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CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameCORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN
Plan identification number 001

CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • 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 contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

CORNERSTONE FINANCIAL GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:CORNERSTONE FINANCIAL GROUP, INC.
Employer identification number (EIN):222542068
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01JOHN BURY2015-09-17
0012013-01-01
0012012-01-01JOHN BURY2013-01-24
0012011-01-01JOHN BURY2012-01-12
0012009-01-01JAN SEDLACEK

Plan Statistics for CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN

Measure Date Value
2025: CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-01-136
Total number of particpants at end of year2025-01-136
Number of Participants With Account Balances2025-01-136
2024: CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-296
Total number of particpants at end of year2024-07-296
Number of Participants With Account Balances2024-07-296
2022: CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-07-076
Total number of particpants at end of year2022-07-076
Number of Participants With Account Balances2022-07-076
2009: CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-016
Total number of active participants reported on line 7a of the Form 55002009-01-015
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-015
Number of participants with account balances2009-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN

Measure Date Value
2025 : CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-01-130
Total liabilities as of the end of the plan year2025-01-130
Total liabilities as of the beginning of the plan year2025-01-130
Total expenses incurred by plan in this plan year2025-01-130
Net assets as of the end of the plan year2025-01-132151504
Total assets as of the beginning of the plan year2025-01-131777782
Value of plan covered by a fidelity bond2025-01-1320000
Participant contributions to plan in this plan year2025-01-13120000
Other expenses paid from plan in this plan year2025-01-130
Other contributions to plan in this plan year2025-01-130
Other income to plan in this plan year2025-01-13243722
Plan net income in this plan year2025-01-13373722
Net assets as of the end of the plan year2025-01-132151504
Net assets as of the beginning of the plan year2025-01-131777782
Employer contributions to plan in this plan year2025-01-1310000
Expensese paid to adminstrative service provicers from plan in this plan year2025-01-130
2024 : CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-07-290
Total liabilities as of the beginning of the plan year2024-07-290
Total expenses incurred by plan in this plan year2024-07-2994586
Net assets as of the end of the plan year2024-07-291777782
Total assets as of the beginning of the plan year2024-07-291518877
Value of plan covered by a fidelity bond2024-07-2920000
Participant contributions to plan in this plan year2024-07-29120000
Other expenses paid from plan in this plan year2024-07-290
Other contributions to plan in this plan year2024-07-290
Other income to plan in this plan year2024-07-29223491
Plan net income in this plan year2024-07-29258905
Net assets as of the end of the plan year2024-07-291777782
Net assets as of the beginning of the plan year2024-07-291518877
Employer contributions to plan in this plan year2024-07-2910000
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-290
2022 : CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-070
Total liabilities as of the end of the plan year2022-07-070
Total liabilities as of the beginning of the plan year2022-07-070
Total expenses incurred by plan in this plan year2022-07-07121
Net assets as of the end of the plan year2022-07-071656872
Total assets as of the beginning of the plan year2022-07-071344677
Value of plan covered by a fidelity bond2022-07-0720000
Participant contributions to plan in this plan year2022-07-07104000
Other expenses paid from plan in this plan year2022-07-070
Other contributions to plan in this plan year2022-07-070
Other income to plan in this plan year2022-07-07178316
Plan net income in this plan year2022-07-07312195
Net assets as of the end of the plan year2022-07-071656872
Net assets as of the beginning of the plan year2022-07-071344677
Employer contributions to plan in this plan year2022-07-0730000
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-070
2010 : CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$80,578
Expenses. Total of all expenses incurred2010-12-31$18,349
Benefits paid (including direct rollovers)2010-12-31$18,349
Total plan assets at end of year2010-12-31$356,091
Total plan assets at beginning of year2010-12-31$293,862
Value of fidelity bond covering the plan2010-12-31$20,000
Total contributions received or receivable from participants2010-12-31$36,400
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$44,178
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$62,229
Net plan assets at end of year (total assets less liabilities)2010-12-31$356,091
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$293,862
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN

2009: CORNERSTONE FINANCIAL GROUP, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PENN MUTUAL LIFE INSURANCE CO (National Association of Insurance Commissioners NAIC id number: 67644 )
Policy contract number5617
Policy instance 1

Potentially related plans

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