Plan Ledger DOL Form 5500 · updated monthly

Field & Main Bank401(k)

FIELD & MAIN BANK 401(K) PLAN · HENDERSON, KY · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Field & Main Bank reported $11,438 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,346 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 fell from 0.06% to 0.05%. 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 the 266th-largest of 871 plans among Kentucky employers on file, and 2,849th of 4,798 in finance & insurance. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,759,579
Participants with balances160
Active participants124
Employer contributions$414,842
Employee contributions$719,521
Employer contribution per active participant$3,346
Average account balance$142,247
Benefits paid to participants$2,243,401
Plan auditUnmodified (clean) audit opinion
AuditorATA , PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 160 accts · $415K emplr
2023$20.8M · 162 accts · $413K emplr
2022$20.9M · 163 accts · $398K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,438
Total administrative$11,438
The Field & Main Bank 401(k) match · 2024
Employer contribution per active participant$3,346
Median for plans this size$2,416
2024$3,346 per active participant
2023$3,355 per active participant
2022$3,345 per active participant

Field & Main Bank's 2024 employer contribution ran above 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$11,438

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$11,438 · 0.05%
2023$9,738 · 0.05%
2022$14,011 · 0.06%
Same employer
Similar plansFinance & Insurance · Kentucky
Farmers National Bank KY$27.6M · 0.19%
Wilson & Muir Bancorp, Inc. KY$23.1M · 0.59%
Park Federal Credit Union KY$22.1M · 0.30%
The Cecilian Bank KY$21.8M · 0.21%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 610297243 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.