Cypress Healthcare Partners, LLC 401(k) Review & Grade
Cypress/dod 401(k) Plan
Monterey, CAProfessional, Scientific & Technical Services918 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$446Employer $ per active participant
$2,544Employee $ saved per active participant
0.82%Direct admin cost, % of plan assets
$23.5MNet plan assets, end of year
$30,684Average balance per account
Score breakdown
- Employer generosity6.3 / 5013th percentile for employer $ per participant
- Low cost2.4 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 10th |
| Employee saving | 13th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Cypress Healthcare Partners put in about $446 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.82% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $409,360 |
| Participant (employee) contributions | $2,336,987 |
| Other contributions (incl. rollovers in) | $682,785 |
| Administrative expenses paid from the plan | $174,688 |
| Benefits paid out | $1,648,084 |
| Net assets, start / end of year | $19.2M / $23.5M |
| Active participants, start / end of year | 750 / 1,087 |
| Participants with account balances | 766 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Planchec(k) Cpa's |
Largest service providers (Schedule C)
| Commonwealth Financial Network | $74,173 reported compensation |
| The Vanguard Group, Inc. | $59,502 reported compensation |
| Pentegra Retirement Services | $54,862 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250627212101NAL0005485987001, received 2025-06-27, EIN 77-0437373, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.