Plan Snapshot
- Plan Sponsor: Arora And Associates, P.C.
- Sponsor EIN: 222350558
- Sponsor Address: 1200 LENOX DRIVE, SUITE 200, LAWRENCEVILLE, NJ, 086482329
- Plan Type: 401(k)
- Total Participants: 115
- Total Assets: $38.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 115 | $38.8M | $1.2M | $1.3M |
| 2023 | 97 | $34.3M | $92,109 | $1.3M |
| 2022 | 102 | $30.6M | $147,512 | $1.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $75,413 | — | $75,413 |
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $22,389 | — | $22,389 |
| STAMBAUGH NESS | ACCOUNTANT | $14,300 | — | $14,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STAMBAUGH NESS — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $112,102
- Estimated Expense Ratio: 0.289% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $112,103 | — | — | — | — |
| 2023 | $106,278 | $18,337 | $74,941 | $13,000 | — |
| 2022 | $139,637 | $26,086 | $76,941 | — | $36,610 |