Retirement plan

AURORA SALARY DEFERRED SAVINGS PLAN

Name: AURORA CARES, LLC DBA TARA CARES - AURORA SALARY DEFERRED SAVINGS PLAN (2023) Form 5500
Creator: AURORA CARES, LLC DBA TARA CARES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AURORA SALARY DEFERRED SAVINGS PLAN, AURORA CARES, LLC DBA TARA CARES

AURORA CARES, LLC DBA TARA CARESEIN 36-4530507Plan #001PY 2023

3690 SOUTHWESTERN BOULEVARD - ORCHARD PARK, NY 14127716-972-2387LinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$18.4M

+12.8% from 2022

Total participants

5,845

-0.3% from 2022

Average account balance

$34,945

+12.1% from 2022

Annual return

17.37%

+32.83 pp from 2022

Benchmarks

See 224 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort224 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.42M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

526

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.

6.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$268

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

+13.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144

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 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY4 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$66,281
THE 401(K) EXPERT LLC4 years Service code 99 · EIN 82-2246608	Other Fees	$20,000

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$66K

$12 / participant

Contract admin$65K97.7%
Other / not subdivided$2K2.3%

% of EOY assets

0.361%

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: FREED MAXICK CPAS
Auditor EIN: 454051133
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,945

$59,312-41.1%

$149,723-76.7%

$103,590-66.3%

Participation rate

6.7%

70.3%-63.6pp

78.8%-72.1pp

73.3%-66.6pp

Annual return

17.37%

78.03%-60.7pp

134.50%-117.1pp

33.13%-15.8pp

Employer contribution / active EE

$2,187-100.0%

$4,821-100.0%

$3,213-100.0%

Participant deferral / active EE

$237

$3,719-93.6%

$5,682-95.8%

$5,214-95.5%

Admin fee / account holder

$126

$103+22.7%

$13,215-99.0%

$114+10.4%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY4 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$66,281

THE 401(K) EXPERT LLC4 years

Service code 99 · EIN 82-2246608

Other Fees

$20,000

AURORA SALARY DEFERRED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AURORA SALARY DEFERRED SAVINGS 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