Plan Snapshot
- Plan Sponsor: Kentucky Farm Bureau Mutual Insurance Company
- Sponsor EIN: 610392792
- Sponsor Address: 9201 BUNSEN PARKWAY, LOUISVILLE, KY, 40220
- Plan Type: 401(k)
- Plan Number: 510
- Total Participants: 598
- Total Assets: $118.3M
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 | 598 | $118.3M | $34,456 | $737,439 |
| 2023 | 587 | $119.1M | $41,099 | $754,922 |
| 2022 | 592 | $112.9M | $32,331 | $601,738 |
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 |
|---|---|---|---|---|
| MACKAY SHIELDS | Investment Advisor | $185,920 | — | $185,920 |
| AON HEWITT INVESTMENT CONSULTANTS | Investment Advisor | $119,357 | — | $119,357 |
| ANTHEM HEALTH PLANS OF KENTUCKY INC | Recordkeeper | $81,012 | — | $81,012 |
| STATE STREET GLOBAL ADVISORS | Investment Advisor | $50,000 | — | $50,000 |
| BANK OF NEW YORK MELLON | Custodian / Trustee | $31,937 | — | $31,937 |
| LEGAL & GENERAL INVESTMENT MGMT | Investment Advisor | $24,288 | — | $24,288 |
| CHERRY BEKAERT LLP | Auditor | $5,160 | — | $5,160 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ANTHEM HEALTH PLANS OF KENTUCKY INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $497,674
- Estimated Expense Ratio: 0.421% 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 | $548,940 | $379,565 | $81,012 | $5,160 | — |
| 2023 | $580,318 | $371,845 | $98,009 | $20,980 | — |
| 2022 | $463,496 | $348,709 | $88,787 | — | $11,000 |