Plan Snapshot
- Plan Sponsor: Best Choice Products, INC.
- Sponsor EIN: 470894108
- Sponsor Address: 100 BAYVIEW CIR STE 100, NEWPORT BEACH, CA, 926602963
- Plan Type: 401(k)
- Total Participants: 217
- Total Assets: $5.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 217 | $5.7M | $299,125 | $996,023 |
| 2023 | 218 | $4.2M | $277,303 | $788,733 |
| 2022 | 219 | $2.6M | $234,230 | $630,668 |
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 |
|---|---|---|---|---|
| HOLTHOUSE CARLIN & VAN TRIGT LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HOLTHOUSE CARLIN & VAN TRIGT LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $39,702 | $19,329 | $20,373 | — | — |
| 2023 | $30,492 | $12,766 | $5,213 | — | — |
| 2022 | $31,131 | $12,399 | $18,394 | — | $338 |