401k Plan data: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST plan

CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan Name	CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST
Plan identification number	001

CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

CORNERSTONE FINANCIAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: CORNERSTONE FINANCIAL CREDIT UNION

Employer identification number (EIN): 620575774

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-06-01 WILLIAM BYRD 2023-10-11
001 2021-06-01 WILLIAM BYRD 2022-09-29
001 2020-06-01 WILLIAM BYRD 2021-09-29
001 2019-06-01 WILLIAM BYRD 2020-09-11
001 2018-06-01 WILLIAM BYRD 2019-10-11
001 2017-06-01 WILLIAM BYRD 2018-09-26
001 2016-06-01 WILLIAM BYRD 2017-10-17
001 2015-06-01 WILLIAM BYRD 2016-08-30
001 2014-06-01 JOE D SPIVEY 2015-08-24
001 2013-06-01 JOE D SPIVEY 2014-09-05
001 2012-06-01 JOE D SPIVEY 2013-10-22
001 2011-06-01 JOE SPIVEY 2012-09-17 JOE SPIVEY 2012-09-17
001 2010-06-01 JOE SPIVEY 2011-10-20 JOE SPIVEY 2011-10-20

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-06-01	WILLIAM BYRD	2023-10-11
001	2021-06-01	WILLIAM BYRD	2022-09-29
001	2020-06-01	WILLIAM BYRD	2021-09-29
001	2019-06-01	WILLIAM BYRD	2020-09-11
001	2018-06-01	WILLIAM BYRD	2019-10-11
001	2017-06-01	WILLIAM BYRD	2018-09-26
001	2016-06-01	WILLIAM BYRD	2017-10-17
001	2015-06-01	WILLIAM BYRD	2016-08-30
001	2014-06-01	JOE D SPIVEY	2015-08-24
001	2013-06-01	JOE D SPIVEY	2014-09-05
001	2012-06-01	JOE D SPIVEY	2013-10-22
001	2011-06-01	JOE SPIVEY	2012-09-17	JOE SPIVEY	2012-09-17
001	2010-06-01	JOE SPIVEY	2011-10-20	JOE SPIVEY	2011-10-20

Plan Statistics for CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2023: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2023 401k membership
Market value of plan assets 2023-05-31 16,961,301
Acturial value of plan assets 2023-05-31 16,961,301
Funding target for retired participants and beneficiaries receiving payment 2023-05-31 0
Number of terminated vested participants 2023-05-31 8
Fundng target for terminated vested participants 2023-05-31 165,524
Active participant vested funding target 2023-05-31 7,053,182
Number of active participants 2023-05-31 75
Total funding liabilities for active participants 2023-05-31 7,065,095
Total participant count 2023-05-31 83
Total funding target for all participants 2023-05-31 7,230,619
Balance at beginning of prior year after applicable adjustments 2023-05-31 2,528,282
Prefunding balance at beginning of prior year after applicable adjustments 2023-05-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2023-05-31 0
Prefunding balanced used to offset prior years funding requirement 2023-05-31 0
Amount remaining of carryover balance 2023-05-31 2,528,282
Amount remaining of prefunding balance 2023-05-31 0
Present value of excess contributions 2023-05-31 2,982,266
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2023-05-31 3,143,905
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2023-05-31 0
Reductions in caryover balances due to elections or deemed elections 2023-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2023-05-31 0
Balance of carryovers at beginning of current year 2023-05-31 2,414,004
Balance of prefunding at beginning of current year 2023-05-31 0
Total employer contributions 2023-05-31 0
Total employee contributions 2023-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2023-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2023-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2023-05-31 0
Unpaid minimum required contributions for all prior years 2023-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2023-05-31 0
Remaining amount of unpaid minimum required contributions 2023-05-31 0
Minimum required contributions for current year target normal cost 2023-05-31 974,347
Net shortfall amortization installment of oustanding balance 2023-05-31 0
Waiver amortization installment 2023-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2023-05-31 0
Carryover balance elected to use to offset funding requirement 2023-05-31 0
Prefunding balance elected to use to offset funding requirement 2023-05-31 0
Additional cash requirement 2023-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2023-05-31 0
Unpaid minimum required contributions for current year 2023-05-31 0
Unpaid minimum required contributions for all years 2023-05-31 0
2022: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets 2022-05-31 15,996,271
Acturial value of plan assets 2022-05-31 15,996,271
Funding target for retired participants and beneficiaries receiving payment 2022-05-31 0
Number of terminated vested participants 2022-05-31 8
Fundng target for terminated vested participants 2022-05-31 138,139
Active participant vested funding target 2022-05-31 6,487,464
Number of active participants 2022-05-31 84
Total funding liabilities for active participants 2022-05-31 6,507,905
Total participant count 2022-05-31 92
Total funding target for all participants 2022-05-31 6,646,044
Balance at beginning of prior year after applicable adjustments 2022-05-31 1,921,625
Prefunding balance at beginning of prior year after applicable adjustments 2022-05-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-05-31 0
Prefunding balanced used to offset prior years funding requirement 2022-05-31 0
