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 (2023) 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 2023

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

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$198K

+93.8% from 2022

Total participants

-1.7% from 2022

Average account balance

$18,025

+58.6% from 2022

Annual return

32.86%

+77.56 pp from 2022

Benchmarks

See 20,797 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,797 peers

Snapshot2023

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

$2K

$27 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.774%

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

$18,025

$77,920-76.9%

$149,723-88.0%

$75,177-76.0%

Participation rate

16.1%

65.6%-49.5pp

78.8%-62.7pp

67.2%-51.1pp

Annual return

32.86%

31.72%+1.1pp

134.50%-101.6pp

160.75%-127.9pp

Employer contribution / active EE

$3,138-100.0%

$4,821-100.0%

$2,671-100.0%

Participant deferral / active EE

$1,140

$3,411-66.6%

$5,682-79.9%

$4,126-72.4%

Admin fee / account holder

$139

$5,951-97.7%

$13,215-98.9%

$5,651-97.5%

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