Plan Snapshot
- Plan Sponsor: Traditional Bank, INC.
- Sponsor EIN: 610284535
- Sponsor Address: P. O. BOX 326, MT. STERLING, KY, 40353
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 325
- Total Assets: $46.3M
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. |
|---|---|---|---|---|
| 2025 | 325 | $46.3M | $0 | $0 |
| 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 |
|---|---|---|---|---|
| KEYSTONE FINANCIAL GROUP LLC | Investment Advisor | $53,172 | — | $53,172 |
| FAULKNER KING WENZ PSC | Auditor | $10,750 | — | $10,750 |
| TRANSAMERICA LIFE INSURANCE CO | Recordkeeper | $7,472 | — | $7,472 |
| MESIROW FINANCIAL, INC | Investment Advisor | $7,232 | — | $7,232 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,626
- Estimated Expense Ratio: 0.170% 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 | $1,206,690 | — | — | — | — |
| 2024 | -$34,196 | -$34,196 | — | — | — |
| 2023 | -$62,123 | -$62,123 | — | — | — |
| 2022 | $69,353 | — | — | — | $69,353 |