Amount remaining of carryover balance 2022-05-31 1,921,625
Amount remaining of prefunding balance 2022-05-31 0
Present value of excess contributions 2022-05-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-05-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-05-31 0
Reductions in caryover balances due to elections or deemed elections 2022-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-05-31 0
Balance of carryovers at beginning of current year 2022-05-31 2,528,282
Balance of prefunding at beginning of current year 2022-05-31 0
Total employer contributions 2022-05-31 3,000,000
Total employee contributions 2022-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-05-31 2,982,266
Unpaid minimum required contributions for all prior years 2022-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-05-31 0
Remaining amount of unpaid minimum required contributions 2022-05-31 0
Minimum required contributions for current year target normal cost 2022-05-31 783,533
Net shortfall amortization installment of oustanding balance 2022-05-31 0
Waiver amortization installment 2022-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-05-31 0
Carryover balance elected to use to offset funding requirement 2022-05-31 0
Prefunding balance elected to use to offset funding requirement 2022-05-31 0
Additional cash requirement 2022-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-05-31 2,982,266
Unpaid minimum required contributions for current year 2022-05-31 0
Unpaid minimum required contributions for all years 2022-05-31 0
2021: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets 2021-05-31 14,631,799
Acturial value of plan assets 2021-05-31 14,631,799
Funding target for retired participants and beneficiaries receiving payment 2021-05-31 0
Number of terminated vested participants 2021-05-31 4
Fundng target for terminated vested participants 2021-05-31 183,061
Active participant vested funding target 2021-05-31 7,959,670
Number of active participants 2021-05-31 93
Total funding liabilities for active participants 2021-05-31 7,969,735
Total participant count 2021-05-31 97
Total funding target for all participants 2021-05-31 8,152,796
Balance at beginning of prior year after applicable adjustments 2021-05-31 1,784,239
Prefunding balance at beginning of prior year after applicable adjustments 2021-05-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-05-31 0
Prefunding balanced used to offset prior years funding requirement 2021-05-31 0
Amount remaining of carryover balance 2021-05-31 1,784,239
Amount remaining of prefunding balance 2021-05-31 0
Present value of excess contributions 2021-05-31 1,434,837
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-05-31 1,509,879
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-05-31 0
Reductions in caryover balances due to elections or deemed elections 2021-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-05-31 0
Balance of carryovers at beginning of current year 2021-05-31 1,921,625
Balance of prefunding at beginning of current year 2021-05-31 0
Total employer contributions 2021-05-31 0
Total employee contributions 2021-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-05-31 0
Unpaid minimum required contributions for all prior years 2021-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-05-31 0
Remaining amount of unpaid minimum required contributions 2021-05-31 0
Minimum required contributions for current year target normal cost 2021-05-31 536,466
Net shortfall amortization installment of oustanding balance 2021-05-31 0
Waiver amortization installment 2021-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-05-31 0
Carryover balance elected to use to offset funding requirement 2021-05-31 0
Prefunding balance elected to use to offset funding requirement 2021-05-31 0
Additional cash requirement 2021-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-05-31 0
Unpaid minimum required contributions for current year 2021-05-31 0
Unpaid minimum required contributions for all years 2021-05-31 0
2020: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets 2020-05-31 13,633,186
Acturial value of plan assets 2020-05-31 13,633,186
Funding target for retired participants and beneficiaries receiving payment 2020-05-31 0
Number of terminated vested participants 2020-05-31 6
Fundng target for terminated vested participants 2020-05-31 59,740
Active participant vested funding target 2020-05-31 8,138,327
Number of active participants 2020-05-31 88
Total funding liabilities for active participants 2020-05-31 8,144,893
Total participant count 2020-05-31 94
Total funding target for all participants 2020-05-31 8,204,633
Balance at beginning of prior year after applicable adjustments 2020-05-31 1,761,168
Prefunding balance at beginning of prior year after applicable adjustments 2020-05-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-05-31 0
Prefunding balanced used to offset prior years funding requirement 2020-05-31 0
Amount remaining of carryover balance 2020-05-31 1,761,168
Amount remaining of prefunding balance 2020-05-31 0
Present value of excess contributions 2020-05-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-05-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-05-31 0
