Plan Ledger DOL Form 5500 · updated monthly

Republic Bancorp, Inc.401(k)

REPUBLIC BANCORP, INC. 401(K) RETIREMENT PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Republic Bancorp, Inc. reported $327,228 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $3,129 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 0.20% to 0.23%. 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 64th-largest of 871 plans among Kentucky employers on file, and the 722nd of 4,798 in finance & insurance. In 2024, employees put in $2.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$154,477,526
Participants with balances1,249
Active participants995
Employer contributions$3,113,737
Employee contributions$6,918,224
Employer contribution per active participant$3,129
Average account balance$123,681
Benefits paid to participants$9,495,735
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS MAZARS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$154.5M · 1,249 accts · $3.1M emplr
2023$132.4M · 1,281 accts · $3.1M emplr
2022$112.7M · 1,256 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$174,116
Investment management$108,005
Audit (IQPA)$44,100
Total administrative$327,228
The Republic Bancorp, Inc. 401(k) match · 2024
Employer contribution per active participant$3,129
Median for plans this size$3,635
2024$3,129 per active participant
2023$3,059 per active participant
2022$3,074 per active participant

Republic 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 · 20245
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$175,123
CREATIVE PLANNING LLC · Investment advisory (plan)$73,862
CROWE LLP · Accounting / audit$44,100
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$34,143
CHARLES SCHWAB & CO. INC · Investment advisory (participants) · Securities brokerage$330

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$327,228 · 0.23%
2023$238,740 · 0.19%
2022$254,736 · 0.20%
Similar plansFinance & Insurance · Kentucky
Humana Inc. KY$7.7B · 0.03%
Central Bancshares, Inc. KY$110.0M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610862051 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.