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)
- Plan Number: 002
- Total Participants: 1,443
- Total Assets: $184.6M
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. |
|---|---|---|---|---|
| 2025 | 1,443 | $184.6M | $0 | $0 |
| 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 | Other Service Provider | $101,945 | — | $101,945 |
| MORNINGSTAR | Other Service Provider | — | $24,764 | $24,764 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $22,005 | — | $22,005 |
| BENEFIT TRUST COMPANY | Other Service Provider | — | $8,678 | $8,678 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $157,392
- Estimated Expense Ratio: 0.085% 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 |
|---|---|---|---|---|---|
| 2025 | $14,350,632 | $22,063 | $100,137 | — | — |
| 2024 | $138,143 | $17,341 | $119,252 | — | — |
| 2023 | $120,991 | $10,343 | $108,048 | — | — |
| 2022 | $136,502 | — | — | — | — |