# Pennyrile Rural Electric Corporation 401(k) Plan
Source: https://planprovider.pro/companies/pennyrile-rural-electric-corporation-401k-plan

> Pennyrile Rural Electric Corporation's 401(k) plan: 107 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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