Reductions in caryover balances due to elections or deemed elections 2020-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-05-31 0
Balance of carryovers at beginning of current year 2020-05-31 1,784,239
Balance of prefunding at beginning of current year 2020-05-31 0
Total employer contributions 2020-05-31 1,500,000
Total employee contributions 2020-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-05-31 1,434,837
Unpaid minimum required contributions for all prior years 2020-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-05-31 0
Remaining amount of unpaid minimum required contributions 2020-05-31 0
Minimum required contributions for current year target normal cost 2020-05-31 515,660
Net shortfall amortization installment of oustanding balance 2020-05-31 0
Waiver amortization installment 2020-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-05-31 0
Carryover balance elected to use to offset funding requirement 2020-05-31 0
Prefunding balance elected to use to offset funding requirement 2020-05-31 0
Additional cash requirement 2020-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-05-31 1,434,837
Unpaid minimum required contributions for current year 2020-05-31 0
Unpaid minimum required contributions for all years 2020-05-31 0
2019: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets 2019-05-31 14,130,252
Acturial value of plan assets 2019-05-31 14,130,252
Funding target for retired participants and beneficiaries receiving payment 2019-05-31 0
Number of terminated vested participants 2019-05-31 3
Fundng target for terminated vested participants 2019-05-31 431,318
Active participant vested funding target 2019-05-31 6,885,253
Number of active participants 2019-05-31 89
Total funding liabilities for active participants 2019-05-31 6,893,363
Total participant count 2019-05-31 92
Total funding target for all participants 2019-05-31 7,324,681
Balance at beginning of prior year after applicable adjustments 2019-05-31 1,596,852
Prefunding balance at beginning of prior year after applicable adjustments 2019-05-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-05-31 0
Prefunding balanced used to offset prior years funding requirement 2019-05-31 0
Amount remaining of carryover balance 2019-05-31 1,596,852
Amount remaining of prefunding balance 2019-05-31 0
Present value of excess contributions 2019-05-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-05-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-05-31 0
Reductions in caryover balances due to elections or deemed elections 2019-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-05-31 0
Balance of carryovers at beginning of current year 2019-05-31 1,761,168
Balance of prefunding at beginning of current year 2019-05-31 0
Total employer contributions 2019-05-31 0
Total employee contributions 2019-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-05-31 0
Unpaid minimum required contributions for all prior years 2019-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-05-31 0
Remaining amount of unpaid minimum required contributions 2019-05-31 0
Minimum required contributions for current year target normal cost 2019-05-31 785,004
Net shortfall amortization installment of oustanding balance 2019-05-31 0
Waiver amortization installment 2019-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-05-31 0
Carryover balance elected to use to offset funding requirement 2019-05-31 0
Prefunding balance elected to use to offset funding requirement 2019-05-31 0
Additional cash requirement 2019-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-05-31 0
Unpaid minimum required contributions for current year 2019-05-31 0
Unpaid minimum required contributions for all years 2019-05-31 0
2018: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets 2018-05-31 13,873,621
Acturial value of plan assets 2018-05-31 13,873,621
Funding target for retired participants and beneficiaries receiving payment 2018-05-31 0
Number of terminated vested participants 2018-05-31 2
Fundng target for terminated vested participants 2018-05-31 12,098
Active participant vested funding target 2018-05-31 6,544,972
Number of active participants 2018-05-31 94
Total funding liabilities for active participants 2018-05-31 6,555,560
Total participant count 2018-05-31 96
Total funding target for all participants 2018-05-31 6,567,658
Balance at beginning of prior year after applicable adjustments 2018-05-31 1,416,654
Prefunding balance at beginning of prior year after applicable adjustments 2018-05-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-05-31 0
Prefunding balanced used to offset prior years funding requirement 2018-05-31 0
Amount remaining of carryover balance 2018-05-31 1,416,654
Amount remaining of prefunding balance 2018-05-31 0
Present value of excess contributions 2018-05-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-05-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-05-31 0
Reductions in caryover balances due to elections or deemed elections 2018-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-05-31 0
Balance of carryovers at beginning of current year 2018-05-31 1,596,852
Balance of prefunding at beginning of current year 2018-05-31 0
Total employer contributions 2018-05-31 0
Total employee contributions 2018-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-05-31 0
