Retirement plan

CORNERSTONE BUILDING BRANDS 401(K) PROFIT SHARING PLAN

Name: CORNERSTONE BUILDING BRANDS, INC. - CORNERSTONE BUILDING BRANDS 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: CORNERSTONE BUILDING BRANDS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORNERSTONE BUILDING BRANDS 401(K) PROFIT SHARING PLAN, CORNERSTONE BUILDING BRANDS, INC.

CORNERSTONE BUILDING BRANDS, INC.EIN 76-0127701Plan #001PY 2024

13105 NW FREEWAY, SUITE 500 - HOUSTON, TX 77040281-897-7511

Prospect flagsHigh cashLow participationLow assets / participantLow employer contributionLow participant contributionFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed January 9, 2006 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$845.3M

-3.6% from 2016

Total participants

18,428

-11.2% from 2016

Average account balance

$90,988

-2.4% from 2016

Annual return

40.04%

-10.03 pp from 2016

Benchmarks

See 98 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort98 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$845.28M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

9,290

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.

43.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$59.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+40.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$83

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	$438,683
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$144,837
COOK STREET CONSULTING6 years Filed as: COOK STREET CONSULTING, INC. Service code 16 · EIN 84-0854432	Consulting	$61,675
FOLEY & LARDNER LLP1 year Filed as: FOLEY & LARDNER Service code 29 · EIN 39-0473800	Legal	$41,120
BDO USA, LLP2 years Filed as: BDO Service code 10 · EIN 13-5381590	Accounting	$38,000
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY CAPITAL MANAGEMENT, Service code 16 · EIN 11-3658445	Consulting	$20,694

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H3D

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.
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.
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.
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

7 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$774K

$48 / participant

Recordkeeping$439K56.7%
Investment mgmt$145K18.7%
Legal$41K5.3%
Other / not subdivided$149K19.2%

% of EOY assets

0.092%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: $38,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,988

$178,759-49.1%

$102,460-11.2%

$106,553-14.6%

Participation rate

43.1%

91.3%-48.2pp

76.5%-33.4pp

69.8%-26.7pp

Annual return

40.04%

17.23%+22.8pp

29.47%+10.6pp

17.37%+22.7pp

Employer contribution / active EE

$1,160

$5,750-79.8%

$3,025-61.6%

$3,359-65.5%

Participant deferral / active EE

$2,521

$9,466-73.4%

$5,056-50.1%

$5,562-54.7%

Admin fee / account holder

$83

$62+34.0%

$9,460-99.1%

$80+4.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

$438,683

STRATEGIC ADVISORS, INC.5 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$144,837

COOK STREET CONSULTING6 years

Filed as: COOK STREET CONSULTING, INC.

Service code 16 · EIN 84-0854432

Consulting

$61,675

FOLEY & LARDNER LLP1 year

Filed as: FOLEY & LARDNER

Service code 29 · EIN 39-0473800

Legal

$41,120

BDO USA, LLP2 years

Filed as: BDO

Service code 10 · EIN 13-5381590

Accounting

$38,000

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY CAPITAL MANAGEMENT,

Service code 16 · EIN 11-3658445

Consulting

$20,694

CORNERSTONE BUILDING BRANDS 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORNERSTONE BUILDING BRANDS 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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