ESOP · DOL Form 5500 · 2023

Cornerstone Systems, Inc. ESOP

Data updated 2026-08-11

$44M
Total assets: 157
Participants: 84th
Percentile by assets: $279,508
Avg per participant

Official DOL plan name: Cornerstone Systems, Inc. Employee Stock Ownership Plan · Sponsored by Cornerstone Systems, Inc. · Tennessee · Transportation & Warehousing

$44M in assets, 157 participants

Cornerstone Systems, Inc.'s Cornerstone Systems, Inc. Employee Stock Ownership Plan reported $44M in total assets and 157 participants in its 2023 DOL Form 5500 filing, ranking in the 84th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

84th percentile by assets (of 127,072 plans)
#2,778 in Transportation & Warehousing (3,362 peers)

Coverage in Tennessee

Cornerstone Systems, Inc. Employee Stock Ownership Plan covers 157 participants in Tennessee, about 14% of the average Tennessee filer (state average ~1,126 per filing). Assets: $44M.

$44M
total plan assets (2023 EOY): 157
covered participants: 84th
percentile by assets (of 127,072 plans): $279,508
avg assets per participant

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Cornerstone Systems, Inc. Employee Stock Ownership Plan sits by total assets

Cornerstone Systems, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$43,882,807 Top 16% higher than 84% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Cornerstone Systems, Inc. Employee Stock Ownership Plan reported net income fell from $14M in the plan year 2022 filing to -$5M in the plan year 2023 filing.
Cornerstone Systems, Inc. Employee Stock Ownership Plan end-of-year assets fell from $50M in the plan year 2022 filing to $44M in the plan year 2023 filing.
Cornerstone Systems, Inc. Employee Stock Ownership Plan reported participants fell from 171 in the plan year 2022 filing to 157 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Tennessee

Industry

Transportation & Warehousing

Participants vs Tennessee filers

In Tennessee, the average filing covers about 1,126 participants across 2,384 plans. Cornerstone Systems, Inc. Employee Stock Ownership Plan reports 157 participants - about 14% of that state average ($44M EOY assets).

Tennessee filing particulars

Total Assets (Beginning of Year)	$50M
Net Assets (End of Year)	$26M
Net Income	-$5M
Employer EIN	621686354
Plan Effective Date	2012-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Cornerstone Systems, Inc.)

Total plan assets by year, all Cornerstone Systems, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	347	$63M
2023	2	326	$60M
2024	2	340	$63M

Nearby ESOP Plans in Tennessee

Peer ESOP plans, same state, same plan type, ranked by total assets.

Cornerstone Systems, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Tennessee, assets vs. participants

Barr Brands International Amended and Restated Employee Stock Ownership Plan $427M · 401
Zander Group Holdings, Inc. Employee Stock Ownership Plan $221M · 190
National Health Corp Leveraged Employee Stock Ownership Plan $144M · 1,470
3ls, Inc. Employee Stock Ownership Plan $134M · 424
Smith Seckman Reid, Inc. Employee Stock Ownership Plan $99M · 483

Compare Cornerstone Systems, Inc. Employee Stock… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Cornerstone Systems, Inc. Employee Stock Ownership Plan by total assets, not by location.

Onin Holdings, Inc. Employee Stock Ownership Plan () $44M · 384
Denbow Company ESOP (TX) $44M · 191
Conservit, Inc. Employee Stock Ownership Plan (MD) $44M · 90
The Berlin Steel Construction Company Employee Stock Ownership Plan (CT) $44M · 129

Frequently Asked Questions

How did Cornerstone Systems, Inc. Employee Stock Ownership Plan assets move in 2023? ▼

Cornerstone Systems, Inc. Employee Stock Ownership Plan pulled back noticeably - down 11.5% during 2023, from $50M to $44M. Reported net income was -$5M.

How have Cornerstone Systems, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Cornerstone Systems, Inc.'s sponsor-wide assets declined 0.1%, from $63M to $63M.

Where does Cornerstone Systems, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

Cornerstone Systems, Inc. Employee Stock Ownership Plan ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).

Which ESOP plans are similar in size to Cornerstone Systems, Inc. Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Onin Holdings, Inc. Employee Stock Ownership Plan in ($44M, 384 participants).

Next read for Cornerstone Systems, Inc. Employee Stock…

Filing takeaways

Ways to act on Cornerstone Systems, Inc. Employee Stock Ownership Plan's numbers.

By total assets, Cornerstone Systems, Inc. Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Tennessee. Compare plans
Cornerstone Systems, Inc.'s sponsor-wide assets have declined 0.1% since 2022 across 3 plan years on file. More Transportation & Warehousing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 621686354.