New York › Health care and social assistance › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Cornerstone Treatment Facilities Network 401(k) Plan
Sponsored by Medical Arts Sanitarium, Inc., Fresh Meadows, NY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Cornerstone Treatment Facilities Network 401(k) Plan is a 401(k) plan sponsored by Medical Arts Sanitarium, Inc. of Fresh Meadows, New York. For the plan year ending 31 Dec 2024 it reported 388 participants, 197 of them active, and net assets of $11.3M.
Net assets came to $29,110 per participant, well below the $48,746 median for defined contribution plans with 250 to 499 participants and below the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $11K: $29.08 per participant, well below the same-size median of $141. Administrative expenses charged to the plan were $6,100. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $13.0M in 2016 to $11.3M in 2024 (down 13%), and participants from 290 to 388 (up 34%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $29,110 | $48,746 | $30,764 | $53,102 |
| Employer contributions per active participant | — | $2,017 | $1,536 | $2,175 |
| Schedule C compensation per participant | $29.08 | $141 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.10% | 0.30% | 0.31% | 0.26% |
| Administrative expenses per participant | $15.72 | $133 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), health care and social assistance (9,402) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 388 | $11.3M | $29,111 | — | $595K | $11K |
| 2023 | 372 | $11.3M | $30,452 | — | $583K | $6,000 |
| 2022 | 361 | $10.8M | $29,825 | $147K | $622K | $12K |
| 2021 | 239 | $34.7M | $145,213 | $591K | $631K | $6,000 |
| 2020 | 382 | $37.5M | $98,052 | $588K | $593K | $5,000 |
| 2019 | 365 | $35.6M | $97,425 | $306K | $611K | $4,000 |
| 2018 | 398 | $26.7M | $67,198 | $326K | $590K | $4,000 |
| 2017 | 429 | $25.3M | $59,065 | $183K | $561K | $2,000 |
| 2016 | 290 | $13.0M | $44,914 | $131K | $79K | $1,000 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$11,327,892
- Employer contributions—
- Participant contributions$594,802
- Rollovers and other contributions$76,121
- Total contributions$670,923
- Total income, including investment results$1,930,300
- Benefits paid$1,952,993
- Administrative expenses$6,100
- Total expenses$1,963,373
- Net income−$33,073
- Net transfers$0
- Net assets, end of year$11,294,819
Participants
- Active participants197
- Retired or separated, receiving benefits12
- Retired or separated, entitled to future benefits179
- Participants with account balances358
- Total participants, end of year388
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Voya Retirement Insurance & Annuity | Investment advisory (plan) | $0 | $5,641 |
| Morningstar | Investment advisory (plan) | $0 | $5,641 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$6,050
- Other administrative expenses$50
- Total administrative expenses$6,100
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Pooled separate accounts$9.0M · 79.8%
- Insurance company general account$1.9M · 16.5%
- Participant loans$417K · 3.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmLevine & Associates
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 622000: Hospitals.
Other plans of Medical Arts Sanitarium, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Cornerstone Employee Stock Ownership Plan | 212 | $10.2M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Helen Keller Services for the Blind 403(b) Plan | Helen Keller Services for the Blind | 388 | $29.3M | $75,566 |
| Association to Benefit Children 403(b) Plan | Association to Benefit Children | 386 | $18.6M | $48,233 |
| Mid-Erie Mental Health Services, Inc. Retirement Plan | Mid-Erie Mental Health Services, Inc. | 391 | $7.4M | $18,886 |
| 403(b) Thriftplan of Northside Center for Child Development, Inc. | 403(b) Thriftplan of Northside Center for Child Development, Inc. | 385 | $15.3M | $39,832 |
| Med Excel USA, Inc. 401(k) Profit Sharing Plan and Trust | Med Excel USA, Inc. | 392 | $10.4M | $26,496 |
| Laboratory Alliance of Central New York 401(k) Plan | Laboratory Alliance of Central New York | 385 | $19.1M | $49,537 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Cornerstone Treatment Facilities Network 401(k) Plan?
388 participants at the end of the plan year ending 31 Dec 2024, of whom 197 were active employees, with net assets of $11,294,819. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Medical Arts Sanitarium, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $11,282 in compensation to service provider organisations, $29.08 per participant or 0.10% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $6,100. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Medical Arts Sanitarium, Inc.. Investment advisory or management: Voya Retirement Insurance & Annuity and Morningstar. The financial statements were audited by Levine & Associates. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 20 Aug 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 13-1030650, plan 003, received 20 Aug 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.