Retirement plan

CORNERSTONE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Name: CORNERSTONE TREATMENT FACILITIES NETWORK - CORNERSTONE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN (2022) Form 5500
Creator: CORNERSTONE TREATMENT FACILITIES NETWORK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORNERSTONE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN, CORNERSTONE TREATMENT FACILITIES NETWORK

CORNERSTONE TREATMENT FACILITIES NETWORKEIN 13-1030650Plan #003PY 2022

159-05 UNION TURNPIKE - FRESH MEADOWS, NY 11366718-906-6700cornerstoneny.comLinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#004Retirement-$35.8M assets

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$46.6M

+33.9% from 2021

Total participants

361

+51.0% from 2021

Average account balance

$136,131

-17.0% from 2021

Annual return

35.00%

+42.55 pp from 2021

Benchmarks

See 5,349 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,349 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$11.29M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$32K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

358

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

84.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$595K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.70%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$17

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY7+ years Service code 27 · EIN 71-0294708	Advisory (Plan)	$6,859
MORNINGSTAR1 year Service code 27 · EIN 36-3297908	Advisory (Plan)	$5,484

Plan features & details

Pension benefit codes2E2G2J2K2S3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all 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
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect 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 to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$7K

$37 / participant

Contract admin$7K100.0%

% of EOY assets

0.014%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,131

$65,092+109.1%

$143,799-5.3%

$66,938+103.4%

Participation rate

89.3%

65.2%+24.1pp

80.3%+8.9pp

69.8%+19.5pp

Annual return

35.00%

-11.14%+46.1pp

-0.04%+35.0pp

1.58%+33.4pp

Employer contribution / active EE

$829

$2,362-64.9%

$4,952-83.3%

$2,545-67.4%

Participant deferral / active EE

$3,516

$2,920+20.4%

$5,638-37.6%

$4,238-17.0%

Admin fee / account holder

$19

$502-96.2%

$14,677-99.9%

$594-96.8%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY7+ years

Service code 27 · EIN 71-0294708

Advisory (Plan)

$6,859

MORNINGSTAR1 year

Service code 27 · EIN 36-3297908

Advisory (Plan)

$5,484

CORNERSTONE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORNERSTONE EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion