Plan Snapshot
- Plan Sponsor: Bacon Farmer Workman Retirement Plan
- Sponsor EIN: 611310314
- Sponsor Address: 2301 MCCRACKEN BLVD, PADUCAH, KY, 42001
- Plan Type: 401(k)
- Total Participants: 174
- Total Assets: $22.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 174 | $22.8M | $799,664 | $1.9M |
| 2023 | 160 | $17.8M | $497,981 | $1.5M |
| 2022 | 137 | $14.1M | $362,541 | $1.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WILLIAMS, WILLIAMS, & LENTZ LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $20,222 | $7,313 | — | — | — |
| 2023 | $15,318 | — | — | $9,900 | — |
| 2022 | $21,628 | — | — | — | — |