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FORM 5500 DATA

Chesapeake Energy Corporation Savings and Incentive Stock Bonus Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan10/01/1988
  • Net Assets as of 12/31/2019 $603,404,022
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants2,286
  • Retired or separated participants receiving benefits12
  • Other retired or separated participants entitled to future benefits2,306
  • Subtotal4,604
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits7
  • Total4,611
  • Total number of participants as of 01/01/20194,859
  • Number of participants with account balances4,584
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested108

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address6100 N Western Ave
  • CityOklahoma City
  • StateOK
  • Zip73118-1044
  • Telephone(405) 848-8000
  • EIN73-1395733
  • Industry Code541990
  • Named AdministratorRyan Turner

Plan Administrator Information

  • Administrator NameChesapeake Energy Corporation
  • Address6100 N Western Ave
  • CityOklahoma City
  • StateOK
  • Zip73118-1044
  • Telephone(405) 935-2628
  • Administrator EIN73-1395733

Audit Information

  • Audit StatusAudited
  • AuditorHogantaylor LLP
  • Auditor EIN73-1413977
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J 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.
2K 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 contributions 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.
2P Leveraged ESOP An Employee Stock Ownership Plan (ESOP) that acquires employer securities with borrowed money or other debt-financing techniques.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D 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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
3I Employer Securities Limitations Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $50,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $161,234,031
Contributions $62,146,491
Cash Contributions $62,146,491
Cash from Employers $29,045,385
Cash from Participants $30,244,012
Others (including rollovers) $2,857,094
Noncash Contributions $0
Total Earnings on Investments $99,087,540
Total Interest $396,964
Interest-Bearing Cash $49,615
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $347,349
Interest from Other Investments $0
Total Dividends $3,178,595
Preferred Stock $531
Common Stock $27,329
Rents $0
Net gain (loss) on sale of assets $-2,867,325
Aggregate Proceeds $6,499,857
Aggregate Carrying Amount $9,367,182
Total Unrealized Appreciation (depreciation) of assets $-13,461,428
Real Estate $0
Other $-13,461,428
Net investment gain (loss) from common/collective trusts $85,604,459
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $26,236,275
Other Income $0
Expenses $71,509,364
Total Benefit Payments $71,045,952
Directly to participants or beneficiaries, including direct rollovers $71,045,952
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $9,647
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $453,765
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $453,765
Net Income $89,724,667
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $603,434,344 $513,679,355 17.47%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $184,699 -100.00%
Employer Contributions $0 $77,041 -100.00%
Participant Contributions $0 $82,329 -100.00%
Other Contributions $0 $25,329 -100.00%
General Investments $2,889,534 $3,004,696 -3.83%
Interest-bearing cash $2,889,534 $3,004,696 -3.83%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $1,178,145 $1,181,822 -0.31%
Preferred $10,164 $10,300 -1.32%
Common $1,167,981 $1,171,522 -0.30%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $6,453,745 $6,656,779 -3.05%
Value of interest in common/collective trusts $450,537,623 $375,418,148 20.01%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $130,948,212 $103,890,575 26.04%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $11,427,085 $23,342,636 -51.05%
Employer Securities $11,427,085 $23,342,636 -51.05%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $30,322 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $30,322 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $603,404,022 $513,679,355 17.47%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $302,719 $0 $302,719
Mercer Consulting (general) Consultant $122,000 $0 $122,000
Total $424,719 $0 $424,719

