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CORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST 401k Plan overview

Plan NameCORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST
Plan identification number 002

CORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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 CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:CORNERSTONE FINANCIAL CREDIT UNION
Employer identification number (EIN):620575774
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01DONNA M. YOUNG2024-07-10 DONNA M. YOUNG2024-07-10
0022022-01-01DONNA M YOUNG2023-07-12 DONNA M YOUNG2023-07-12
0022021-01-01DONNA YOUNG2022-06-28 DONNA YOUNG2022-06-28
0022020-01-01WILLIAM BYRD2021-05-24
0022018-01-01WILLIAM BYRD2019-06-04
0022017-01-01WILLIAM BYRD2018-05-23
0022016-01-01WILLIAM BYRD2017-05-15
0022015-01-01JOE D SPIVEY2016-05-16
0022014-01-01JOE D SPIVEY2015-09-16
0022013-01-01JOE D SPIVEY2014-05-29
0022012-01-01JOE D SPIVEY2013-06-17
0022011-01-01JOE SPIVEY2012-05-04
0022010-01-01JOE SPIVEY2011-07-21

Plan Statistics for CORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST

401k plan membership statisitcs for CORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST

Measure Date Value
2025: CORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST 2025 401k membership
Total number of particpants at beginning of year2025-05-19110
Total number of particpants at end of year2025-05-19100
Number of Participants With Account Balances2025-05-1989
2024: CORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST 2024 401k membership
Total number of particpants at beginning of year2024-07-1094
Total number of particpants at end of year2024-07-1093
Number of Participants With Account Balances2024-07-1086
2022: CORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST 2022 401k membership
Total number of particpants at beginning of year2022-06-2895
Total number of particpants at end of year2022-06-2892
Number of Participants With Account Balances2022-06-2888

Financial Data on CORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST

Measure Date Value
2025 : CORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-19658748
Net assets as of the end of the plan year2025-05-199338266
Total assets as of the beginning of the plan year2025-05-198082522
Value of plan covered by a fidelity bond2025-05-196000000
Participant contributions to plan in this plan year2025-05-19464130
Value of participant loans at end of plan year2025-05-1955575
Other contributions to plan in this plan year2025-05-1913193
Other income to plan in this plan year2025-05-191329521
Plan net income in this plan year2025-05-191255744
Net assets as of the end of the plan year2025-05-199338266
Net assets as of the beginning of the plan year2025-05-198082522
Employer contributions to plan in this plan year2025-05-19107648
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-1921491
2024 : CORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-10422789
Net assets as of the end of the plan year2024-07-108082522
Total assets as of the beginning of the plan year2024-07-106488426
Value of plan covered by a fidelity bond2024-07-106000000
Participant contributions to plan in this plan year2024-07-10454821
Value of participant loans at end of plan year2024-07-1074669
Other contributions to plan in this plan year2024-07-10101555
Other income to plan in this plan year2024-07-101341407
Plan net income in this plan year2024-07-101594096
Net assets as of the end of the plan year2024-07-108082522
Net assets as of the beginning of the plan year2024-07-106488426
Employer contributions to plan in this plan year2024-07-10119102
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-1020955
2022 : CORNERSTONE FINANCIAL CREDIT UNION 401(K) PLAN AND TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-281075649
Net assets as of the end of the plan year2022-06-288482947
Total assets as of the beginning of the plan year2022-06-287828399
Value of plan covered by a fidelity bond2022-06-285000000
Participant contributions to plan in this plan year2022-06-28423755
Value of participant loans at end of plan year2022-06-2862454
Other contributions to plan in this plan year2022-06-2813086
Other income to plan in this plan year2022-06-281187817
Plan net income in this plan year2022-06-28654548
Net assets as of the end of the plan year2022-06-288482947
Net assets as of the beginning of the plan year2022-06-287828399
Employer contributions to plan in this plan year2022-06-28105539
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-2825896

Potentially related plans

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