Form 5500 · Employee benefit plan · GRAND FORKS, ND
CHOICE FINANCIAL GROUP
CHOICE FINANCIAL GROUP of GRAND FORKS, ND files a Form 5500 with the U.S. Department of Labor disclosing its employee benefit plan. Its broker of record is CHOICE FINANCIAL GROUP. Coverage is written through PRINCIPAL LIFE INSURANCE COMPANY. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 45-0117790 · plan 501 · as of Aug 2026
Plan brief
Schedule A lists 1 insured contract covering dental, life and disability; the largest, with PRINCIPAL LIFE INSURANCE COMPANY, covers 789 people.
Reported premium across the insured contracts is $604,767, with $69,813 in disclosed broker commissions — about 12% of premium.
The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Dental, Life, Disability | 789 | December | $604,767 | $69,813 |
More employer plans in North Dakota — largest plans, brokers, carriers and renewal months.