401(k) · DOL Form 5500 · 2024

Choice Financial Group 401(k) Plan

Data updated 2026-08-25

$42M
Total assets Below avg plan size
517
Participants Below avg headcount
82nd
Percentile by assets National rank
$80,402
Avg per participant Below avg balance/head
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Official DOL plan name: Choice Financial Group 401(k) Plan · Sponsored by Choice Financial Group · North Dakota · Finance & Insurance

$42M in assets, 517 participants

Choice Financial Group's Choice Financial Group 401(k) Plan reported $42M in total assets and 517 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.

  • #6,154 in Finance & Insurance (8,549 peers)

Where Choice Financial Group 401(k) Plan sits by assets

Choice Financial Group 401(k) Plan sits in the top quartile of all filed plans by assets, $42M for 517 participants (~$80,402/participant), down 10.1% in 2024.

#6,154
in Finance & Insurance (8,549 peers)
-10.1%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Choice Financial Group 401(k) Plan's outsized position by total assets

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

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

$41,567,671 Top 18% higher than 82% 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 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 401(k) Plan sits mid-pack in the medium band (517 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Choice Financial Group 401(k) Plan reported net income fell from $9M in the plan year 2023 filing to -$5M in the plan year 2024 filing.
  • Choice Financial Group 401(k) Plan end-of-year assets fell from $46M in the plan year 2023 filing to $42M in the plan year 2024 filing.
  • Choice Financial Group 401(k) Plan reported participants rose from 474 in the plan year 2023 filing to 517 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 450117790 · Choice Financial Group PY 2024 · 401(k)

Choice Financial Group 401(k) Plan · $42M · 517 · 82nd

  • NET $42M
  • NET 517
  • NET 82nd
  • NET 401(k)
  • NET near Viscofan USA, Inc. Retirement Savings Plan
  • NET ind #6154

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 North Dakota →

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

Choice Financial Group 401(k) PlanChoice Financial Group 401(k…$42MViscofan USA, Inc. Retirement Savings PlanViscofan USA, Inc. Retiremen…$42MBaton Rouge Cardiology LLC Profit Sharing PlanBaton Rouge Cardiology LLC P…$42MGerald Metals LLC & Subsidiaries 401(k) Profit Sharing PlanGerald Metals LLC & Subsidia…$42MEtna Shared Services 401(k) & Profit Sharing PlanEtna Shared Services 401(k) …$42M
End-of-year total assets ($M) among Choice Financial Group 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$46M
Net Assets (End of Year)$42M
Net Income-$5M
Employer EIN450117790
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Choice Financial Group)

Sponsor-wide plan assets over time

All Choice Financial Group plans reported in each filing year

Latest sponsor-wide plan assets
$42M 12.023579360634805% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $37.1M $41.6M ▲ +12.0%
Year Plans Participants Total Assets
2022 1 443 $37M
2023 1 474 $46M
2024 1 517 $42M

Nearby 401(k) Plans in North Dakota

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

Choice Financial Group 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Choice Financial Group 401(k) Plan, Total assets ($B): 0.041567671 · Participants: 517Choice Financial Group 401(k) PlanSanford Retirement Savings Plan, Total assets ($B): 3.602462001 · Participants: 31958Sanford Retirement Savings PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.856387415 · Participants: 5327Knife River Corporation 401(k) Retirement PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.775551136 · Participants: 3465Mdu Resources Group, Inc. 401(k) Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.615317303 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing PlanOffutt Companies 401(k) Savings Plan, Total assets ($B): 0.591992052 · Participants: 5199Offutt Companies 401(k) Savings Plan
Choice Financial Group 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Choice Financial Group 401(k) Plan side-by-side with 3 peers →

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

Outside North Dakota, the nearest 401(k) by assets is Viscofan USA, Inc. Retirement Savings Plan in IL ($42M); by covered participants it is Magnitude 7 Metals 401(k) Plan in MO (517 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (517 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 401(k) Plan assets move in 2024? ▼
Choice Financial Group 401(k) Plan pulled back noticeably - down 10.1% during 2024, from $46M to $42M. Reported net income was -$5M.
How have Choice Financial Group plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Choice Financial Group's sponsor-wide assets grew 12.0%, from $37M to $42M.
Where does Choice Financial Group 401(k) Plan rank by assets among Form 5500 filers? ▼
Choice Financial Group 401(k) Plan ranks in the 82nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Choice Financial Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Viscofan USA, Inc. Retirement Savings Plan in IL ($42M, 526 participants).
Which 401(k) plans cover a similar participant headcount to Choice Financial Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Magnitude 7 Metals 401(k) Plan in MO (517 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 450117790.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.