Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION

Name: CORNERSTONE COMMUNITY DEVELOPM - 403(B) THRIFT PLAN FOR EMPLOYEES OF CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION (2024) Form 5500
Creator: CORNERSTONE COMMUNITY DEVELOPM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION, CORNERSTONE COMMUNITY DEVELOPM

CORNERSTONE COMMUNITY DEVELOPMEIN 94-3100741Plan #001PY 2024

1840 FAIRWAY DR - SAN LEANDRO, CA 945775629510-924-3783

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$367K

+85.3% from 2023

Total participants

+6.9% from 2023

Average account balance

$15,971

-11.4% from 2023

Annual return

42.49%

+9.63 pp from 2023

Benchmarks

See 21,691 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,691 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$367K

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

40.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$91K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+42.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$269

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 codes2G3D2J2T

Plan features

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$6K

$108 / participant

Other / not subdivided$6K100.0%

% of EOY assets

1.682%

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

$15,971

$81,358-80.4%

$155,556-89.7%

$80,959-80.3%

Participation rate

31.6%

66.3%-34.7pp

78.2%-46.6pp

67.7%-36.1pp

Annual return

42.49%

33.39%+9.1pp

64.84%-22.3pp

35.67%+6.8pp

Employer contribution / active EE

$3,106-100.0%

$4,675-100.0%

$2,757-100.0%

Participant deferral / active EE

$1,595

$3,455-53.8%

$5,631-71.7%

$4,300-62.9%

Admin fee / account holder

$269

$7,994-96.6%

$15,885-98.3%

$6,925-96.1%

403(B) THRIFT PLAN FOR EMPLOYEES OF CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION

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