Plan Ledger DOL Form 5500 · updated monthly

Florida Arthritis and Rheumatology Associates, LLC dba Aara401(k)

AARA 401(K) PLAN · VERO BEACH, FL · plan year 2022

Reported admin expense ratio · 2022
0.43%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Florida Arthritis and Rheumatology Associates, LLC dba Aara reported $87,834 in plan administrative expenses for 2022: 0.43% of average plan assets, above the peer median. Employer contributions averaged $1,380 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,112th-largest of 3,644 plans among Florida employers on file, and the 3,689th of 11,911 in health care & social assistance. In 2022, employees put in $2.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,076,973
Participants with balances349
Active participants708
Employer contributions$977,264
Employee contributions$2,890,133
Employer contribution per active participant$1,380
Average account balance$57,527
Benefits paid to participants$1,350,261
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $613K emplr
2022$20.1M · 349 accts · $977K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$87,834
Total administrative$87,834
The Florida Arthritis and Rheumatology Associates, LLC dba Aara 401(k) match · 2022
Employer contribution per active participant$1,380
Median for plans this size$2,266

Florida Arthritis and Rheumatology Associates, LLC dba Aara's 2022 employer contribution ran below the $2,266 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$87,834 · 0.43%
Similar plansHealth Care & Social Assistance · Florida
Sanitas USA, Inc. FL$21.5M · 0.65%
Monte Nido & Affiliates FL$20.3M · 0.75%
Magruder Eye Institute FL$20.2M · 0.26%
Femg Holdings, LLC FL$20.1M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462817349 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.