Unpaid minimum required contributions for all prior years 2018-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-05-31 0
Remaining amount of unpaid minimum required contributions 2018-05-31 0
Minimum required contributions for current year target normal cost 2018-05-31 682,739
Net shortfall amortization installment of oustanding balance 2018-05-31 0
Waiver amortization installment 2018-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-05-31 0
Carryover balance elected to use to offset funding requirement 2018-05-31 0
Prefunding balance elected to use to offset funding requirement 2018-05-31 0
Additional cash requirement 2018-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-05-31 0
Unpaid minimum required contributions for current year 2018-05-31 0
Unpaid minimum required contributions for all years 2018-05-31 0
2017: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets 2017-05-31 15,347,954
Acturial value of plan assets 2017-05-31 15,347,954
Funding target for retired participants and beneficiaries receiving payment 2017-05-31 0
Number of terminated vested participants 2017-05-31 5
Fundng target for terminated vested participants 2017-05-31 2,009,502
Active participant vested funding target 2017-05-31 6,134,154
Number of active participants 2017-05-31 91
Total funding liabilities for active participants 2017-05-31 6,141,929
Total participant count 2017-05-31 96
Total funding target for all participants 2017-05-31 8,151,431
Balance at beginning of prior year after applicable adjustments 2017-05-31 1,415,946
Prefunding balance at beginning of prior year after applicable adjustments 2017-05-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-05-31 0
Prefunding balanced used to offset prior years funding requirement 2017-05-31 0
Amount remaining of carryover balance 2017-05-31 1,415,946
Amount remaining of prefunding balance 2017-05-31 0
Present value of excess contributions 2017-05-31 2,842,388
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-05-31 3,012,647
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-05-31 0
Reductions in caryover balances due to elections or deemed elections 2017-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-05-31 0
Balance of carryovers at beginning of current year 2017-05-31 1,416,654
Balance of prefunding at beginning of current year 2017-05-31 0
Total employer contributions 2017-05-31 0
Total employee contributions 2017-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-05-31 0
Unpaid minimum required contributions for all prior years 2017-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-05-31 0
Remaining amount of unpaid minimum required contributions 2017-05-31 0
Minimum required contributions for current year target normal cost 2017-05-31 554,844
Net shortfall amortization installment of oustanding balance 2017-05-31 0
Waiver amortization installment 2017-05-31 0
Waived amount of outstanding balance 2017-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-05-31 0
Carryover balance elected to use to offset funding requirement 2017-05-31 0
Prefunding balance elected to use to offset funding requirement 2017-05-31 0
Additional cash requirement 2017-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-05-31 0
Unpaid minimum required contributions for current year 2017-05-31 0
Unpaid minimum required contributions for all years 2017-05-31 0

Measure	Date	Value
2023: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2023 401k membership
Market value of plan assets	2023-05-31	16,961,301
Acturial value of plan assets	2023-05-31	16,961,301
Funding target for retired participants and beneficiaries receiving payment	2023-05-31	0
Number of terminated vested participants	2023-05-31	8
Fundng target for terminated vested participants	2023-05-31	165,524
Active participant vested funding target	2023-05-31	7,053,182
Number of active participants	2023-05-31	75
Total funding liabilities for active participants	2023-05-31	7,065,095
Total participant count	2023-05-31	83
Total funding target for all participants	2023-05-31	7,230,619
Balance at beginning of prior year after applicable adjustments	2023-05-31	2,528,282
Prefunding balance at beginning of prior year after applicable adjustments	2023-05-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2023-05-31	0
Prefunding balanced used to offset prior years funding requirement	2023-05-31	0
Amount remaining of carryover balance	2023-05-31	2,528,282
Amount remaining of prefunding balance	2023-05-31	0
Present value of excess contributions	2023-05-31	2,982,266
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2023-05-31	3,143,905
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2023-05-31	0
Reductions in caryover balances due to elections or deemed elections	2023-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2023-05-31	0
Balance of carryovers at beginning of current year	2023-05-31	2,414,004
Balance of prefunding at beginning of current year	2023-05-31	0
Total employer contributions	2023-05-31	0
Total employee contributions	2023-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2023-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2023-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2023-05-31	0
Unpaid minimum required contributions for all prior years	2023-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2023-05-31	0
