Plan Snapshot
- Plan Sponsor: Choice Usa Beverage, INC.
- Sponsor EIN: 560592294
- Sponsor Address: 603 GROVES STREET, LOWELL, NC, 280980040
- Plan Type: 401(k)
- Total Participants: 111
- Total Assets: $6.8M
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 | 111 | $6.8M | $162,543 | $410,829 |
| 2023 | 115 | $6.0M | $158,388 | $347,781 |
| 2022 | 133 | $5.7M | $150,754 | $337,004 |
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 |
|---|---|---|---|---|
| WELLS FARGO CLEARING SERVICES, LLC | SERVICE PROVIDER | — | $11,515 | $11,515 |
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $5,219 | — | $5,219 |
| BUTLER AND STOWE, CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WELLS FARGO CLEARING SERVICES, LLC — SERVICE PROVIDER
- BUTLER AND STOWE, CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,734
- Estimated Expense Ratio: 0.247% 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 | $5,219 | $669 | $3,650 | — | — |
| 2023 | $5,208 | $458 | $3,750 | — | — |
| 2022 | $4,412 | — | — | — | — |