Retirement plan

CORNERSTONE LABOR SERVICES UNION 401(K) PLAN

Name: CORNERSTONE LABOR SERVICES, INC - CORNERSTONE LABOR SERVICES UNION 401(K) PLAN (2022) Form 5500
Creator: CORNERSTONE LABOR SERVICES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORNERSTONE LABOR SERVICES UNION 401(K) PLAN, CORNERSTONE LABOR SERVICES, INC

CORNERSTONE LABOR SERVICES, INCEIN 81-4931549Plan #002PY 2022

PO BOX 1675 - ASHLAND, VA 23005804-883-6528cyservices.infoLinkedIn11-50 employeesmental health care

Other plans on this EIN

1 filing

#001Retirement-$600K assets

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$2M

+17.0% from 2021

Total participants

113

+1.8% from 2021

Average account balance

$17,636

+14.9% from 2021

Annual return

-19.00%

-34.22 pp from 2021

Benchmarks

See 1,743 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,743 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.46M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

136

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53

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 1 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$3,997

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$40 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.201%

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: HANSEN, SMITH, CONE & ROBERTELLO
Auditor EIN: 541583103
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,636

$51,226-65.6%

$82,706-78.7%

$66,930-73.6%

Participation rate

100.0%

67.9%+32.1pp

72.6%+27.4pp

69.8%+30.2pp

Annual return

-19.00%

-9.61%-9.4pp

701.76%-720.8pp

1.57%-20.6pp

Employer contribution / active EE

$6,922

$2,612+165.0%

$3,007+130.2%

$2,545+172.0%

Participant deferral / active EE

$3,553

$3,460+2.7%

$4,394-19.1%

$4,238-16.2%

Admin fee / account holder

$35

$416-91.5%

$5,329-99.3%

$593-94.0%

Provider

Service type

Compensation

ADP BROKER-DEALER1 year

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$3,997

CORNERSTONE LABOR SERVICES UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORNERSTONE LABOR SERVICES UNION 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