Plan Ledger DOL Form 5500 · updated monthly

The Cypress of Raleigh Club Inc.401(k)

THE CYPRESS OF RALEIGH CLUB 401K PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

The Cypress of Raleigh Club Inc. reported $7,035 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $474 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 0.06% to 0.22%. 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 North Carolina (1,604th of 2,005), and 8,870th of 11,911 in health care & social assistance. In 2024, employees put in $3.15 for every $1.00 the employer contributed; active participation has grown from 258 to 298 since 2022.

Plan summary
Net assets, end of year$3,558,076
Participants with balances138
Active participants298
Employer contributions$141,262
Employee contributions$444,908
Employer contribution per active participant$474
Average account balance$25,783
Benefits paid to participants$201,237
Plan auditUnmodified (clean) audit opinion
AuditorDREHERMARTIN CPAS P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 138 accts · $141K emplr
2023$2.8M · 135 accts · $118K emplr
2022$2.1M · 120 accts · $103K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,198
Investment management$5,837
Total administrative$7,035
The The Cypress of Raleigh Club Inc. 401(k) match · 2024
Employer contribution per active participant$474
Median for plans this size$1,313
2024$474 per active participant
2023$391 per active participant
2022$399 per active participant

The Cypress of Raleigh 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
GALLAGHER FIDUCIARY ADVISORS LLC · Recordkeeping$5,837
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$2,623

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

Recordkeeper by year2
2024GALLAGHER FIDUCIARY ADVISORS LLC, OneAmerica
2023GALLAGHER FIDUCIARY ADVISORS LLC, OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$7,035 · 0.22%
2023$8,721 · 0.35%
2022$1,333 · 0.06%
Same employer
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Mountain Projects, Inc. NC$3.6M · 0.23%
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Source: U.S. Department of Labor, Form 5500 series, EIN 202818389 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.