ per active participant
$10,744Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$639.8MNet plan assets, end of year
$179,112Average balance per account
Score breakdown
- Employer generosity41.7 / 5083th percentile for employer $ per participant
- Low cost22.3 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 89th |
| Employee saving | 65th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,918 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $37,464 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Expand Energy put in about $6,819 per active participant, more than the typical peer ($3,082). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $9,191,821 |
| Participant (employee) contributions | $14,482,717 |
| Other contributions (incl. rollovers in) | $32,012,161 |
| Administrative expenses paid from the plan | $265,773 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $113,772 |
| Other admin expenses | $91,500 |
| Benefits paid out | $72,869,644 |
| Net assets, start / end of year | $571.5M / $639.8M |
| Active participants, start / end of year | 954 / 1,742 |
| Participants with account balances | 3,572 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hogantaylor LLP |
Largest service providers (Schedule C)
| Financial Engines | $113,772 reported compensation |
| Mercer | $91,500 reported compensation |
| Fidelity Investments Institutional | $62,251 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014140745NAL0001514547001, received 2025-10-14, EIN 73-1395733, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.