ESOP · DOL Form 5500 · 2023

Cornerstone Systems, Inc. ESOP

Data updated 2026-08-25

$44M
Total assets Below avg plan size
157
Participants Small participant base
84th
Percentile by assets National rank
$279,508
Avg per participant High balance/head
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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.

  • #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.

#2,778
in Transportation & Warehousing (3,362 peers)
-11.5%
assets change YoY
0.4×
vs typical plan assets (national mean)

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.

Cornerstone Systems, Inc. Employee Stock Ownership Plan's outsized position 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

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

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 among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cornerstone Systems, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (157 participants).

What changed between DOL Form 5500 filings

plan year 2022 → 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 →

Published 5500 schedule card

Filing strip 621686354 · Cornerstone Systems, Inc. PY 2023 · ESOP

Cornerstone Systems, Inc. Employee Stock Ownership Plan · $44M · 157 · 84th

  • PART $44M
  • TYPE 157
  • NET 84th
  • BOOK ESOP
  • VS-ST near Onin Holdings, Inc. Employee Stock Ownership Plan
  • BOY ind #2778

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Tennessee →

Cornerstone Systems, Inc. Employee Stock Ownership Plan in the asset neighbourhood

The Berlin Steel Construction Company Employee Stock Ownership PlanThe Berlin Steel Constructio…$44MOnin Holdings, Inc. Employee Stock Ownership PlanOnin Holdings, Inc. Employee…$44MCornerstone Systems, Inc. Employee Stock Ownership PlanCornerstone Systems, Inc. Em…$44MDenbow Company ESOP$44MConservit, Inc. Employee Stock Ownership PlanConservit, Inc. Employee Sto…$44M
End-of-year total assets ($M) among Cornerstone Systems, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$50M
Net Assets (End of Year)$26M
Net Income-$5M
Employer EIN621686354
Plan Effective Date2012-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Cornerstone Systems, Inc.)

Sponsor-wide plan assets over time

All Cornerstone Systems, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$63M 0.13807426128258934% vs 2022
2024 filing year
$59M$60M$61M$62M$63M 202220232024 $62.7M $62.6M ▼ -0.1%
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 Scatter plot of 6 data points. 0500100015002000 0100200300400500 Total assets ($M) Participants Cornerstone Systems, Inc. Employee Stock Ownership Plan, Total assets ($M): 43.882807 · Participants: 157Cornerstone Systems, Inc. Employee Stock Ownership PlanBarr Brands International Amended and Restated Employee Stock Ownership Plan, Total assets ($M): 426.710102 · Participants: 401Barr Brands International Amended and Restated Employee Stock Ownership PlanZander Group Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 221.11771 · Participants: 190Zander Group Holdings, Inc. Employee Stock Ownership PlanNational Health Corp Leveraged Employee Stock Ownership Plan, Total assets ($M): 144.306423 · Participants: 1470National Health Corp Leveraged Employee Stock Ownership Plan3ls, Inc. Employee Stock Ownership Plan, Total assets ($M): 133.506002 · Participants: 4243ls, Inc. Employee Stock Ownership PlanSmith Seckman Reid, Inc. Employee Stock Ownership Plan, Total assets ($M): 99.459001 · Participants: 483Smith Seckman Reid, Inc. Employee Stock Ownership Plan
Cornerstone Systems, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Tennessee, assets vs. participants
Compare Cornerstone Systems, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Cornerstone Systems, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Tennessee, the nearest ESOP by assets is Onin Holdings, Inc. Employee Stock Ownership Plan in ($44M); by covered participants it is Warwick Plumbing and Heating Corporation Employee Stock Ownership Plan in VA (157 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which ESOP plans cover a similar participant headcount to Cornerstone Systems, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Warwick Plumbing and Heating Corporation Employee Stock Ownership Plan in VA (157 participants, $4M in assets).

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.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.