# Principle Choice Solutions, LLC 401(k) Plan
Source: https://planprovider.pro/companies/principle-choice-solutions-llc-401k-plan

> Principle Choice Solutions, LLC's 401(k) plan: 710 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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