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Invesco Diversified Dividend Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amg Managers Loomis Sayles Bond Fu Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amg River Road Smallmid Cap Value Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Aqr Risk Balanced Commod Strategy Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Champlain Mid Cap Advisor Share Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Adv Preferred Gold Bullion Strat I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Invesco Oppenheimer Global Opport Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Alger Small Cap Focus Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Ab Discovery Growth Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Balanced Class F1 Sub-transfer agency fees 0.37% $0
Fidelity Investments Institutional Amer Beacon Brdgway Large Cap Val Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Century Chgal Gold Inv Cl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Bny Mellon Midcap Index Investor Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Blackrock Mid Cap Growth Equity Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Technologyopportunities Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Health Sciences Opp Prt Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Bny Mellon Smallcap Stock Index In Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Buffalo Discovery Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Buffalo Emerging Opportunities Fun Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Carillon Reams Unconstrained Bond Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Carillon Scout Smallcap Fund Cl I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Columbia Dividend Income Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Columbia Small Cap Growth Fund I A Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Columbia Dividend Income Fund Adv Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Commerce Value Institutional Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Conestoga Small Cap Investor Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Delaware Small Cap Value Class A Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Delaware Diversified Income Fund C Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Eaton Vance High Incopportunities Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Vulcan Value Partnerfund Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional First Eagle Global Class I Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Franklin Dynatech Fund A Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Polen Growth Fund Retail Shares Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Glenmede Total Market Portfolio Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Glenmede Large Cap Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Guinness Atkinson Global Innovator Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional John Hancock Bond Fund Class I Sub-transfer agency fees 0.05% $0
Fidelity Investments Institutional Oakmark Intl Investor Cl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional The Hartford Balanced Income Cl I Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Hennessy Focus Fund Investor Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Hennessy Small Cap Financial Invst Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Vaughan Nelson Intl Sm Cap Vl Advi Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Ivy Emerging Marketsequity Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Ivy Small Cap Core Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Ivy Science & Technology Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Janus Henderson Venture T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Contrarian T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Gl Life Sciences T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Enterprise T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson U.S.Managed Volati Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Glblincome Mng Vol Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional John Hancock Absolt Return Currenc Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Lazard Global Listedinfrastructure Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Clearbridge Large Cap Growth I Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Nuance Concentrated Value Fund Ins Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Matthews Asian Growth & Income Fun Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Metropolitan West Total Return Cla Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Morgan Stanley Insight A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Intl Advantage Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Morgan Stanley Global Opportunity Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Needham Small Cap Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American New World Class F1 Sub-transfer agency fees 0.37% $0
Fidelity Investments Institutional Parnassus Endeavor Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Parnassus Mid Cap Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Payden Corporate Bond Fund Investo Sub-transfer agency fees 0.33% $0
Fidelity Investments Institutional Pimco Income Fund Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Income Cl I3 Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price Comm & Technology Inv Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Akre Focus Fund Instl Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Hodges Small Cap Fund Retail Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Nasdaq 100 Pro Fund Investor Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Boston Partners All Cap Value Invs Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price New America Growth Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price New Era Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T.Rowe Price Asia Opportuniti Inve Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price Emerg Markets Bond Fu Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Royce International Premier Servic Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Rydex Nasdaq 100 Inv Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Rydex Consumer Products Investor C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Timothy Small Cap Value Class A Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Timothy Plan Israel Common Values Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Timothy Plan Lrg/Mid Cap Value Cl Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Touchstone Mid Cap Fund Cl Z Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Performance Trust Strategic Bond F Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Global Resources Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Value Line Small Capopportunities Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Dana Large Cap Equity Investor Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Virtus Kar Small Cap Growth Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch Global Opportunities Retai Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Washington Mutual Investo Sub-transfer agency fees 0.37% $0
Fidelity Investments Institutional Weitz Hickory Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wells Fargo Special Mid Cap Cl I Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Ycg Enhanced Fund Service/Regular Sub-transfer agency fees 0.40% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

Name Nature of Service Description of Information

Service Providers Who Fail or Refuse to Provide Information

Termination Information on Accountants and Enrolled Actuaries

Name Position Explanation
Pricewaterhousecooper LLP Accounting Firm as A Matter of Good Corporate Practice.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Vanguard Target 2050 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $66,679,717
Jpm Analyst Lgcp Cor Jpmorgan Chase Bank, N.A. DFE: Common/Collective Trust $54,144,296
Vanguard Target 2045 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $50,957,425
Vanguard Target 2040 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $46,337,513
Vanguard Target 2030 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $34,251,914
Vanguard Target 2055 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $29,886,681
Wt Smid Cap Res Eq 1 Wellington Trust Company, Na DFE: Common/Collective Trust $28,571,489
Artisan Intl Growth Sei Trust Company DFE: Common/Collective Trust $25,559,036
Wf Syn Stable Val Mc Wells Fargo Bank, N.A. DFE: Common/Collective Trust $22,314,330
Vanguard Target 2035 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $20,776,950
Vanguard Target 2025 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $20,680,047
Vanguard Target 2020 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $19,868,392
Pru Core Pl Bd Cl 5 Prudential Trust Company DFE: Common/Collective Trust $16,576,901
Vanguard Target 2060 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $5,179,124
Vanguard Target Inc Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $3,847,841
Vanguard Target 2015 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $3,423,934
Vanguard Target 2065 Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $1,482,033
Wf Stable Value D Wells Fargo Bank, N.A. DFE: Common/Collective Trust $0
Bos Co Opp Smid The Bank of New York Mellon DFE: Common/Collective Trust $0
Total $450,537,623

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.