Plan Snapshot
- Plan Sponsor: Principle Choice Solutions, LLC
- Sponsor EIN: 472275889
- Sponsor Address: 4222 FORTUNA CENTER PLAZA #806, DUMFRIES, VA, 220251515
- Plan Type: 401(k)
- Total Participants: 710
- Total Assets: $4.2M
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 | 710 | $4.2M | $220,971 | $645,794 |
| 2023 | 625 | $2.8M | $178,864 | $497,344 |
| 2022 | 483 | $1.8M | $133,972 | $488,258 |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT 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 | $43,817 | $13,481 | — | — | — |
| 2023 | $28,154 | $8,660 | — | — | — |
| 2022 | $26,710 | — | — | — | $26,710 |