401(k) · DOL Form 5500 · 2024
Cornerstone Bank 401(k) Plan
Data updated 2026-08-11
- $27M
- Total assets
- 204
- Participants
- 75th
- Percentile by assets
- $130,935
- Avg per participant
Official DOL plan name: Cornerstone Bank 401(k) Plan · Sponsored by Cornerstone Bank · North Dakota · Finance & Insurance
$27M in assets, 204 participants
Cornerstone Bank's Cornerstone Bank 401(k) Plan reported $27M in total assets and 204 participants in its 2024 DOL Form 5500 filing, ranking in the 75th 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.
- 75th percentile by assets (of 123,622 plans)
- #5,314 in Finance & Insurance (8,549 peers)
Coverage in North Dakota
Cornerstone Bank 401(k) Plan covers 204 participants in North Dakota, about 40% of the average North Dakota filer (state average ~504 per filing). Assets: $27M.
- $27M
- total plan assets (2024 EOY)
- 204
- covered participants
- 75th
- percentile by assets (of 123,622 plans)
- $130,935
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Cornerstone Bank 401(k) Plan end-of-year assets rose from $23M in the plan year 2023 filing to $27M in the plan year 2024 filing.
- Cornerstone Bank 401(k) Plan reported net income fell from $4M in the plan year 2023 filing to $4M in the plan year 2024 filing.
- Cornerstone Bank 401(k) Plan reported participants rose from 196 in the plan year 2023 filing to 204 in the plan year 2024 filing.
Participants vs North Dakota filers
In North Dakota, the average filing covers about 504 participants across 359 plans. Cornerstone Bank 401(k) Plan reports 204 participants - about 40% of that state average ($27M EOY assets).
North Dakota filing particulars
| Total Assets (Beginning of Year) | $23M |
|---|---|
| Net Assets (End of Year) | $27M |
| Net Income | $4M |
| Employer EIN | 450117720 |
| Plan Effective Date | 1994-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Cornerstone Bank)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 181 | $19M |
| 2023 | 1 | 196 | $23M |
| 2024 | 1 | 204 | $27M |
Nearby 401(k) Plans in North Dakota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Cornerstone Bank 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
- Sanford Retirement Savings Plan $3.6B · 31,958
- Knife River Corporation 401(k) Retirement Plan $856M · 5,327
- Mdu Resources Group, Inc. 401(k) Retirement Plan $776M · 3,465
- Eide Bailly LLP 401(k) Profit Sharing Plan $615M · 2,920
- Offutt Companies 401(k) Savings Plan $592M · 5,199
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Cornerstone Bank 401(k) Plan by total assets, not by location.
Frequently Asked Questions
How did Cornerstone Bank 401(k) Plan assets move in 2024? ▼
How have Cornerstone Bank plan assets changed over time? ▼
Where does Cornerstone Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Cornerstone Bank 401(k) Plan? ▼
Next read for Cornerstone Bank 401(k) Plan
Filing takeaways
Ways to act on Cornerstone Bank 401(k) Plan's numbers.
- By total assets, Cornerstone Bank 401(k) Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in North Dakota. Compare plans
- Cornerstone Bank's sponsor-wide assets have grown 38.1% since 2022 across 3 plan years on file. More Finance & Insurance plans