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CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameCORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

CORNERSTONE BANCSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name:CORNERSTONE BANCSHARES, INC.
Employer identification number (EIN):621173944
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01
0022013-01-01
0022012-01-01EVON CHASTAIN EVON CHASTAIN2013-07-29
0022011-01-01EVON CHASTAIN
0022009-01-01EVON CHASTAIN

Plan Statistics for CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2017: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01102
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-010
Number of participants with account balances2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01111
Total number of active participants reported on line 7a of the Form 55002016-01-0165
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0131
Total of all active and inactive participants2016-01-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0196
Number of participants with account balances2016-01-0187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01102
Total number of active participants reported on line 7a of the Form 55002015-01-0191
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0117
Total of all active and inactive participants2015-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01108
Number of participants with account balances2015-01-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01112
Total number of active participants reported on line 7a of the Form 55002014-01-0191
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-019
Total of all active and inactive participants2014-01-01100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01100
Number of participants with account balances2014-01-0199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01111
Total number of active participants reported on line 7a of the Form 55002013-01-0196
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0113
Total of all active and inactive participants2013-01-01109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01109
Number of participants with account balances2013-01-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01104
Total number of active participants reported on line 7a of the Form 55002012-01-0190
Number of retired or separated participants receiving benefits2012-01-011
Number of other retired or separated participants entitled to future benefits2012-01-0112
Total of all active and inactive participants2012-01-01103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-01104
Number of participants with account balances2012-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01118
Total number of active participants reported on line 7a of the Form 55002011-01-0194
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-012
Total of all active and inactive participants2011-01-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0196
Number of participants with account balances2011-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01111
Total number of active participants reported on line 7a of the Form 55002009-01-01101
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0114
Total of all active and inactive participants2009-01-01115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01115
Number of participants with account balances2009-01-01114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2017 : CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total plan liabilities at end of year2017-10-31$0
Total plan liabilities at beginning of year2017-10-31$84
Total income from all sources2017-10-31$53,465
Expenses. Total of all expenses incurred2017-10-31$259,901
Benefits paid (including direct rollovers)2017-10-31$259,901
Total plan assets at end of year2017-10-31$0
Total plan assets at beginning of year2017-10-31$206,520
Value of fidelity bond covering the plan2017-10-31$3,000,000
Other income received2017-10-31$53,465
Net income (gross income less expenses)2017-10-31$-206,436
Net plan assets at end of year (total assets less liabilities)2017-10-31$0
Net plan assets at beginning of year (total assets less liabilities)2017-10-31$206,436
Assets. Value of employer securities2017-10-31$0
2016 : CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$84
Total income from all sources2016-12-31$30,995
Expenses. Total of all expenses incurred2016-12-31$5,134
Benefits paid (including direct rollovers)2016-12-31$5,109
Total plan assets at end of year2016-12-31$206,520
Total plan assets at beginning of year2016-12-31$180,575
Value of fidelity bond covering the plan2016-12-31$3,000,000
Expenses. Other expenses not covered elsewhere2016-12-31$25
Other income received2016-12-31$30,995
Net income (gross income less expenses)2016-12-31$25,861
Net plan assets at end of year (total assets less liabilities)2016-12-31$206,436
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$180,575
Assets. Value of employer securities2016-12-31$201,495
2015 : CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total income from all sources2015-12-31$31,467
Expenses. Total of all expenses incurred2015-12-31$6,362
Benefits paid (including direct rollovers)2015-12-31$6,312
Total plan assets at end of year2015-12-31$180,575
Total plan assets at beginning of year2015-12-31$155,470
Value of fidelity bond covering the plan2015-12-31$3,000,000
Other income received2015-12-31$31,467
Net income (gross income less expenses)2015-12-31$25,105
Net plan assets at end of year (total assets less liabilities)2015-12-31$180,575
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$155,470
Assets. Value of employer securities2015-12-31$175,043
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$50
2014 : CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total income from all sources2014-12-31$52,669
Expenses. Total of all expenses incurred2014-12-31$6,895
Benefits paid (including direct rollovers)2014-12-31$6,886
Total plan assets at end of year2014-12-31$155,470
Total plan assets at beginning of year2014-12-31$109,696
Value of fidelity bond covering the plan2014-12-31$3,000,000
Expenses. Other expenses not covered elsewhere2014-12-31$9
Other income received2014-12-31$42,669
Net income (gross income less expenses)2014-12-31$45,774
Net plan assets at end of year (total assets less liabilities)2014-12-31$155,470
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$109,696
Assets. Value of employer securities2014-12-31$148,576
Total contributions received or receivable from employer(s)2014-12-31$10,000
2013 : CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total income from all sources2013-12-31$4,218
Expenses. Total of all expenses incurred2013-12-31$8,735
Benefits paid (including direct rollovers)2013-12-31$8,735
Total plan assets at end of year2013-12-31$109,696
Total plan assets at beginning of year2013-12-31$114,213
Value of fidelity bond covering the plan2013-12-31$3,000,000
Other income received2013-12-31$4,218
Net income (gross income less expenses)2013-12-31$-4,517
Net plan assets at end of year (total assets less liabilities)2013-12-31$109,696
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$114,213
Assets. Value of employer securities2013-12-31$108,373
2012 : CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total income from all sources2012-12-31$41,675
Expenses. Total of all expenses incurred2012-12-31$1,985
Benefits paid (including direct rollovers)2012-12-31$1,985
Total plan assets at end of year2012-12-31$114,213
Total plan assets at beginning of year2012-12-31$74,523
Value of fidelity bond covering the plan2012-12-31$3,000,000
Other income received2012-12-31$38,900
Net income (gross income less expenses)2012-12-31$39,690
Net plan assets at end of year (total assets less liabilities)2012-12-31$114,213
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$74,523
Assets. Value of employer securities2012-12-31$112,760
Total contributions received or receivable from employer(s)2012-12-31$2,775
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total income from all sources2011-12-31$1,975
Expenses. Total of all expenses incurred2011-12-31$14,768
Benefits paid (including direct rollovers)2011-12-31$14,768
Total plan assets at end of year2011-12-31$94,219
Total plan assets at beginning of year2011-12-31$107,012
Value of fidelity bond covering the plan2011-12-31$5,000,000
Other income received2011-12-31$1,248
Net income (gross income less expenses)2011-12-31$-12,793
Net plan assets at end of year (total assets less liabilities)2011-12-31$94,219
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$107,012
Assets. Value of employer securities2011-12-31$93,556
Total contributions received or receivable from employer(s)2011-12-31$727
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$7,176
2010 : CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total income from all sources2010-12-31$-10,422
Expenses. Total of all expenses incurred2010-12-31$5,221
Benefits paid (including direct rollovers)2010-12-31$5,221
Total plan assets at end of year2010-12-31$107,012
Total plan assets at beginning of year2010-12-31$122,655
Value of fidelity bond covering the plan2010-12-31$5,000,000
Other income received2010-12-31$-10,422
Net income (gross income less expenses)2010-12-31$-15,643
Net plan assets at end of year (total assets less liabilities)2010-12-31$107,012
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$122,655
Assets. Value of employer securities2010-12-31$99,484
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$575
2009 : CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$7,121

Form 5500 Responses for CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN

2017: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: CORNERSTONE COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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