Civic Intelligence

Cornerstone Bancshares, Inc.

Plan context: Cornerstone Bancshares Inc. Employee Stock Ownership Plan W/ 401(K) Provisions

EIN 20-0839370 • Atlanta, GA • 9 filings • 2 plans

Suite 100Atlanta, GA 30327
Current Snapshot

Latest Year

2011

2011 Participants

65

2011 Assets

$1,078,809

2011 Contributions

$223,967

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$4,293,772$2,146,886$0200320072011YearValue
$1,078,809Latest year 2011

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

65330200320072011YearValue
65Latest year 2011

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2011165$1,078,809$223,967$3,446iApproximate average salary by contribution assumption: employee only about $86,141 at 4% or $57,427 at 6%; with 50% employer match about $57,427 at 4% or $38,285 at 6%; with 100% employer match about $43,071 at 4% or $28,714 at 6%.
Cornerstone Bancshares Inc. Employee Stock Ownership Plan W/ 401(K) Provisions-65$1,078,809$223,967$3,446iApproximate average salary by contribution assumption: employee only about $86,141 at 4% or $57,427 at 6%; with 50% employer match about $57,427 at 4% or $38,285 at 6%; with 100% employer match about $43,071 at 4% or $28,714 at 6%.
2010146$1,091,433$197,969$4,304iApproximate average salary by contribution assumption: employee only about $107,592 at 4% or $71,728 at 6%; with 50% employer match about $71,728 at 4% or $47,819 at 6%; with 100% employer match about $53,796 at 4% or $35,864 at 6%.
Cornerstone Bancshares Inc. Employee Stock Ownership Plan W/ 401(K) Provisions-46$1,091,433$197,969$4,304iApproximate average salary by contribution assumption: employee only about $107,592 at 4% or $71,728 at 6%; with 50% employer match about $71,728 at 4% or $47,819 at 6%; with 100% employer match about $53,796 at 4% or $35,864 at 6%.
2009149$1,500,432$135,504$2,765iApproximate average salary by contribution assumption: employee only about $69,135 at 4% or $46,090 at 6%; with 50% employer match about $46,090 at 4% or $30,727 at 6%; with 100% employer match about $34,567 at 4% or $23,045 at 6%.
Cornerstone Bancshares Inc. Employee Stock Ownership Plan W/ 401(K) Provisions-49$1,500,432$135,504$2,765iApproximate average salary by contribution assumption: employee only about $69,135 at 4% or $46,090 at 6%; with 50% employer match about $46,090 at 4% or $30,727 at 6%; with 100% employer match about $34,567 at 4% or $23,045 at 6%.
2008145$2,180,585$602,492$13,389iApproximate average salary by contribution assumption: employee only about $334,718 at 4% or $223,145 at 6%; with 50% employer match about $223,145 at 4% or $148,763 at 6%; with 100% employer match about $167,359 at 4% or $111,573 at 6%.
Cornerstone Bancshares Inc. Employee Stock Ownership Plan W/ 401(K) Provisions-45$2,180,585$602,492$13,389iApproximate average salary by contribution assumption: employee only about $334,718 at 4% or $223,145 at 6%; with 50% employer match about $223,145 at 4% or $148,763 at 6%; with 100% employer match about $167,359 at 4% or $111,573 at 6%.
2007146$4,293,772$1,125,960$24,477iApproximate average salary by contribution assumption: employee only about $611,935 at 4% or $407,957 at 6%; with 50% employer match about $407,957 at 4% or $271,971 at 6%; with 100% employer match about $305,967 at 4% or $203,978 at 6%.
Cornerstone Bancshares Inc. Employee Stock Ownership Plan W/ 401(K) Provisions-46$4,293,772$1,125,960$24,477iApproximate average salary by contribution assumption: employee only about $611,935 at 4% or $407,957 at 6%; with 50% employer match about $407,957 at 4% or $271,971 at 6%; with 100% employer match about $305,967 at 4% or $203,978 at 6%.
2006135$3,368,170$840,616$24,018iApproximate average salary by contribution assumption: employee only about $600,440 at 4% or $400,293 at 6%; with 50% employer match about $400,293 at 4% or $266,862 at 6%; with 100% employer match about $300,220 at 4% or $200,147 at 6%.
Cornerstone Bancshares Inc. Employee Stock Ownership Plan W/ 401(K) Provisions-35$3,368,170$840,616$24,018iApproximate average salary by contribution assumption: employee only about $600,440 at 4% or $400,293 at 6%; with 50% employer match about $400,293 at 4% or $266,862 at 6%; with 100% employer match about $300,220 at 4% or $200,147 at 6%.
2005126$1,217,368$592,737$22,798iApproximate average salary by contribution assumption: employee only about $569,939 at 4% or $379,960 at 6%; with 50% employer match about $379,960 at 4% or $253,306 at 6%; with 100% employer match about $284,970 at 4% or $189,980 at 6%.
Cornerstone Bancshares Inc. Employee Stock Ownership Plan W/ 401(K) Provisions-26$1,217,368$592,737$22,798iApproximate average salary by contribution assumption: employee only about $569,939 at 4% or $379,960 at 6%; with 50% employer match about $379,960 at 4% or $253,306 at 6%; with 100% employer match about $284,970 at 4% or $189,980 at 6%.
2004119$590,808$160,200$8,432iApproximate average salary by contribution assumption: employee only about $210,789 at 4% or $140,526 at 6%; with 50% employer match about $140,526 at 4% or $93,684 at 6%; with 100% employer match about $105,395 at 4% or $70,263 at 6%.
Cornerstone Bancshares Inc. Employee Stock Ownership Plan W/ 401(K) Provisions-19$590,808$160,200$8,432iApproximate average salary by contribution assumption: employee only about $210,789 at 4% or $140,526 at 6%; with 50% employer match about $140,526 at 4% or $93,684 at 6%; with 100% employer match about $105,395 at 4% or $70,263 at 6%.
2003112$438,929$373,323$31,110iApproximate average salary by contribution assumption: employee only about $777,756 at 4% or $518,504 at 6%; with 50% employer match about $518,504 at 4% or $345,669 at 6%; with 100% employer match about $388,878 at 4% or $259,252 at 6%.
Cornerstone Bancshares Inc. Employee Stock Ownership Plan W/ 401(K) Provisions-12$438,929$373,323$31,110iApproximate average salary by contribution assumption: employee only about $777,756 at 4% or $518,504 at 6%; with 50% employer match about $518,504 at 4% or $345,669 at 6%; with 100% employer match about $388,878 at 4% or $259,252 at 6%.