Plan Snapshot
- Plan Sponsor: New Choices, INC.
- Sponsor EIN: 421444827
- Sponsor Address: 2501 18TH STREET, BETTENDORF, IA, 52722
- Plan Type: 401(k)
- Total Participants: 215
- Total Assets: $4.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 215 | $4.7M | $91,556 | $250,715 |
| 2023 | 219 | $4.1M | $103,122 | $263,564 |
| 2022 | 183 | $3.5M | $95,016 | $255,161 |
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 |
|---|---|---|---|---|
| SITRICK & ASSOCIATES, LLC | 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 | $1,365 | — | — | — | — |
| 2023 | $1,188 | — | — | — | — |
| 2022 | $108 | — | — | — | — |