Retirement plan

ARORA AND ASSOCIATES, P.C. PENSION PLAN

Name: ARORA AND ASSOCIATES, P.C. - ARORA AND ASSOCIATES, P.C. PENSION PLAN (2023) Form 5500
Creator: ARORA AND ASSOCIATES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARORA AND ASSOCIATES, P.C. PENSION PLAN, ARORA AND ASSOCIATES, P.C.

ARORA AND ASSOCIATES, P.C.EIN 22-2350558Plan #001PY 2023

1200 LENOX DRIVE, SUITE 200 - LAWRENCEVILLE, NJ 086482329609-844-1111arorapc.comLinkedIn51-200 employeescivil engineering

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$34.3M

+12.2% from 2022

Total participants

140

-3.4% from 2022

Average account balance

$250,205

+17.9% from 2022

Annual return

17.69%

+36.84 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.84M

Not enough data

1 years with asset history on file

Average account balance

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

$270K

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.

144

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+15.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$778

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$74,941
MMA SECURITIES LLC2 years Service code 13 · EIN 52-2189187	Contract Administrator	$18,337
STAMBAUGH NESS PC2 years Filed as: STAMBAUGH NESS Service code 10 220 ST CHARLES WAY · YORK, PA 17402	Accounting	$13,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$106K

$1096 / participant

Investment mgmt$18K17.3%
Contract admin$75K70.5%
Other / not subdivided$13K12.2%

% of EOY assets

0.310%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: STAMBAUGH NESS, INC
Auditor EIN: 232846715
Audit fees: $13,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$250,205

$93,598+167.3%

$135,974+84.0%

$75,173+232.8%

Participation rate

96.9%

75.2%+21.7pp

81.9%+15.0pp

67.2%+29.7pp

Annual return

17.69%

30.89%-13.2pp

68.30%-50.6pp

160.72%-143.0pp

Employer contribution / active EE

$950

$3,538-73.2%

$4,859-80.5%

$2,671-64.4%

Participant deferral / active EE

$13,079

$6,405+104.2%

$7,760+68.5%

$4,126+217.0%

Admin fee / account holder

$776

$6,978-88.9%

$10,767-92.8%

$5,651-86.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$74,941

MMA SECURITIES LLC2 years

Service code 13 · EIN 52-2189187

Contract Administrator

$18,337

STAMBAUGH NESS PC2 years

Filed as: STAMBAUGH NESS

Service code 10

220 ST CHARLES WAY · YORK, PA 17402

Accounting

$13,000

ARORA AND ASSOCIATES, P.C. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARORA AND ASSOCIATES, P.C. PENSION PLAN

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