# Choice Academies, INC. 401(k) Plan
Source: https://planprovider.pro/companies/choice-academies-inc-208809933-001

> Choice Academies, INC.'s 401(k) plan: 97 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/royal-bank-of-canada) — 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|—|—|

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