Plan Snapshot
- Plan Sponsor: First Breckinridge Bancshares, INC.
- Sponsor EIN: 611035990
- Sponsor Address: 240 NORTH 1ST STREET, IRVINGTON, KY, 40146
- Plan Type: 401(k)
- Total Participants: 379
- Total Assets: $29.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 379 | $29.5M | $772,624 | $1.3M |
| 2023 | 372 | $26.7M | $727,525 | $1.2M |
| 2022 | 356 | $22.8M | $669,082 | $1.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $43,084 | — | $43,084 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $15,632 | — | $15,632 |
| JONE, NALE & MATTINGLY PLC | AUDITOR | $14,000 | — | $14,000 |
| JONES, NALE & MATTINGLY | Auditor | $14,000 | — | $14,000 |
| NOVA 401(K) ASSOCIATES | CONTRACT ADMIN | $11,574 | — | $11,574 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JONES, NALE & MATTINGLY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,290
- Estimated Expense Ratio: 0.333% of plan assets
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 | $82,060 | $15,632 | $11,574 | $14,000 | — |
| 2023 | $52,582 | $12,480 | — | — | — |
| 2022 | $137,213 | — | $137,213 | — | — |