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Cornerstone Management Partners, L.L.C.

Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Cornerstone Management Partners, L.L.C.

56
Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Overview

Plan Rating

BrightScope Rating
56
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (21)
Average in Peer Group (59)
Highest in Peer Group (91)

Plan Description

Cornerstone Management Partners, L.L.C. 401k is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 56. This plan is in the top 15% of plans for Salary Deferral. Cornerstone Management Partners, L.L.C. 401k currently has over 300 active participants and over $2.6M in plan assets.

Did you know?

For the average 401k participant, the 35 point difference between this plan's BrightScope Rating (56) and the top rated plan (91) could equate to:
19
Additional years of work
219,404
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 15 Kenneth Miner Drive
  • Location
    Wrentham , MA
    • 02093-1167
  • Industry
    Administrative and Support and Waste Management and Remediation Services
  • Net Plan Assets
    $2,590,000
  • Total Participants
    330
  • Avg Account Balance
    $28,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Poor

Performance

Participation Rate:
Poor
Salary Deferrals:
Great
Account Balance:
Below Avg.

Design

Total Plan Cost:
Low Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Poor
Salary Deferrals:
Great
Account Balance:
Average

Peer Group Plans

Company Rating
Contract Professionals 54.7
Latitude 36 53.3
StaffScapes 49.9
Permastaff Personnel Systems 48.4
Career Strategies 48.2
The Resource Company 46.2

Top Industry Articles

Compliance
Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

December 28, 2020
exclusives
Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others.
February 19, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Data & Research
Many Near-Retirees Don't Understand Social Security Benefits

More than one-third failed a basic Social Security quiz administered by MassMutual.

April 7, 2021
exclusives
Once They Catch On, PEPs Could Grow Exponentially
The current hesitancy over how they will take shape will be overcome by appreciation among advisers and sponsors alike at the prospect of expanding retirement coverage, sources say.
April 16, 2021

Investments

Investment Menu Stats

# of Investment Options

24

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
American Funds American Balanced 10%
21%
Federated Capital Preservation Fund 10%
N/A
American Funds Capital Income Builder 10%
89%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan
for Asset Managers

Providers

Plan Service Provider

SERVICE PROVIDER
Auditor
Gosule,Butkus& Jesson, LLP

Articles and Questions

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Popular Questions

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