Plan Snapshot
- Plan Sponsor: Cornerstone Employer Solutions, LLC Dba Synchronyhr
- Sponsor EIN: 471197332
- Sponsor Address: 721 EMERSON ROAD, SAINT LOUIS, MO, 66212
- Plan Type: 401(k)
- Total Participants: 3,313
- Total Assets: $95.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 3,313 | $95.5M | $4.1M | $8.4M |
| 2023 | 2,772 | $67.3M | $2.0M | $6.4M |
| 2022 | 2,282 | $59.0M | $2.8M | $5.7M |
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 |
|---|---|---|---|---|
| AMERITAS LIFE INSURANCE CORP | NONE | $357,449 | — | $357,449 |
| BKS FINANCIAL INVESTMENTS LLC | NONE | $59,487 | — | $59,487 |
| CORNERSTONE EMPLOYER SOLUTIONS, LLC | NONE | $33,659 | — | $33,659 |
| CHARLES SCHWAB BANK | NONE | $22,800 | — | $22,800 |
| GILL CPA SERVICES | NONE | $14,300 | — | $14,300 |
| COHNREZNICK LLP | Auditor | $14,300 | — | $14,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERITAS LIFE INSURANCE CORP — NONE
- CHARLES SCHWAB BANK — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $501,995
- Estimated Expense Ratio: 0.526% 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 | $487,695 | $59,487 | $391,108 | $14,300 | — |
| 2023 | $487,266 | $97,907 | $336,262 | — | — |
| 2022 | $428,271 | $62,036 | $366,235 | — | — |