Plan Ledger DOL Form 5500 · updated monthly

The Cypress Club, Inc.401(k)

THE CYPRESS 401(K) RETIREMENT SAVINGS PLAN · HILTON HEAD, SC · plan year 2024

Reported admin expense ratio · 2024
0.78%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

The Cypress Club, Inc. reported $27,958 in plan administrative expenses for 2024: 0.78% of average plan assets, above the peer median. Employer contributions averaged $385 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.61% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in South Carolina (624th of 807), and 8,810th of 11,911 in health care & social assistance. In 2024, employees put in $2.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,634,174
Participants with balances99
Active participants282
Employer contributions$108,658
Employee contributions$302,894
Employer contribution per active participant$385
Average account balance$36,709
Benefits paid to participants$665,566
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 99 accts · $109K emplr
2023$3.5M · 106 accts · $112K emplr
2022$2.9M · 109 accts · $111K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,958
Total administrative$27,958
The The Cypress Club, Inc. 401(k) match · 2024
Employer contribution per active participant$385
Median for plans this size$1,313
2024$385 per active participant
2023$392 per active participant
2022$427 per active participant

The Cypress Club, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$27,957
CAMBRIDGE INVESTMENT RESEARCH INC. · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$27,958 · 0.78%
2023$23,072 · 0.72%
2022$21,374 · 0.61%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
The Sunshine House SC$3.9M · 0.78%
Medtrust Holdings, Inc. SC$2.8M · 1.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570951170 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.