Remaining amount of unpaid minimum required contributions	2023-05-31	0
Minimum required contributions for current year target normal cost	2023-05-31	974,347
Net shortfall amortization installment of oustanding balance	2023-05-31	0
Waiver amortization installment	2023-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2023-05-31	0
Carryover balance elected to use to offset funding requirement	2023-05-31	0
Prefunding balance elected to use to offset funding requirement	2023-05-31	0
Additional cash requirement	2023-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2023-05-31	0
Unpaid minimum required contributions for current year	2023-05-31	0
Unpaid minimum required contributions for all years	2023-05-31	0
2022: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets	2022-05-31	15,996,271
Acturial value of plan assets	2022-05-31	15,996,271
Funding target for retired participants and beneficiaries receiving payment	2022-05-31	0
Number of terminated vested participants	2022-05-31	8
Fundng target for terminated vested participants	2022-05-31	138,139
Active participant vested funding target	2022-05-31	6,487,464
Number of active participants	2022-05-31	84
Total funding liabilities for active participants	2022-05-31	6,507,905
Total participant count	2022-05-31	92
Total funding target for all participants	2022-05-31	6,646,044
Balance at beginning of prior year after applicable adjustments	2022-05-31	1,921,625
Prefunding balance at beginning of prior year after applicable adjustments	2022-05-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-05-31	0
Prefunding balanced used to offset prior years funding requirement	2022-05-31	0
Amount remaining of carryover balance	2022-05-31	1,921,625
Amount remaining of prefunding balance	2022-05-31	0
Present value of excess contributions	2022-05-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-05-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-05-31	0
Reductions in caryover balances due to elections or deemed elections	2022-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-05-31	0
Balance of carryovers at beginning of current year	2022-05-31	2,528,282
Balance of prefunding at beginning of current year	2022-05-31	0
Total employer contributions	2022-05-31	3,000,000
Total employee contributions	2022-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-05-31	2,982,266
Unpaid minimum required contributions for all prior years	2022-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-05-31	0
Remaining amount of unpaid minimum required contributions	2022-05-31	0
Minimum required contributions for current year target normal cost	2022-05-31	783,533
Net shortfall amortization installment of oustanding balance	2022-05-31	0
Waiver amortization installment	2022-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-05-31	0
Carryover balance elected to use to offset funding requirement	2022-05-31	0
Prefunding balance elected to use to offset funding requirement	2022-05-31	0
Additional cash requirement	2022-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-05-31	2,982,266
Unpaid minimum required contributions for current year	2022-05-31	0
Unpaid minimum required contributions for all years	2022-05-31	0
2021: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets	2021-05-31	14,631,799
Acturial value of plan assets	2021-05-31	14,631,799
Funding target for retired participants and beneficiaries receiving payment	2021-05-31	0
Number of terminated vested participants	2021-05-31	4
Fundng target for terminated vested participants	2021-05-31	183,061
Active participant vested funding target	2021-05-31	7,959,670
Number of active participants	2021-05-31	93
Total funding liabilities for active participants	2021-05-31	7,969,735
Total participant count	2021-05-31	97
Total funding target for all participants	2021-05-31	8,152,796
Balance at beginning of prior year after applicable adjustments	2021-05-31	1,784,239
Prefunding balance at beginning of prior year after applicable adjustments	2021-05-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-05-31	0
Prefunding balanced used to offset prior years funding requirement	2021-05-31	0
Amount remaining of carryover balance	2021-05-31	1,784,239
Amount remaining of prefunding balance	2021-05-31	0
Present value of excess contributions	2021-05-31	1,434,837
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-05-31	1,509,879
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-05-31	0
Reductions in caryover balances due to elections or deemed elections	2021-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-05-31	0
Balance of carryovers at beginning of current year	2021-05-31	1,921,625
Balance of prefunding at beginning of current year	2021-05-31	0
Total employer contributions	2021-05-31	0
Total employee contributions	2021-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-05-31	0
Unpaid minimum required contributions for all prior years	2021-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-05-31	0
Remaining amount of unpaid minimum required contributions	2021-05-31	0
Minimum required contributions for current year target normal cost	2021-05-31	536,466
Net shortfall amortization installment of oustanding balance	2021-05-31	0
Waiver amortization installment	2021-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-05-31	0
