401(k) · DOL Form 5500 · 2024

Choice Financial Group, LLC 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
227
Participants Below avg headcount
48th
Percentile by assets National rank
$30,260
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Choice Financial Group, LLC 401(k) Plan · Sponsored by Choice Financial Group, LLC · Virginia · Finance & Insurance

$7M in assets, 227 participants

Choice Financial Group, LLC's Choice Financial Group, LLC 401(k) Plan reported $7M in total assets and 227 participants in its 2024 DOL Form 5500 filing, ranking in the 48th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #2,804 in Finance & Insurance (8,549 peers)

Coverage in Virginia

Choice Financial Group, LLC 401(k) Plan covers 227 participants in Virginia, about 29% of the average Virginia filer (state average ~782 per filing). Assets: $7M.

#2,804
in Finance & Insurance (8,549 peers)
+35.6%
assets growth YoY

Choice Financial Group, LLC 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

Choice Financial Group, LLC 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$6,869,119 48th percentile higher than 48% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Choice Financial Group, LLC 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Choice Financial Group, LLC 401(k) Plan sits mid-pack in the medium band (227 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Choice Financial Group, LLC 401(k) Plan end-of-year assets rose from $5M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Choice Financial Group, LLC 401(k) Plan reported net income rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 821650902 · Choice Financial Group, LLC PY 2024 · 401(k)

Choice Financial Group, LLC 401(k) Plan · $7M · 227 · 48th

  • VS-ST $7M
  • VS-ST 227
  • VS-ST 48th
  • VS-ST 401(k)
  • VS-ST near Socket Mobile, Inc. 401(k) Plan
  • VS-ST ind #2804

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Virginia →

Choice Financial Group, LLC 401(k) Plan in the asset neighbourhood

Choice Financial Group, LLC 401(k) PlanChoice Financial Group, LLC …$7MSocket Mobile, Inc. 401(k) PlanSocket Mobile, Inc. 401(k) P…$7MSphereny 401(k) Plan$7MInstitutional Equipment Inc. Retirement PlanInstitutional Equipment Inc.…$7MGuidewire, Inc. 401(k) Plan$7M
End-of-year total assets ($M) among Choice Financial Group, LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$7M
Net Income$2M
Employer EIN821650902
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Choice Financial Group, LLC)

Sponsor-wide plan assets over time

All Choice Financial Group, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$7M 97.17209763193783% vs 2022
2024 filing year
$2M$4M$6M$8M 202220232024 $3.48M $6.87M ▲ +97.4%
Year Plans Participants Total Assets
2022 1 112 $3M
2023 1 227 $5M
2024 1 227 $7M

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Choice Financial Group, LLC 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Choice Financial Group, LLC 401(k) Plan, Total assets ($B): 0.006869119 · Participants: 227Choice Financial Group, LLC 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 39.473777135 · Participants: 104719Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 16.840459887 · Participants: 62869401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 12.395006194 · Participants: 49414General Dynamics Corporation 401(k) Plan 6.0Capital One Financial Corporation Associate Savings Plan, Total assets ($B): 12.04952818 · Participants: 44933Capital One Financial Corporation Associate Savings PlanLeidos, Inc. Retirement Plan, Total assets ($B): 11.790942581 · Participants: 29734Leidos, Inc. Retirement Plan
Choice Financial Group, LLC 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Choice Financial Group, LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Socket Mobile, Inc. 401(k) Plan in CA ($7M); by covered participants it is Its-Sprinturf Holdings, LLC Retirement Plan in SC (227 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($7M here).

Similar participant headcount

Nearest other-state filings by covered participants (227 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Choice Financial Group, LLC 401(k) Plan assets move in 2024?
Choice Financial Group, LLC 401(k) Plan surged - up 35.6% during 2024, from $5M to $7M. Reported net income was $2M.
How have Choice Financial Group, LLC plan assets changed over time?
Across 3 plan years on file (2022-2024), Choice Financial Group, LLC's sponsor-wide assets grew 97.2%, from $3M to $7M.
Which 401(k) plans are similar in size to Choice Financial Group, LLC 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Socket Mobile, Inc. 401(k) Plan in CA ($7M, 47 participants).
Which 401(k) plans cover a similar participant headcount to Choice Financial Group, LLC 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Its-Sprinturf Holdings, LLC Retirement Plan in SC (227 participants, N/A in assets).