Plan Ledger DOL Form 5500 · updated monthly

Choice Financial Group, LLCbenefits

Choice Financial Group, LLC Welfare Benefit Plan · VIRGINIA BEACH, VA · plan year 2024

Broker compensation reported · 2024
$41,283

Choice Financial Group, LLC's benefits plans covered 288 active participants in 2024, providing health · life · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $41,283 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $143 per covered person, below the median for employer plans that report broker pay. Broker pay rose 14% from $36,083 in 2023.

Insurance contracts · 20242
CIGNA HEALTH AND LIFE INSURANCE COMPANY · healthpremiums n/a · 192 covered
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life std ltd ppopremiums n/a · 419 covered
Brokers & agents paid · 20242
CHOICE FINANCIAL GROUP, LLC$36,398 · incl $15,664 fees

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 821650902 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.