Plan Snapshot
- Plan Sponsor: Kentucky Construction Industry Trust
- Sponsor EIN: 616094900
- Sponsor Address: 230 LEXINGTON GREEN CIRCLE, LEXINGTON, KY, 40503
- Plan Type: Health & Welfare
- Plan Number: 510
- Total Participants: 6,612
- Total Assets: $8.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 6,612 | $8.3M | $57.8M | $0 |
| 2023 | 6,920 | $8.0M | $56.9M | $0 |
| 2022 | 7,701 | $7.5M | $58.0M | $0 |
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 |
|---|---|---|---|---|
| FISERV/ASGI | Other Service Provider | $560,685 | — | $560,685 |
| PNC INSTITUTIONAL INVESTMENTS | Other Service Provider | $35,806 | — | $35,806 |
| MILLIMAN | Recordkeeper | $25,545 | — | $25,545 |
| DEAN DORTON ALLEN FORD, PLLC | Auditor | $19,950 | — | $19,950 |
| USI INSURANCE SERVICES LLC | Other Service Provider | $18,651 | — | $18,651 |
| CENTRAL BANK | Other Service Provider | $7,201 | — | $7,201 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — Recordkeeper
- DEAN DORTON ALLEN FORD, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $667,838
- Estimated Expense Ratio: 8.048% 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 | $674,028 | $43,006 | $560,685 | $19,950 | — |
| 2023 | $681,858 | $40,649 | $605,924 | $25,025 | — |
| 2022 | $717,680 | $38,537 | $646,783 | — | $32,360 |