Retirement plan

SORCE COMPANIES' RETIREMENT PLAN

Name: CORNERSTONE MANAGEMENT GROUP, LLC - SORCE COMPANIES' RETIREMENT PLAN (2024) Form 5500
Creator: CORNERSTONE MANAGEMENT GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SORCE COMPANIES' RETIREMENT PLAN, CORNERSTONE MANAGEMENT GROUP, LLC

CORNERSTONE MANAGEMENT GROUP, LLCEIN 22-2333999Plan #002PY 2024

245 PROSPECT AVENUE, PENTHOUSE - HACKENSACK, NJ 07601201-214-4227cornerstone-mc.comLinkedIn1-10 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

No prior year

Total participants

No prior year

Average account balance

$162,643

No prior year

Annual return

14.28%

No prior year

Benchmarks

See 20,049 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort20,049 peers

Snapshot2024

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

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 codes2A2E3B3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$125K

$31186 / participant

Other / not subdivided$125K100.0%

% of EOY assets

6.972%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$162,643

$211,224-23.0%

$178,505-8.9%

$145,897+11.5%

Participation rate

100.0%

80.8%+19.2pp

77.1%+22.9pp

80.3%+19.7pp

Annual return

14.28%

30.28%-16.0pp

27.16%-12.9pp

552.29%-538.0pp

Employer contribution / active EE

$21,832

$4,577+377.0%

$3,955+452.0%

$4,663+368.2%

Participant deferral / active EE

$6,966-100.0%

$6,280-100.0%

$6,689-100.0%

Admin fee / account holder

$11,340

$12,109-6.3%

$10,428+8.8%

$13,390-15.3%

SORCE COMPANIES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SORCE COMPANIES' RETIREMENT 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