Retirement plan

CYPRESS HCM INC 401(K) PROFIT SHARING PLAN AND TRUST

Name: CYPRESS HCM INC. - CYPRESS HCM INC 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: CYPRESS HCM INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CYPRESS HCM INC 401(K) PROFIT SHARING PLAN AND TRUST, CYPRESS HCM INC.

CYPRESS HCM INC.EIN 82-0852673Plan #001PY 2024

2121 N CALIFORNIA BLVD SUITE 760 - WALNUT CREEK, CA 945963572415-735-3185cypresshcm.comLinkedIn51-200 employeesstaffing and recruiting

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$8.6M

+40.6% from 2023

Total participants

374

+7.8% from 2023

Average account balance

$55,525

+62.6% from 2023

Annual return

27.82%

+4.52 pp from 2023

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.55M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

154

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.

23.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

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

+27.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$178

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC3 years Service code 27 4340 REDWOOD HWY SUITE B60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$17,453
PENTEGRA SERVICES, INC.1 year Filed as: PENTEGRA SERVICES INC Service code 13 701 WESTCHESTER AVE STE 320E · WHITE PLAINS, NY 10604	Contract Administrator	$5,645
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$4,205
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Filed as: LEAFHOUSE FINANCIAL ADVISORS,LLC Service code 99 6300 BRIDGE POINT PKWAY BLDG 1 · AUSTIN, TX 787305097	Other Fees	$3,491
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWR ANNUITY INSURANCE COMPANY OF Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLIAGE, CO 80111	Recordkeeping Fees	$920

Plan features & details

Pension benefit codes2T2E2J2G2F3D3H2K

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$27K

$96 / participant

Contract admin$27K100.0%

% of EOY assets

0.320%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,525

$106,264-47.7%

$147,117-62.3%

$77,762-28.6%

Participation rate

23.1%

78.4%-55.3pp

82.2%-59.1pp

70.6%-47.5pp

Annual return

27.82%

56.94%-29.1pp

420.54%-392.7pp

31.27%-3.4pp

Employer contribution / active EE

$620

$4,074-84.8%

$4,932-87.4%

$2,728-77.3%

Participant deferral / active EE

$3,571

$8,003-55.4%

$8,065-55.7%

$4,651-23.2%

Admin fee / account holder

$178

$334-46.8%

$12,993-98.6%

$433-58.9%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC3 years

Service code 27

4340 REDWOOD HWY SUITE B60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$17,453

PENTEGRA SERVICES, INC.1 year

Filed as: PENTEGRA SERVICES INC

Service code 13

701 WESTCHESTER AVE STE 320E · WHITE PLAINS, NY 10604

Contract Administrator

$5,645

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$4,205

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Filed as: LEAFHOUSE FINANCIAL ADVISORS,LLC

Service code 99

6300 BRIDGE POINT PKWAY BLDG 1 · AUSTIN, TX 787305097

Other Fees

$3,491

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWR ANNUITY INSURANCE COMPANY OF

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLIAGE, CO 80111

Recordkeeping Fees

$920

CYPRESS HCM INC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CYPRESS HCM INC 401(K) PROFIT SHARING PLAN AND TRUST

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