Plan Snapshot
- Plan Sponsor: Stock Yards Bank & Trust Company
- Sponsor EIN: 610354170
- Sponsor Address: 1040 EAST MAIN STREET, LOUISVILLE, KY, 40206
- Plan Type: 401(k)
- Total Participants: 1,113
- Total Assets: $167.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,113 | $167.3M | $4.8M | $6.3M |
| 2023 | 1,107 | $146.8M | $4.1M | $6.0M |
| 2022 | 1,080 | $139.7M | $3.0M | $5.5M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Recordkeeper | $121,045 | $5,734 | $126,779 |
| MORNINGSTAR | Recordkeeper | — | $23,487 | $23,487 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $17,098 | — | $17,098 |
| BENEFIT TRUST COMPANY | Other Service Provider | — | $7,539 | $7,539 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORNINGSTAR — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $174,903
- Estimated Expense Ratio: 0.105% 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 | $138,143 | $17,341 | $119,252 | — | — |
| 2023 | $120,991 | $10,343 | $108,048 | — | — |
| 2022 | $136,502 | — | — | — | — |