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CORNERSTONE WEALTH, LLC 401(K) PLAN 401k Plan overview

Plan NameCORNERSTONE WEALTH, LLC 401(K) PLAN
Plan identification number 001

CORNERSTONE WEALTH, LLC 401(K) PLAN Benefits

401k Plan TypeDefined 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.
  • 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 WEALTH, LLC has sponsored the creation of one or more 401k plans.

Company Name:CORNERSTONE WEALTH, LLC
Employer identification number (EIN):843634133
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORNERSTONE WEALTH, LLC 401(K) 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
0012021-01-01
0012020-01-01BRIAN CLICK2021-04-20

Financial Data on CORNERSTONE WEALTH, LLC 401(K) PLAN

Measure Date Value
2025 : CORNERSTONE WEALTH, LLC 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-025000
Net assets as of the end of the plan year2025-10-02471482
Total assets as of the beginning of the plan year2025-10-02281831
Value of plan covered by a fidelity bond2025-10-0250000
Participant contributions to plan in this plan year2025-10-0251612
Other expenses paid from plan in this plan year2025-10-020
Other contributions to plan in this plan year2025-10-020
Other income to plan in this plan year2025-10-0284001
Plan net income in this plan year2025-10-02189651
Net assets as of the end of the plan year2025-10-02471482
Net assets as of the beginning of the plan year2025-10-02281831
Employer contributions to plan in this plan year2025-10-0259038
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-020
2024 : CORNERSTONE WEALTH, LLC 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-119795
Net assets as of the end of the plan year2024-10-11281831
Total assets as of the beginning of the plan year2024-10-11172572
Value of plan covered by a fidelity bond2024-10-1150000
Participant contributions to plan in this plan year2024-10-1136469
Other income to plan in this plan year2024-10-1144398
Plan net income in this plan year2024-10-11109259
Net assets as of the end of the plan year2024-10-11281831
Net assets as of the beginning of the plan year2024-10-11172572
Employer contributions to plan in this plan year2024-10-1138187
2023 : CORNERSTONE WEALTH, LLC 401(K) PLAN 2023 401k financial data
Total expenses incurred by plan in this plan year2023-08-31427
Net assets as of the end of the plan year2023-08-31146086
Total assets as of the beginning of the plan year2023-08-3196184
Value of plan covered by a fidelity bond2023-08-3110000
Participant contributions to plan in this plan year2023-08-3127200
Other contributions to plan in this plan year2023-08-3110065
Other income to plan in this plan year2023-08-316341
Plan net income in this plan year2023-08-3149902
Net assets as of the end of the plan year2023-08-31146086
Net assets as of the beginning of the plan year2023-08-3196184
Employer contributions to plan in this plan year2023-08-316723
Expensese paid to adminstrative service provicers from plan in this plan year2023-08-31427

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