Plan Ledger DOL Form 5500 · updated monthly

German American Bancorp, Inc.401(k) + ESOP (KSOP)

CITIZENS UNION BANCORP OF SHELBYVILLE, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS) · JASPER, IN · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

German American Bancorp, Inc. reported $33,518 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,699 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 0.32% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 125th-largest of 1,562 plans among Indiana employers on file, and the 865th of 4,798 in finance & insurance. In 2024, employees put in $2.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$120,853,162
Participants with balances1,044
Active participants842
Employer contributions$2,272,726
Employee contributions$5,459,042
Employer contribution per active participant$2,699
Average account balance$115,760
Benefits paid to participants$12,582,987
Plan auditUnmodified (clean) audit opinion
AuditorHARDING, SHYMANSKI AND COMPANY, P.S
Plan history3
Yearassets · accounts · employer contribution
2024$120.9M · 1,044 accts · $2.3M emplr
2023$107.7M · 1,221 accts · $2.2M emplr
2022$11.7M · 128 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,518
Total administrative$33,518
The German American Bancorp, Inc. 401(k) match · 2024
Employer contribution per active participant$2,699
Median for plans this size$3,635
2024$2,699 per active participant
2023$2,522 per active participant

German American Bancorp, Inc.'s 2024 employer contribution ran below the $3,635 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$35,685

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$33,518 · 0.03%
2023$34,008 · 0.03%
2022$65,842 · 0.32%
Same employer
Similar plansFinance & Insurance · Indiana
Group 1001 Resources LLC IN$172.3M · 0.04%
Allied Solutions, LLC IN$123.2M · 0.07%
Everwise Credit Union IN$94.1M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351547518 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.