401k Plan data: CORNERSTONE FINANCIAL GROUP 401K PROFIT SHARING PLAN AND TRUST plan

CORNERSTONE FINANCIAL GROUP 401K PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan Name	CORNERSTONE FINANCIAL GROUP 401K PROFIT SHARING PLAN AND TRUST
Plan identification number	001

CORNERSTONE FINANCIAL GROUP 401K PROFIT SHARING PLAN AND TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
Participant-directed brokerage accounts provided as an investment option under the plan.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan covering Self-Employed individuals.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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): 721123412

NAIC Classification: 523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORNERSTONE FINANCIAL GROUP 401K PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01 MR. DAVID ROMAGOSA 2020-10-15
001 2018-01-01 MR. DAVID ROMAGOSA 2019-10-10
001 2018-01-01 MR. DAVID ROMAGOSA 2020-10-15
001 2017-01-01 MR. DAVID ROMAGOSA 2018-09-04
001 2016-01-01
001 2015-01-01
001 2014-01-01 DAVID ROMAGOSA 2015-10-01 DAVID ROMAGOSA 2015-10-01
001 2013-01-01 DAVID ROMAGOSA 2014-09-29 DAVID ROMAGOSA 2014-09-29
001 2012-01-01 DAVID ROMAGOSA 2013-05-14
001 2011-01-01 DAVID ROMAGOSA 2012-04-10 DAVID ROMAGOSA 2012-04-10
001 2010-01-01 DAVID ROMAGOSA 2011-05-03 DAVID ROMAGOSA 2011-05-03

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01	MR. DAVID ROMAGOSA	2020-10-15
001	2018-01-01	MR. DAVID ROMAGOSA	2019-10-10
001	2018-01-01	MR. DAVID ROMAGOSA	2020-10-15
001	2017-01-01	MR. DAVID ROMAGOSA	2018-09-04
001	2016-01-01
001	2015-01-01
001	2014-01-01	DAVID ROMAGOSA	2015-10-01	DAVID ROMAGOSA	2015-10-01
001	2013-01-01	DAVID ROMAGOSA	2014-09-29	DAVID ROMAGOSA	2014-09-29
001	2012-01-01	DAVID ROMAGOSA	2013-05-14
001	2011-01-01	DAVID ROMAGOSA	2012-04-10	DAVID ROMAGOSA	2012-04-10
001	2010-01-01	DAVID ROMAGOSA	2011-05-03	DAVID ROMAGOSA	2011-05-03

Plan Statistics for CORNERSTONE FINANCIAL GROUP 401K PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for CORNERSTONE FINANCIAL GROUP 401K PROFIT SHARING PLAN AND TRUST

Measure Date Value
2022: CORNERSTONE FINANCIAL GROUP 401K PROFIT SHARING PLAN AND TRUST 2022 401k membership
Total number of particpants at beginning of year 2022-10-12 12
Total number of particpants at end of year 2022-10-12 13
Number of Participants With Account Balances 2022-10-12 13

Measure	Date	Value
2022: CORNERSTONE FINANCIAL GROUP 401K PROFIT SHARING PLAN AND TRUST 2022 401k membership
Total number of particpants at beginning of year	2022-10-12	12
Total number of particpants at end of year	2022-10-12	13
Number of Participants With Account Balances	2022-10-12	13

Financial Data on CORNERSTONE FINANCIAL GROUP 401K PROFIT SHARING PLAN AND TRUST

Measure	Date	Value
2022 : CORNERSTONE FINANCIAL GROUP 401K PROFIT SHARING PLAN AND TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year	2022-10-12	30821
Net assets as of the end of the plan year	2022-10-12	1447676
Total assets as of the beginning of the plan year	2022-10-12	1214410
Value of plan covered by a fidelity bond	2022-10-12	79000
Participant contributions to plan in this plan year	2022-10-12	79123
Other income to plan in this plan year	2022-10-12	156402
Plan net income in this plan year	2022-10-12	233266
Net assets as of the end of the plan year	2022-10-12	1447676
Net assets as of the beginning of the plan year	2022-10-12	1214410
Value of contributions failed to transmitted timely	2022-10-12	1165
Employer contributions to plan in this plan year	2022-10-12	28562
Expensese paid to adminstrative service provicers from plan in this plan year	2022-10-12	658

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Company Name:	CORNERSTONE FINANCIAL GROUP, INC.
Employer identification number (EIN):	721123412
NAIC Classification:	523900