Plan Ledger DOL Form 5500 · updated monthly

Cornerstone Biopharma, Inc.401(k)

CHIESI USA, INC. 401(K) RETIREMENT PLAN · CARY, NC · plan year 2024

Reported admin expense ratio · 2024
0.32%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Cornerstone Biopharma, Inc. reported $232,311 in plan administrative expenses for 2024: 0.32% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,232 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.34% to 0.32%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 232nd-largest of 2,005 plans among North Carolina employers on file, and the 494th of 4,246 in wholesale trade. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has grown from 356 to 496 since 2022.

Plan summary
Net assets, end of year$85,466,790
Participants with balances552
Active participants496
Employer contributions$4,083,178
Employee contributions$8,020,311
Employer contribution per active participant$8,232
Average account balance$154,831
Benefits paid to participants$14,519,620
Plan auditUnmodified (clean) audit opinion
AuditorROMEO, WIGGINS & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$85.5M · 552 accts · $4.1M emplr
2023$58.9M · 470 accts · $3.0M emplr
2022$46.5M · 472 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Investment management$38,680
Total administrative$232,311
The Cornerstone Biopharma, Inc. 401(k) match · 2024
Employer contribution per active participant$8,232
Median for plans this size$3,635
2024$8,232 per active participant
2023$7,768 per active participant
2022$7,671 per active participant

Cornerstone Biopharma, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PATRIOT BENEFIT SOLUTIONS INSURANCE$193,631
EMPOWER ADVISORY GROUP, LLC · Investment management$38,680

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$232,311 · 0.32%
2023$162,946 · 0.31%
2022$170,335 · 0.34%
Same employer
Similar plansWholesale Trade · North Carolina
Cook & Boardman Group, LLC NC$120.1M · 0.25%
ARC3 Gases, Inc. NC$77.2M · 0.08%
Baker & Taylor, LLC NC$73.1M · 0.10%
Liggett Vector Brands LLC NC$72.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201008797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.