Plan Ledger DOL Form 5500 · updated monthly

Edmonton Bancshares, Inc.401(k)

EDMONTON BANCSHARES 401(K) PLAN · GLASGOW, KY · plan year 2024

Reported admin expense ratio · 2024
0.09%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Edmonton Bancshares, Inc. reported $9,136 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,634 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.02% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Kentucky (458th of 871), and 3,942nd of 4,798 in finance & insurance. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has grown from 156 to 184 since 2022.

Plan summary
Net assets, end of year$10,404,080
Participants with balances167
Active participants184
Employer contributions$300,645
Employee contributions$512,407
Employer contribution per active participant$1,634
Average account balance$62,300
Benefits paid to participants$1,948,270
Plan auditUnmodified (clean) audit opinion
AuditorFAULKNER, KING & WENZ PSC
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 167 accts · $301K emplr
2023$9.9M · 159 accts · $269K emplr
2022$7.9M · 120 accts · $212K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,694
Investment management$7,442
Total administrative$9,136
The Edmonton Bancshares, Inc. 401(k) match · 2024
Employer contribution per active participant$1,634
Median for plans this size$2,416
2024$1,634 per active participant
2023$1,496 per active participant
2022$1,359 per active participant

Edmonton Bancshares, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
WORLD INVESTMENT ADVISORS LLC · Investment advisory (plan)$7,442

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$9,136 · 0.09%
2023$759 · 0.01%
2022$1,643 · 0.02%
Similar plansFinance & Insurance · Kentucky
Abound Federal Credit Union KY$12.6M · 0.30%
Fnb Bank, Inc. KY$11.3M · 0.70%
Citizens National Bank KY$8.7M · 0.01%
Utg, Inc. KY$6.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611024153 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.