Carryover balance elected to use to offset funding requirement	2021-05-31	0
Prefunding balance elected to use to offset funding requirement	2021-05-31	0
Additional cash requirement	2021-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-05-31	0
Unpaid minimum required contributions for current year	2021-05-31	0
Unpaid minimum required contributions for all years	2021-05-31	0
2020: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets	2020-05-31	13,633,186
Acturial value of plan assets	2020-05-31	13,633,186
Funding target for retired participants and beneficiaries receiving payment	2020-05-31	0
Number of terminated vested participants	2020-05-31	6
Fundng target for terminated vested participants	2020-05-31	59,740
Active participant vested funding target	2020-05-31	8,138,327
Number of active participants	2020-05-31	88
Total funding liabilities for active participants	2020-05-31	8,144,893
Total participant count	2020-05-31	94
Total funding target for all participants	2020-05-31	8,204,633
Balance at beginning of prior year after applicable adjustments	2020-05-31	1,761,168
Prefunding balance at beginning of prior year after applicable adjustments	2020-05-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-05-31	0
Prefunding balanced used to offset prior years funding requirement	2020-05-31	0
Amount remaining of carryover balance	2020-05-31	1,761,168
Amount remaining of prefunding balance	2020-05-31	0
Present value of excess contributions	2020-05-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-05-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-05-31	0
Reductions in caryover balances due to elections or deemed elections	2020-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-05-31	0
Balance of carryovers at beginning of current year	2020-05-31	1,784,239
Balance of prefunding at beginning of current year	2020-05-31	0
Total employer contributions	2020-05-31	1,500,000
Total employee contributions	2020-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-05-31	1,434,837
Unpaid minimum required contributions for all prior years	2020-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-05-31	0
Remaining amount of unpaid minimum required contributions	2020-05-31	0
Minimum required contributions for current year target normal cost	2020-05-31	515,660
Net shortfall amortization installment of oustanding balance	2020-05-31	0
Waiver amortization installment	2020-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-05-31	0
Carryover balance elected to use to offset funding requirement	2020-05-31	0
Prefunding balance elected to use to offset funding requirement	2020-05-31	0
Additional cash requirement	2020-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-05-31	1,434,837
Unpaid minimum required contributions for current year	2020-05-31	0
Unpaid minimum required contributions for all years	2020-05-31	0
2019: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets	2019-05-31	14,130,252
Acturial value of plan assets	2019-05-31	14,130,252
Funding target for retired participants and beneficiaries receiving payment	2019-05-31	0
Number of terminated vested participants	2019-05-31	3
Fundng target for terminated vested participants	2019-05-31	431,318
Active participant vested funding target	2019-05-31	6,885,253
Number of active participants	2019-05-31	89
Total funding liabilities for active participants	2019-05-31	6,893,363
Total participant count	2019-05-31	92
Total funding target for all participants	2019-05-31	7,324,681
Balance at beginning of prior year after applicable adjustments	2019-05-31	1,596,852
Prefunding balance at beginning of prior year after applicable adjustments	2019-05-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-05-31	0
Prefunding balanced used to offset prior years funding requirement	2019-05-31	0
Amount remaining of carryover balance	2019-05-31	1,596,852
Amount remaining of prefunding balance	2019-05-31	0
Present value of excess contributions	2019-05-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-05-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-05-31	0
Reductions in caryover balances due to elections or deemed elections	2019-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-05-31	0
Balance of carryovers at beginning of current year	2019-05-31	1,761,168
Balance of prefunding at beginning of current year	2019-05-31	0
Total employer contributions	2019-05-31	0
Total employee contributions	2019-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-05-31	0
Unpaid minimum required contributions for all prior years	2019-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-05-31	0
Remaining amount of unpaid minimum required contributions	2019-05-31	0
Minimum required contributions for current year target normal cost	2019-05-31	785,004
Net shortfall amortization installment of oustanding balance	2019-05-31	0
Waiver amortization installment	2019-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-05-31	0
Carryover balance elected to use to offset funding requirement	2019-05-31	0
Prefunding balance elected to use to offset funding requirement	2019-05-31	0
Additional cash requirement	2019-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-05-31	0
Unpaid minimum required contributions for current year	2019-05-31	0
