Department of Labor filing

CORNERSTONE BANK

CORNERSTONE BANK 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 15, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

76filing comparison
out of 100

The filing signals stronger employer support and/or lower plan-paid administrative costs than many comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$8,650

Reported employer contributions per active participant.

Higher than about 96% of comparable plans

#People in the filing

174

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$277 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 28% of comparable plans

↗Investment performance

Not available

Plan assets changed 13.3%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202476out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions96th percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense28th percentileTypical peer $184 · based on 1,443 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, CORNERSTONE BANK reported $1,505,107 in employer contributions across the plan and 174 active participants. That works out to $8,650 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy75%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 10.1%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 10.3%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context76/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $1,505,107
Participant contributions: $1,197,709
Other contributions: $59,206
Employer share of reported contributions: 55.7%
Beginning assets: $29,481,507
Ending assets: $33,397,543
Ending net assets: $33,397,543
Ending liabilities: $0
Total income: $6,707,993
Total expenses: $2,791,957
Administrative expenses: $64,774
Participant loans: $320,683

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$9,617

2023

$8,860

2024

$8,650

Plan-paid administrative expenses per participant

2022

$308

2023

$233

2024

$277

Active participants

2022

158

2023

174

2024

174

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$8,650	174	33.4M	20251015101059NAL0008677010001
2023	$8,860	174	29.5M	20241004101519NAL0012089345001
2022	$9,617	158	23.8M	20231014145359NAL0023189331001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.0%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 041856390-004

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1995
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2J2K2F2G3D2T2S

Current plan terms

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Filing ACK_ID20251015101059NAL0008677010001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