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1ST CHOICE FINANCIAL SERVICES, INC 401K PLAN 401k Plan overview

Plan Name1ST CHOICE FINANCIAL SERVICES, INC 401K PLAN
Plan identification number 001

1ST CHOICE FINANCIAL SERVICES, INC 401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

1ST CHOICE FINANCIAL SERVICES IN has sponsored the creation of one or more 401k plans.

Company Name:1ST CHOICE FINANCIAL SERVICES IN
Employer identification number (EIN):811115241
NAIC Classification:524140

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 1ST CHOICE FINANCIAL SERVICES, INC 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ALVIN DEITRICH2024-05-30
0012022-01-01ALVIN DEITRICH2023-06-28
0012021-01-01KEVIN DEITRICH2022-11-09
0012021-01-01ALVIN DEITRICH2023-07-05
0012020-03-01KEVIN DEITRICH2022-04-28

Financial Data on 1ST CHOICE FINANCIAL SERVICES, INC 401K PLAN

Measure Date Value
2025 : 1ST CHOICE FINANCIAL SERVICES, INC 401K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-29280871
Net assets as of the end of the plan year2025-05-29186891
Total assets as of the beginning of the plan year2025-05-29337490
Value of plan covered by a fidelity bond2025-05-2934000
Participant contributions to plan in this plan year2025-05-2967502
Value of participant loans at end of plan year2025-05-295734
Other income to plan in this plan year2025-05-2940205
Plan net income in this plan year2025-05-29-150599
Net assets as of the end of the plan year2025-05-29186891
Net assets as of the beginning of the plan year2025-05-29337490
Employer contributions to plan in this plan year2025-05-2922565
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-291409
2024 : 1ST CHOICE FINANCIAL SERVICES, INC 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-301142
Net assets as of the end of the plan year2024-05-30337490
Total assets as of the beginning of the plan year2024-05-30197200
Value of plan covered by a fidelity bond2024-05-3020000
Participant contributions to plan in this plan year2024-05-3074959
Other income to plan in this plan year2024-05-3051078
Plan net income in this plan year2024-05-30140290
Net assets as of the end of the plan year2024-05-30337490
Net assets as of the beginning of the plan year2024-05-30197200
Employer contributions to plan in this plan year2024-05-3015395
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-301142
2023 : 1ST CHOICE FINANCIAL SERVICES, INC 401K PLAN 2023 401k financial data
Total expenses incurred by plan in this plan year2023-07-05479
Net assets as of the end of the plan year2023-07-05144506
Total assets as of the beginning of the plan year2023-07-0565835
Value of plan covered by a fidelity bond2023-07-057000
Participant contributions to plan in this plan year2023-07-0558719
Other income to plan in this plan year2023-07-0512931
Plan net income in this plan year2023-07-0578671
Net assets as of the end of the plan year2023-07-05144506
Net assets as of the beginning of the plan year2023-07-0565835
Employer contributions to plan in this plan year2023-07-057500
Expensese paid to adminstrative service provicers from plan in this plan year2023-07-05479

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