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CORNERSTONE FINANCIAL GROUP, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameCORNERSTONE FINANCIAL GROUP, INC. CASH BALANCE PLAN
Plan identification number 002

CORNERSTONE FINANCIAL GROUP, INC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

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, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01MR. DAVID ROMAGOSA2020-10-15
0022018-01-01MR. DAVID ROMAGOSA2019-10-10

Financial Data on CORNERSTONE FINANCIAL GROUP, INC. CASH BALANCE PLAN

Measure Date Value
2024 : CORNERSTONE FINANCIAL GROUP, INC. CASH BALANCE PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-18281699
Net assets as of the end of the plan year2024-07-180
Total assets as of the beginning of the plan year2024-07-18243900
Other income to plan in this plan year2024-07-1812399
Plan net income in this plan year2024-07-18-243900
Net assets as of the end of the plan year2024-07-180
Net assets as of the beginning of the plan year2024-07-18243900
Employer contributions to plan in this plan year2024-07-1825400
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-182349
2022 : CORNERSTONE FINANCIAL GROUP, INC. CASH BALANCE PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-1212871
Net assets as of the end of the plan year2022-10-12252854
Total assets as of the beginning of the plan year2022-10-12205321
Other income to plan in this plan year2022-10-1216404
Plan net income in this plan year2022-10-1247533
Net assets as of the end of the plan year2022-10-12252854
Net assets as of the beginning of the plan year2022-10-12205321
Employer contributions to plan in this plan year2022-10-1244000
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-121170

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