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
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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.

See the national 2023→2024 release diff →

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 EIN450117720
Plan Effective Date1994-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Cornerstone Bank)

$15M$20M$25M$30M 202220232024 $19.3M $26.7M ▲ +38.1%
Total plan assets by year, all Cornerstone Bank plans on file
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

Cornerstone Bank 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Cornerstone Bank 401…Sanford Retirement S…Knife River Corporat…Mdu Resources Group,…Eide Bailly LLP 401(…Offutt Companies 401…
Cornerstone Bank 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants

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?
Cornerstone Bank 401(k) Plan grew sharply - up 15.1% during 2024, from $23M to $27M. Reported net income was $4M.
How have Cornerstone Bank plan assets changed over time?
Across 3 plan years on file (2022-2024), Cornerstone Bank's sponsor-wide assets grew 38.1%, from $19M to $27M.
Where does Cornerstone Bank 401(k) Plan rank by assets among Form 5500 filers?
Cornerstone Bank 401(k) Plan ranks in the 75th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Cornerstone Bank 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is San Luis Ambulance Service, Inc. 401(k) Profit Sharing Plan in CA ($27M, 104 participants).

Filing takeaways

Ways to act on Cornerstone Bank 401(k) Plan's numbers.