Plan Snapshot
- Plan Sponsor: Traditional Bank, INC.
- Sponsor EIN: 610284535
- Sponsor Address: P. O. BOX 326, MT. STERLING, KY, 40353
- Plan Type: 401(k)
- Total Participants: 263
- Total Assets: $38.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 263 | $38.8M | $1.5M | $1.1M |
| 2023 | 279 | $34.6M | $1.4M | $1.1M |
| 2022 | 256 | $28.2M | $1.2M | $919,951 |
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 |
|---|---|---|---|---|
| FAULKNER, KING & WENZ, PSC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FAULKNER, KING & WENZ, PSC — Auditor
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 | -$34,196 | -$34,196 | — | — | — |
| 2023 | -$62,123 | -$62,123 | — | — | — |
| 2022 | $69,353 | — | — | — | $69,353 |