2023 Form 5500 filing — Choice Financial Group 401k Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015163007NAL0030346369001) for Choice Financial Group 401k Plan, reported by Choice Financial Group under EIN 45-0117790 and plan number 001. It reports 572 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015163007NAL0030346369001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Choice Financial Group
- EIN
- 45-0117790
- Plan number
- 001
- Location
- Grand Forks, ND
- Participants
- 572
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $46,228,146
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $46,228,146
- Employer contributions
- $1,983,647
- Participant contributions
- $4,168,128
- Total income / additions
- $14,170,874
- Benefits paid
- $4,956,489
- Administrative expenses
- $92,419
- Total expenses
- $5,048,908
- Net increase / (decrease)
- $9,121,966
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $92,419 | $0 |
| Lpl Financial LLC | OTHER SERVICES | $0 | $9,534 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |