Retirement plan

CYPRESS 401(K) PLAN

Name: LEE FP, INC. DBA CYPRESS LIVING - CYPRESS 401(K) PLAN (2024) Form 5500
Creator: LEE FP, INC. DBA CYPRESS LIVING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CYPRESS 401(K) PLAN, LEE FP, INC. DBA CYPRESS LIVING

LEE FP, INC. DBA CYPRESS LIVINGdba CYPRESS LIVINGEIN 65-0184989Plan #001PY 2024

16451 HEALTHPARK COMMONS DR. - FORT MYERS, FL 33908239-489-0023

Prospect flagsLow assets / participant

Top hat statement on fileNQDC

Filed January 17, 2025 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

16451 Healthpark Commons Drive

Fort Myers, FL 33908

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Plans declared (1)

Troy Churchill, LFP SERP1 emp

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Total assets (EOY)

$13.7M

+20.0% from 2023

Total participants

700

+3.9% from 2023

Average account balance

$20,261

+11.5% from 2023

Annual return

12.63%

-3.54 pp from 2023

Benchmarks

See 262 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort262 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$13.72M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$20K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

677

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.63%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$133

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP3 years Service code 12 · EIN 93-1253576	Custodial (securities); Sub-transfer ...	$50,444
NFP RETIREMENT INC3 years Filed as: NFP RETIREMENT Service code 27 · EIN 33-0905143	Advisory (Plan)	$39,464

Plan features & details

Pension benefit codes2E2F2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$90K

$164 / participant

Contract admin$50K56.1%
Other / not subdivided$39K43.9%

% of EOY assets

0.655%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $39,464
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,261

$89,588-77.4%

$135,987-85.1%

$77,714-73.9%

Participation rate

95.8%

74.3%+21.5pp

76.4%+19.4pp

70.6%+25.2pp

Annual return

12.63%

17.42%-4.8pp

580.01%-567.4pp

31.26%-18.6pp

Employer contribution / active EE

$1,270

$3,491-63.6%

$4,214-69.9%

$2,727-53.4%

Participant deferral / active EE

$2,807

$5,591-49.8%

$7,027-60.0%

$4,649-39.6%

Admin fee / account holder

$133

$539-75.4%

$6,716-98.0%

$433-69.3%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP3 years

Service code 12 · EIN 93-1253576

Custodial (securities); Sub-transfer ...

$50,444

NFP RETIREMENT INC3 years

Filed as: NFP RETIREMENT

Service code 27 · EIN 33-0905143

Advisory (Plan)

$39,464

CYPRESS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CYPRESS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion