Plan Ledger DOL Form 5500 · updated monthly

Cornerstone Labor Services, Inc401(k)

CORNERSTONE LABOR SERVICES UNION 401(K) PLAN · ASHLAND, VA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Cornerstone Labor Services, Inc reported $7,169 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $6,952 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 rose from 0.22% to 0.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Virginia (1,964th of 2,266), and 2,564th of 3,341 in other services. In 2024, the employer put in $2.46 for every $1.00 employees contributed themselves; active participation has grown from 100 to 124 since 2022.

Plan summary
Net assets, end of year$3,458,783
Participants with balances136
Active participants124
Employer contributions$862,006
Employee contributions$350,040
Employer contribution per active participant$6,952
Average account balance$25,432
Benefits paid to participants$931,606
Plan auditUnmodified (clean) audit opinion
AuditorHANSEN SMITH CONE & ROBERTELLO
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 136 accts · $862K emplr
2023$2.8M · 118 accts · $771K emplr
2022$2.0M · 113 accts · $692K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,169
Total administrative$7,169
The Cornerstone Labor Services, Inc 401(k) match · 2024
Employer contribution per active participant$6,952
Median for plans this size$1,313
2024$6,952 per active participant
2023$7,270 per active participant
2022$6,922 per active participant

Cornerstone Labor Services, Inc's 2024 employer contribution ran above the $1,313 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 · 20241
ADP, INC. · Recordkeeping$7,168

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$7,169 · 0.23%
2023$4,747 · 0.20%
2022$3,998 · 0.22%
Similar plansOther Services · Virginia
The Covenant School VA$4.7M · 0.72%
Seton Home Study School VA$3.8M · 0.23%
Portco, Inc. VA$3.0M · 1.15%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 814931549 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.