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Original filing (PDF)20251015121730NAL0002391747001
CHOICE FINANCIAL GROUP
Form 5500
FILING_RECEIVED
CHOICE FINANCIAL GROUP 401K PLAN
401(k) retirement plan
Signals · 1
No recordkeeper disclosed
Active participants
435
Accounts w/ balance
514
Plan assets (EOY)
$41.6M
Net assets (EOY)
$41.6M
How this plan invests
This plan
20 pooled trusts
Schedule D
31 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
93
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
80
Vendor stack
80
Participation health
100
Knocking points off
- 42 bps in Schedule C fees — modestly above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for CHOICE FINANCIAL GROUP.
Plan sponsor
Name
CHOICE FINANCIAL GROUP
EIN
45-0117790
Address
1697 S 42ND ST · GRAND FORKS, ND · 58201
Phone
(701) 738-4310
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2S · Automatic enrollment
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
RSM US LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsAdvisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| WILSHIRE ADVISORS LLC | 95-2755361 | — | INVESTMENT ADVISORY | $0 | — |
Broker
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| LPL FINANCIAL LLC | 42-0127290 | — | INSURANCE REP/BROKER | $55K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | CONTRACT ADMINISTRATOR | $119K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| LPL FINANCIAL LLC | 95-2834236 | — | OTHER SERVICES | $0 | — |
Investments
19 direct securities · 20 pooled funds· $48.8M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Pooled Separate Account
$28.6M
20 holdings
Uncategorized
$20.2M
19 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| PRIN LIFETIME 2045 SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 113 | Pooled Separate Account | — | $0 | $4.2M | 10.1% | |
| Principal Life Insurance Company Prin Diversified Intl SA-Z | — | — | $0 | $3.6M | 8.7% | |
| PRIN LIFETIME 2030 SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 077 | Pooled Separate Account | — | $0 | $3.5M | 8.5% | |
| PRIN LIFETIME 2025 SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 111 | Pooled Separate Account | — | $0 | $3.4M | 8.3% | |
| PRIN LIFETIME 2040 SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 078 | Pooled Separate Account | — | $0 | $3.2M | 7.7% | |
| PRIN LIFETIME 2055 SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 114 | Pooled Separate Account | — | $0 | $3.1M | 7.6% | |
| PRIN LIFETIME 2035 SEP ACT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 112 | Pooled Separate Account | — | $0 | $2.7M | 6.5% | |
| PRIN LIFETIME 2050 SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 079 | Pooled Separate Account | — | — | $2.6M | 6.3% | |
| Principal Life Insurance Company Prin MidCap Value I SA-Z | — | — | $0 | $2.6M | 6.3% | |
| Principal Life Insurance Company Principal Overseas Sep Acct-Z | — | — | $0 | $2.6M | 6.2% | |
| Principal Life Insurance Company Prin LifeTime Strat Inc SA-Z | — | — | $0 | $2.2M | 5.3% | |
| PRIN LARGECAP GROWTH I SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 066 | Pooled Separate Account | — | — | $1.8M | 4.4% | |
| Principal Life Insurance Company Prin LifeTime 2015 Sep Acct-Z | — | — | $0 | $1.8M | 4.4% | |
| PRIN LIFETIME 2060 SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 130 | Pooled Separate Account | — | — | $1.6M | 3.7% | |
| Principal Life Insurance Company Principal Guaranteed Option | — | — | $0 | $1.6M | 3.7% | |
| Principal Life Insurance Company Prin LargeCap Growth I SA-Z | — | — | $0 | $1.1M | 2.8% | |
| Cohen & Steers Re Est Sec Z Fd | — | — | $0 | $894K | 2.2% | |
| Principal Life Insurance Company Prin LifeTime 2055 Sep Acct-Z | — | — | $0 | $472K | 1.1% | |
| Fidelity Investments Fidelity Sm Cap Index Fund | — | — | $0 | $449K | 1.1% | |
| Goldman Sachs Emrg Mkts Eq R6 | — | — | $0 | $410K | 1.0% | |
| PRIN CORE FIX INC SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 118 | Pooled Separate Account | — | — | $410K | 1.0% | |
| PGIM Investments PGIM High Yield R6 Fund | — | — | $0 | $401K | 1.0% | |
| PRIN DIVERSIFIED INTL SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 015 | Pooled Separate Account | — | — | $349K | 0.8% | |
| JP Morgan Funds JP Morgan US Value R6 Fund | — | — | $0 | $349K | 0.8% | |
| Fidelity Investments Fidelity Mid Cp Index Fund | — | — | $0 | $348K | 0.8% | |
| Neuberger Berman Management Neub Berm Sm Cp Growth R6 Fund | — | — | $0 | $339K | 0.8% | |
| PRIN LIFETIME STRAT INC SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 080 | Pooled Separate Account | — | — | $339K | 0.8% | |
| BlackRock iShares MSCI EAFE Int Idx K Fd | — | — | $0 | $320K | 0.8% | |
| PRINCIPAL OVERSEAS SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 116 | Pooled Separate Account | — | $0 | $306K | 0.7% | |
| BlackRock iShares S&P 500 Index K Fund | — | — | $0 | $276K | 0.7% | |
| Schwab Funds Schwab US Agg Bond Index Fund | — | — | $0 | $251K | 0.6% | |
| PRIN SMCAP VALUE II SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 096 | Pooled Separate Account | — | $0 | $248K | 0.6% | |
| PRIN LIFETIME 2065 SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 173 | Pooled Separate Account | — | $0 | $231K | 0.6% | |
| PRIN MIDCAP GROWTH SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 021 | Pooled Separate Account | — | $0 | $212K | 0.5% | |
| Principal Life Insurance Company Prin LifeTime 2040 Sep Acct-Z | — | — | $0 | $194K | 0.5% | |
| PRIN MIDCAP VALUE I SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 043 | Pooled Separate Account | — | — | $194K | 0.5% | |
| PRIN LIFETIME 2020 SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 076 | Pooled Separate Account | — | $0 | $123K | 0.3% | |
| PRIN LIFETM 2070 SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 179 | Pooled Separate Account | — | $0 | $69K | 0.2% | |
| PRIN LIFETIME 2015 SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 110 | Pooled Separate Account | — | — | $173 | <0.1% |
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