# Choice Financial, INC. 401(k) Plan
Source: https://planprovider.pro/companies/choice-financial-inc-401k-plan

> Choice Financial, INC.'s 401(k) plan: 112 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, INC.

- **Sponsor EIN:** 461351150

- **Sponsor Address:** 2810 N CHURCH ST. #55091, WILMINGTON, DE, 19802

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

- **Total Participants:** 112

- **Total Assets:** $5.4M

## 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|112|$5.4M|$111,684|$398,417|

| 2023|95|$4.8M|$101,114|$354,232|

| 2022|86|$4.6M|$97,916|$349,751|

## 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|

| KIECKHAFER SCHIFFER LLP|Auditor|$15,000|—|$15,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [KIECKHAFER SCHIFFER LLP](https://planprovider.pro/provider/kieckhafer-schiffer-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $15,000

- **Estimated Expense Ratio:** 0.275% 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|$22,961|$5,000|—|$15,000|—|

| 2023|$7,768|$5,000|—|—|—|

| 2022|$19,645|—|—|—|—|

## Similar Plans

- [Extreme Holding, INC.](https://planprovider.pro/companies/extreme-holding-inc-401k-plan) — 17 participants

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