Logo

CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS 401k Plan overview

Plan NameCORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS
Plan identification number 001

CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS 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.
  • 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.
  • Stock bonus
  • 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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 BANCSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name:CORNERSTONE BANCSHARES, INC.
Employer identification number (EIN):571172074
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01LIN HSIEH2021-09-07
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012015-01-01 ADAM STOVALL2016-10-14
0012014-01-01PAMELA MENCER
0012014-01-01ADAM STOVALL ADAM STOVALL2016-10-14
0012013-01-01ADAM STOVALL ADAM STOVALL2016-10-14
0012012-01-01FRANK H. ROACH FRANK H. ROACH2013-07-16

Financial Data on CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS

Measure Date Value
2022 : CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS 2022 401k financial data
Total expenses incurred by plan in this plan year2022-08-24979407
Net assets as of the end of the plan year2022-08-240
Total assets as of the beginning of the plan year2022-08-241061945
Value of plan covered by a fidelity bond2022-08-24500000
Other contributions to plan in this plan year2022-08-24-82538
Plan net income in this plan year2022-08-24-1061945
Net assets as of the end of the plan year2022-08-240
Net assets as of the beginning of the plan year2022-08-241061945
2015 : CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$17,664
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$10,099
Total income from all sources (including contributions)2015-12-31$125,678
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$366,566
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$366,566
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$137,486
Value of total assets at end of year2015-12-31$1,061,800
Value of total assets at beginning of year2015-12-31$1,295,123
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$0
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$3,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$137,486
Participant contributions at end of year2015-12-31$0
Participant contributions at beginning of year2015-12-31$4,967
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-240,888
Value of net assets at end of year (total assets less liabilities)2015-12-31$1,044,136
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$1,285,024
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$1,061,800
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$1,290,156
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-11,808
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$0
Assets. Invements in employer securities at beginning of year2015-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$366,566
Liabilities. Value of benefit claims payable at end of year2015-12-31$17,664
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$10,099
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31MAULDIN & JENKINS, LLC
Accountancy firm EIN2015-12-31580692043
2014 : CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$10,099
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$13,961
Total income from all sources (including contributions)2014-12-31$325,171
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$377,705
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$377,705
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$255,026
Value of total assets at end of year2014-12-31$1,295,123
Value of total assets at beginning of year2014-12-31$1,351,519
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$0
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Total plan liabilities at end of year2014-12-31$10,099
Total plan liabilities at beginning of year2014-12-31$13,961
Total income from all sources2014-12-31$321,144
Expenses. Total of all expenses incurred2014-12-31$377,706
Benefits paid (including direct rollovers)2014-12-31$377,706
Total plan assets at end of year2014-12-31$1,291,096
Total plan assets at beginning of year2014-12-31$1,351,520
Value of fidelity bond covering the plan2014-12-31$3,000,000
Total contributions received or receivable from participants2014-12-31$250,999
Other income received2014-12-31$70,145
Net income (gross income less expenses)2014-12-31$-56,562
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,280,997
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,337,559
Assets. Value of employer securities2014-12-31$0
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$3,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$255,026
Participant contributions at end of year2014-12-31$4,967
Participant contributions at beginning of year2014-12-31$0
Liabilities. Value of operating payables at end of year2014-12-31$10,099
Liabilities. Value of operating payables at beginning of year2014-12-31$13,961
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-52,534
Value of net assets at end of year (total assets less liabilities)2014-12-31$1,285,024
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,337,558
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$1,290,156
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$1,351,130
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$389
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$389
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$70,145
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$0
Assets. Invements in employer securities at beginning of year2014-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$377,705
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31MAULDIN & JENKINS, LLC
Accountancy firm EIN2014-12-31580692043
2013 : CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS 2013 401k financial data
Total plan liabilities at end of year2013-12-31$13,961
Total plan liabilities at beginning of year2013-12-31$6,430
Total income from all sources2013-12-31$427,194
Expenses. Total of all expenses incurred2013-12-31$326,519
Benefits paid (including direct rollovers)2013-12-31$326,519
Total plan assets at end of year2013-12-31$1,351,520
Total plan assets at beginning of year2013-12-31$1,243,314
Value of fidelity bond covering the plan2013-12-31$3,000,000
Total contributions received or receivable from participants2013-12-31$248,080
Other income received2013-12-31$178,725
Net income (gross income less expenses)2013-12-31$100,675
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,337,559
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,236,884
Assets. Value of employer securities2013-12-31$0
Total contributions received or receivable from employer(s)2013-12-31$389
2012 : CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS 2012 401k financial data
Total plan liabilities at end of year2012-12-31$6,430
Total plan liabilities at beginning of year2012-12-31$123
Total income from all sources2012-12-31$287,574
Expenses. Total of all expenses incurred2012-12-31$129,376
Benefits paid (including direct rollovers)2012-12-31$116,926
Total plan assets at end of year2012-12-31$1,243,314
Total plan assets at beginning of year2012-12-31$1,078,809
Value of fidelity bond covering the plan2012-12-31$3,000,000
Total contributions received or receivable from participants2012-12-31$248,132
Other income received2012-12-31$36,068
Net income (gross income less expenses)2012-12-31$158,198
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,236,884
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,078,686
Assets. Value of employer securities2012-12-31$35,992
Total contributions received or receivable from employer(s)2012-12-31$3,374
Value of corrective distributions2012-12-31$12,450

Form 5500 Responses for CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS

2015: CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedYes
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: CORNERSTONE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN W/ 401(K) PROVISIONS 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1