Plan Ledger DOL Form 5500 · updated monthly

First Breckinridge Bancshares, Inc.401(k)

FIRST BRECKINRIDGE BANCSHARES, INC. RETIREMENT PLAN · IRVINGTON, KY · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

First Breckinridge Bancshares, Inc. reported $82,060 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $2,039 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 0.57% to 0.29%. 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 223rd-largest of 871 plans among Kentucky employers on file, and 2,438th of 4,798 in finance & insurance. In 2024, employees put in $1.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,511,598
Participants with balances433
Active participants379
Employer contributions$772,624
Employee contributions$1,263,939
Employer contribution per active participant$2,039
Average account balance$68,156
Benefits paid to participants$2,038,935
Plan auditUnmodified (clean) audit opinion
AuditorJONES, NALE & MATTINGLY
Plan history3
Yearassets · accounts · employer contribution
2024$29.5M · 433 accts · $773K emplr
2023$26.7M · 424 accts · $728K emplr
2022$22.8M · 395 accts · $669K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,363
Investment management$15,632
Audit (IQPA)$14,000
Total administrative$82,060
The First Breckinridge Bancshares, Inc. 401(k) match · 2024
Employer contribution per active participant$2,039
Median for plans this size$2,416
2024$2,039 per active participant
2023$1,956 per active participant
2022$1,879 per active participant

First Breckinridge 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$15,632
JONE, NALE & MATTINGLY PLC · Accounting / audit$14,000
NOVA 401(K) ASSOCIATES · Contract administrator$11,574

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$82,060 · 0.29%
2023$52,582 · 0.21%
2022$137,213 · 0.57%
Same employer
Similar plansFinance & Insurance · Kentucky
L & N Federal Credit Union KY$42.6M · 0.19%
Qsi, Inc. KY$35.6M · 0.89%
Planters Bank KY$33.2M · 0.07%
Farmers National Bank KY$27.6M · 0.19%
Wilson & Muir Bancorp, Inc. KY$23.1M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611035990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.