Plan Snapshot
- Plan Sponsor: Planters Bank
- Sponsor EIN: 611293646
- Sponsor Address: P.O. BOX 1570, HOPKINSVILLE, KY, 422411570
- Plan Type: 401(k)
- Total Participants: 163
- Total Assets: $28.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 163 | $28.0M | $845,298 | $910,656 |
| 2023 | 155 | $25.7M | $821,699 | $871,997 |
| 2022 | 146 | $33.2M | $973,494 | $829,932 |
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 |
|---|---|---|---|---|
| ELLIOTT DAVIS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $23,692 | $23,692 | — | — | — |
| 2023 | $24,452 | $24,452 | — | — | — |
| 2022 | $22,821 | $22,821 | — | — | — |