Choice Financial Group 401k Plan — Form 5500 plan (Choice Financial Group)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Choice Financial Group 401k Plan is a benefit plan reported by Choice Financial Group under EIN 45-0117790 and plan number 001. The latest loaded filing year is 2023. The filing reports 572 participants and $46,228,146 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Choice Financial Group
- EIN
- 45-0117790
- Plan number
- 001
- Plan type
- 2
- Location
- Grand Forks, ND
- Latest filing year
- 2023
- Participants
- 572
- End-of-year plan assets
- $46,228,146
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 572 | H, C | 20241015163007NAL0030346369001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $46,228,146
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $46,228,146
- Net assets (BOY)
- $37,106,180
Income & contributions
- Employer contributions
- $1,983,647
- Participant contributions
- $4,168,128
- Total contributions
- $7,386,949
- Total income / additions
- $14,170,874
Expenses & distributions
- Benefits paid
- $4,956,489
- Administrative expenses
- $92,419
- Total expenses
- $5,048,908
- Net increase / (decrease)
- $9,121,966
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $92,419 | $0 | 2023 |
| Lpl Financial LLC | OTHER SERVICES | $0 | $9,534 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |