Plan Snapshot
- Plan Sponsor: Pennyrile Rural Electric Corporation
- Sponsor EIN: 610305525
- Sponsor Address: 2000 HARRISON STREET, HOPKINSVILLE, KY, 42241
- Plan Type: 401(k)
- Total Participants: 107
- Total Assets: $26.3M
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 | 107 | $26.3M | $493,828 | $899,652 |
| 2023 | 110 | $23.4M | $458,859 | $862,705 |
| 2022 | 105 | $21.3M | $440,624 | $828,397 |
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 |
|---|---|---|---|---|
| DUGUID, GENTRY & ASSOCIATES, PS | Auditor | $11,994 | — | $11,994 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,994
- Estimated Expense Ratio: 0.046% 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 | $69,954 | $31,706 | — | $11,994 | — |
| 2023 | $62,222 | $27,573 | — | $11,332 | — |
| 2022 | $58,730 | — | $58,730 | — | — |