Plan Snapshot
- Plan Sponsor: Choice Academies, INC.
- Sponsor EIN: 208809933
- Sponsor Address: 2323 W. PARKSIDE LANE, PHOENIX, AZ, 85027
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 97
- Total Assets: $2.9M
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 | 97 | $2.9M | $59,872 | $298,769 |
| 2023 | 98 | $2.5M | $66,783 | $226,158 |
| 2022 | 111 | $2.2M | $79,157 | $208,614 |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | Other Service Provider | $15,158 | $236 | $15,394 |
| RBC WEALTH MANAGEMENT | Recordkeeper | $13,112 | — | $13,112 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC WEALTH MANAGEMENT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,506
- Estimated Expense Ratio: 0.969% 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 | $28,793 | $13,635 | $15,158 | — | — |
| 2023 | $26,287 | $11,544 | $14,743 | — | — |
| 2022 | $23,844 | $9,455 | $14,389 | — | — |