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CORNERSTONE BANCSHARES, INC. 2015 ESOP 401k Plan overview

Plan NameCORNERSTONE BANCSHARES, INC. 2015 ESOP
Plan identification number 002

CORNERSTONE BANCSHARES, INC. 2015 ESOP Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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).

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):571172074
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORNERSTONE BANCSHARES, INC. 2015 ESOP

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022015-10-15ADAM STOVALL ADAM STOVALL2016-10-11

Plan Statistics for CORNERSTONE BANCSHARES, INC. 2015 ESOP

401k plan membership statisitcs for CORNERSTONE BANCSHARES, INC. 2015 ESOP

Measure Date Value
2015: CORNERSTONE BANCSHARES, INC. 2015 ESOP 2015 401k membership
Total participants, beginning-of-year2015-10-15110
Total number of active participants reported on line 7a of the Form 55002015-10-150
Number of retired or separated participants receiving benefits2015-10-150
Number of other retired or separated participants entitled to future benefits2015-10-150
Total of all active and inactive participants2015-10-150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-10-150
Total participants2015-10-150
Number of participants with account balances2015-10-150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-10-150

Financial Data on CORNERSTONE BANCSHARES, INC. 2015 ESOP

Measure Date Value
2015 : CORNERSTONE BANCSHARES, INC. 2015 ESOP 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$0
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$0
Value of total assets at end of year2015-12-31$0
Value of total assets at beginning of year2015-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$0
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2015-12-31$0
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$0
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$0
Value of net assets at end of year (total assets less liabilities)2015-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$0
Assets. Invements in employer securities at beginning of year2015-12-31$0
Did the plan have assets held for investment2015-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31MAULDIN AND JENKINS, LLC
Accountancy firm EIN2015-12-31580692043

Form 5500 Responses for CORNERSTONE BANCSHARES, INC. 2015 ESOP

2015: CORNERSTONE BANCSHARES, INC. 2015 ESOP 2015 form 5500 responses
2015-10-15Type of plan entitySingle employer plan
2015-10-15First time form 5500 has been submittedYes
2015-10-15Submission has been amendedNo
2015-10-15This submission is the final filingYes
2015-10-15This return/report is a short plan year return/report (less than 12 months)Yes
2015-10-15Plan is a collectively bargained planNo
2015-10-15Plan funding arrangement – TrustYes
2015-10-15Plan benefit arrangement - TrustYes

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