Retirement plan

CORNERSTONE MANAGMENT PARTNERS, LLC 401(K) PLAN

Name: CORNERSTONE MANAGEMENT PARTNERS, LLC - CORNERSTONE MANAGMENT PARTNERS, LLC 401(K) PLAN (2017) Form 5500
Creator: CORNERSTONE MANAGEMENT PARTNERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORNERSTONE MANAGMENT PARTNERS, LLC 401(K) PLAN, CORNERSTONE MANAGEMENT PARTNERS, LLC

CORNERSTONE MANAGEMENT PARTNERS, LLCEIN 20-0957207Plan #001PY 2017

15 KENNETH MINER DRIVE - WRENTHAM, MA 020931167877-334-7700cornerstone-management.comLinkedIn1-10 employeestelecommunications

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3M

+19.5% from 2016

Total participants

331

-7.3% from 2016

Average account balance

$33,374

+65.9% from 2016

Annual return

16.40%

+8.81 pp from 2016

Benchmarks

See 664 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort664 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.74M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

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.

29.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$428K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4445

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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 (shifting investment responsibility to participants).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$10 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.089%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GOSULE, BUTKUS & JESSON, LLP
Auditor EIN: 043442418
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,374

$31,424+6.2%

$81,473-59.0%

$69,631-52.1%

Participation rate

12.7%

50.8%-38.2pp

68.0%-55.3pp

70.7%-58.0pp

Annual return

16.40%

22.44%-6.0pp

38.78%-22.4pp

27571.02%-27554.6pp

Employer contribution / active EE

$1,029-100.0%

$2,568-100.0%

$2,032-100.0%

Participant deferral / active EE

$1,482

$1,838-19.4%

$3,537-58.1%

$3,224-54.0%

Admin fee / account holder

$30

$103-70.9%

$4,561-99.3%

$110-73.0%

CORNERSTONE MANAGMENT PARTNERS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORNERSTONE MANAGMENT PARTNERS, LLC 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