Unpaid minimum required contributions for all years	2019-05-31	0
2018: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets	2018-05-31	13,873,621
Acturial value of plan assets	2018-05-31	13,873,621
Funding target for retired participants and beneficiaries receiving payment	2018-05-31	0
Number of terminated vested participants	2018-05-31	2
Fundng target for terminated vested participants	2018-05-31	12,098
Active participant vested funding target	2018-05-31	6,544,972
Number of active participants	2018-05-31	94
Total funding liabilities for active participants	2018-05-31	6,555,560
Total participant count	2018-05-31	96
Total funding target for all participants	2018-05-31	6,567,658
Balance at beginning of prior year after applicable adjustments	2018-05-31	1,416,654
Prefunding balance at beginning of prior year after applicable adjustments	2018-05-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-05-31	0
Prefunding balanced used to offset prior years funding requirement	2018-05-31	0
Amount remaining of carryover balance	2018-05-31	1,416,654
Amount remaining of prefunding balance	2018-05-31	0
Present value of excess contributions	2018-05-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-05-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-05-31	0
Reductions in caryover balances due to elections or deemed elections	2018-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-05-31	0
Balance of carryovers at beginning of current year	2018-05-31	1,596,852
Balance of prefunding at beginning of current year	2018-05-31	0
Total employer contributions	2018-05-31	0
Total employee contributions	2018-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-05-31	0
Unpaid minimum required contributions for all prior years	2018-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-05-31	0
Remaining amount of unpaid minimum required contributions	2018-05-31	0
Minimum required contributions for current year target normal cost	2018-05-31	682,739
Net shortfall amortization installment of oustanding balance	2018-05-31	0
Waiver amortization installment	2018-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-05-31	0
Carryover balance elected to use to offset funding requirement	2018-05-31	0
Prefunding balance elected to use to offset funding requirement	2018-05-31	0
Additional cash requirement	2018-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-05-31	0
Unpaid minimum required contributions for current year	2018-05-31	0
Unpaid minimum required contributions for all years	2018-05-31	0
2017: CORNERSTONE FINANCIAL CREDIT UNION CASH BALANCE DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets	2017-05-31	15,347,954
Acturial value of plan assets	2017-05-31	15,347,954
Funding target for retired participants and beneficiaries receiving payment	2017-05-31	0
Number of terminated vested participants	2017-05-31	5
Fundng target for terminated vested participants	2017-05-31	2,009,502
Active participant vested funding target	2017-05-31	6,134,154
Number of active participants	2017-05-31	91
Total funding liabilities for active participants	2017-05-31	6,141,929
Total participant count	2017-05-31	96
Total funding target for all participants	2017-05-31	8,151,431
Balance at beginning of prior year after applicable adjustments	2017-05-31	1,415,946
Prefunding balance at beginning of prior year after applicable adjustments	2017-05-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-05-31	0
Prefunding balanced used to offset prior years funding requirement	2017-05-31	0
Amount remaining of carryover balance	2017-05-31	1,415,946
Amount remaining of prefunding balance	2017-05-31	0
Present value of excess contributions	2017-05-31	2,842,388
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-05-31	3,012,647
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-05-31	0
Reductions in caryover balances due to elections or deemed elections	2017-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-05-31	0
Balance of carryovers at beginning of current year	2017-05-31	1,416,654
Balance of prefunding at beginning of current year	2017-05-31	0
Total employer contributions	2017-05-31	0
Total employee contributions	2017-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-05-31	0
Unpaid minimum required contributions for all prior years	2017-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-05-31	0
Remaining amount of unpaid minimum required contributions	2017-05-31	0
Minimum required contributions for current year target normal cost	2017-05-31	554,844
Net shortfall amortization installment of oustanding balance	2017-05-31	0
Waiver amortization installment	2017-05-31	0
Waived amount of outstanding balance	2017-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-05-31	0
Carryover balance elected to use to offset funding requirement	2017-05-31	0
Prefunding balance elected to use to offset funding requirement	2017-05-31	0
Additional cash requirement	2017-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-05-31	0
Unpaid minimum required contributions for current year	2017-05-31	0
Unpaid minimum required contributions for all years	2017-05-31	0

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Company Name:	CORNERSTONE FINANCIAL CREDIT UNION
Employer identification number (EIN):	620575774
NAIC Classification:	522130
NAIC Description:	Credit Unions