The Cypress 401(K) Retirement Savings Plan — Form 5500 plan (The Cypress Club, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Cypress 401(K) Retirement Savings Plan is a benefit plan reported by The Cypress Club, Inc. under EIN 57-0951170 and plan number 001. The latest loaded filing year is 2023. The filing reports 284 participants and $3,523,585 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$3.5MPlan net assets, end of year$3,523,585
Participants284Covered participants reported
Assets / participant$12.4KComputed: assets ÷ participants$12,407 (computed)
Provider compensation$34.9K2 Schedule C provider row(s)$34,883
- Plan sponsor
- The Cypress Club, Inc.
- EIN
- 57-0951170
- Plan number
- 001
- Plan type
- 2
- Location
- Hilton Head, SC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 284 | H, C | 20241014154332NAL0054264626001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$3.5M total assets
Net assets$3.5MLiabilities—
Full reported line items
Net assets
- Total assets (EOY)
- $3,523,585
- Net assets (EOY)
- $3,523,585
- Net assets (BOY)
- $2,927,728
Income & contributions
- Employer contributions
- $111,580
- Participant contributions
- $312,790
- Total contributions
- $442,142
- Total income / additions
- $888,448
Expenses & distributions
- Benefits paid
- $269,519
- Administrative expenses
- $23,072
- Total expenses
- $292,591
- Net increase / (decrease)
- $595,857
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
26%74%
Employer 26%Participant 74%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income30%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMI NISTRATOR | $23,072 | $0 | 2023 |
| Cambridge Investment Research Inc. | INVESTMENT ADVISORY | $0 | $11,811 | 2023 |