Plan Snapshot
- Plan Sponsor: Choice Logistics, INC.
- Sponsor EIN: 132506628
- Sponsor Address: 656 SWEDESFORD RD STE 220, WAYNE, PA, 190871622
- Plan Type: 401(k)
- Total Participants: 99
- Total Assets: $10.6M
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 | 99 | $10.6M | $327,823 | $1.0M |
| 2023 | 106 | $8.1M | $336,813 | $1.0M |
| 2022 | 115 | $6.2M | $272,565 | $871,630 |
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 |
|---|---|---|---|---|
| PERELSON WEINER LLP | 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 | $54,567 | — | $54,567 | — | — |
| 2023 | $45,096 | — | $45,096 | — | — |
| 2022 | $39,439 | — | $39,439 | — | — |