# Planters Bank 401(k) Plan
Source: https://planprovider.pro/companies/planters-bank-401k-plan

> Planters Bank's 401(k) plan: 163 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|

## Similar Plans

- [Wilson & Muir Bancorp, INC.](https://planprovider.pro/companies/wilson-muir-bancorp-inc-401k-plan) — 144 participants

- [Cumberland Valley National Bank](https://planprovider.pro/companies/cumberland-valley-national-bank-401k-plan) — 144 participants

- [The Paducah Bank & Trust Company, INC.](https://planprovider.pro/companies/the-paducah-bank-trust-company-inc-plan) — 144 participants

- [Edmonton Bancshares, INC.](https://planprovider.pro/companies/edmonton-bancshares-inc-plan) — 184 participants

- [Farmers National Bank](https://planprovider.pro/companies/farmers-national-bank-401k-plan-002-9296) — 194 participants

- [Fnb Bank, INC.](https://planprovider.pro/companies/fnb-bank-inc-401k-plan-001) — 129 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/planters-bank-401k-plan)

© 2026 PlanProvider.Pro