# Cornerstone Auto Group, LLC 401(k) Plan
Source: https://planprovider.pro/companies/cornerstone-auto-group-llc-401k-plan

> Cornerstone Auto Group, LLC's 401(k) plan: 307 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Cornerstone Auto Group, LLC

- **Sponsor EIN:** 410985668

- **Sponsor Address:** 17219 HIGHWAY 10, ELK RIVER, MN, 55330

- **Plan Type:** 401(k)

- **Total Participants:** 307

- **Total Assets:** $16.6M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|307|$16.6M|$309,758|$1.2M|

| 2023|210|$13.4M|$253,628|$897,231|

| 2022|196|$11.1M|$250,930|$894,705|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| ALERUS FINANCIAL, N.A.|NONE|$43,500|—|$43,500|

| INTELLICENTS INC.|NONE|$24,397|—|$24,397|

| BOYUM AND BARENSCHEER|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ALERUS FINANCIAL, N.A.](https://planprovider.pro/provider/intellicents-inc) — NONE

- [INTELLICENTS INC.](https://planprovider.pro/provider/intellicents-inc) — NONE

- [BOYUM AND BARENSCHEER](https://planprovider.pro/provider/boyum-and-barenscheer-pllp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $67,897

- **Estimated Expense Ratio:** 0.410% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$67,897|$24,396|—|—|—|

| 2023|$46,899|$17,875|—|—|—|

| 2022|$42,961|$28,937|$14,024|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/cornerstone-auto-group-llc-401k-plan)

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