Plan Ledger DOL Form 5500 · updated monthly

Investors Heritage Capital Corporation401(k)

IHCC 401(K) RETIREMENT PLAN · FRANKFORT, KY · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Investors Heritage Capital Corporation reported $5,719 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,083 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 0.01% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 341st-largest of 871 plans among Kentucky employers on file, and 475th of 786 in management of companies. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,705,034
Participants with balances137
Active participants101
Employer contributions$311,412
Employee contributions$624,290
Employer contribution per active participant$3,083
Average account balance$121,935
Benefits paid to participants$2,507,672
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.7M · 137 accts · $311K emplr
2023$16.2M · 141 accts · $312K emplr
2022$16.1M · 135 accts · $285K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,719
Total administrative$5,719
The Investors Heritage Capital Corporation 401(k) match · 2024
Employer contribution per active participant$3,083
Median for plans this size$2,416
2024$3,083 per active participant
2023$3,115 per active participant
2022$2,767 per active participant

Investors Heritage Capital Corporation'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$3,455
RETIREMENT MANAGEMENT SERVICES, LLC · Contract administrator · Other services$900

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$5,719 · 0.03%
2023$1,476 · 0.01%
2022$2,050 · 0.01%
Same employer
Similar plansManagement of Companies · Kentucky
Lbce Holdings, Inc. KY$154.7M · 0.07%
Interlock Industries, Inc. KY$38.8M · 0.08%
Argi Holdings, Inc. KY$37.9M · 0.48%
Monticello Bankshares, Inc. KY$15.7M · 0.02%
Hinkle Holding Co., LLC KY$13.1M · 0.10%
Harper Industries Inc. KY$5.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 616030333 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.