# Choice Financial Group, LLC 401(k) Plan
Source: https://planprovider.pro/companies/choice-financial-group-llc-401k-plan

> Choice Financial Group, LLC's 401(k) plan: 291 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Choice Financial Group, LLC

- **Sponsor EIN:** 821650902

- **Sponsor Address:** 5544 GREENWICH ROAD, VIRGINIA BEACH, VA, 23462

- **Plan Type:** 401(k)

- **Total Participants:** 291

- **Total Assets:** $6.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|291|$6.9M|$218,491|$898,210|

| 2023|220|$5.1M|$178,849|$702,421|

| 2022|204|$3.5M|$117,488|$452,212|

## 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|

| WALL EINHORN & CHERNITZER|Auditor|—|—|$0|

## 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|$14,394|—|$14,394|—|—|

| 2023|$11,142|—|$11,142|—|—|

| 2022|$8,245|—|$8,245|—|—|

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