Retirement plan

CORNERSTONE MANAGMENT PARTNERS, LLC 401(K) PLAN

Name: CORNERSTONE MANAGEMENT PARTNERS, LLC - CORNERSTONE MANAGMENT PARTNERS, LLC 401(K) PLAN (2022) 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 2022

15 KENNETH MINER DRIVE - WRENTHAM, MA 02093617-448-3497cornerstone-management.comLinkedIn1-10 employeestelecommunications

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.4M

-1.9% from 2021

Total participants

291

-2.7% from 2021

Average account balance

$43,157

-0.0% from 2021

Annual return

-5.35%

-17.96 pp from 2021

Benchmarks

See 1,186 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,186 peers

Snapshot2022

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

$1K

$5 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.028%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JESSON, OSLIN & ASSOCIATES, LLP
Auditor EIN: 043442418
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,157

$37,463+15.2%

$77,096-44.0%

$66,938-35.5%

Participation rate

19.0%

52.9%-34.0pp

67.9%-49.0pp

69.8%-50.8pp

Annual return

-5.35%

-3.25%-2.1pp

42.35%-47.7pp

1.58%-6.9pp

Employer contribution / active EE

$1,535-100.0%

$2,814-100.0%

$2,545-100.0%

Participant deferral / active EE

$2,127

$2,621-18.9%

$4,429-52.0%

$4,238-49.8%

Admin fee / account holder

$12

$568-97.8%

$5,428-99.8%

$594-97.9%

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