Plan Ledger DOL Form 5500 · updated monthly

Kentucky Farm Bureau Mutual Insurance Company401(k)

KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY 401(K) PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Kentucky Farm Bureau Mutual Insurance Company reported $22,199 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,079 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 0.02%. 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 77th-largest of 871 plans among Kentucky employers on file, and the 919th of 4,798 in finance & insurance. In 2024, employees put in $1.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$112,174,670
Participants with balances827
Active participants684
Employer contributions$3,473,995
Employee contributions$5,435,352
Employer contribution per active participant$5,079
Average account balance$135,640
Benefits paid to participants$3,349,877
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$112.2M · 827 accts · $3.5M emplr
2023$93.8M · 819 accts · $3.1M emplr
2022$78.7M · 795 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,199
Total administrative$22,199
The Kentucky Farm Bureau Mutual Insurance Company 401(k) match · 2024
Employer contribution per active participant$5,079
Median for plans this size$3,635
2024$5,079 per active participant
2023$4,600 per active participant
2022$3,887 per active participant

Kentucky Farm Bureau Mutual Insurance Company's 2024 employer contribution ran above 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 · 20242
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$22,199
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$22,199 · 0.02%
2023$17,018 · 0.02%
2022$12,588 · 0.01%
Same employer
Similar plansFinance & Insurance · Kentucky
Republic Bancorp, Inc. KY$154.5M · 0.23%
Central Bancshares, Inc. KY$110.0M · 0.02%
Forcht Group, Inc. KY$64.3M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610392792 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.