Employers › Kentucky Farm Bureau Mutual Insurance
Recordkeeping fees per participant · Kentucky Farm Bureau Mutual Insurance Company 401(k) Plan · plan year 2024
$26.84
Higher than 22% of the 5,847 plans $50 to 250M that report it.
= $22,199 / 827
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250916085410NAL0004653874002, received 2025-09-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916085410NAL0004653874002, received 2025-09-16
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-16.
Administrative expenses excluding investment management, per participant
$26.84
Higher than 15% of the 8,758 plans $50 to 250M that report it.
= $22,199 / 827
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250916085410NAL0004653874002, received 2025-09-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916085410NAL0004653874002, received 2025-09-16
Administrative expenses per participant
$26.84
Higher than 9% of the 9,042 plans $50 to 250M that report it.
= $22,199 / 827
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250916085410NAL0004653874002, received 2025-09-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916085410NAL0004653874002, received 2025-09-16
Administrative expenses as a share of assets
0.020%
Higher than 9% of the 9,049 plans $50 to 250M that report it.
= $22,199 / $112,174,670
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250916085410NAL0004653874002, received 2025-09-16
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250916085410NAL0004653874002, received 2025-09-16
Employer contributions per participant
$4,201
Higher than 71% of the 9,105 plans $50 to 250M that report it.
= $3,473,995 / 827
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250916085410NAL0004653874002, received 2025-09-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916085410NAL0004653874002, received 2025-09-16
Employer share of total contributions
36.2%
Higher than 69% of the 9,112 plans $50 to 250M that report it.
= $3,473,995 / $9,586,762
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250916085410NAL0004653874002, received 2025-09-16
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250916085410NAL0004653874002, received 2025-09-16
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 2A age/service-weighted · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250916085410NAL0004653874002, received 2025-09-16
| Field | Value | Source |
|---|---|---|
| Plan sponsor | KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Plan name | KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Sponsor EIN / plan number | 61-0392792 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Sponsor location | LOUISVILLE, KY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Industry (business code) | 524290, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Filing received | 2025-09-16 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Participants, beginning of year | 829 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Active participants | 684 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Participants, end of year | 855 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Participants with an account balance | 827 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Total assets, beginning of year | $93,803,634 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Total assets, end of year | $112,174,670 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Net assets, end of year | $112,174,670 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Total income | $21,800,515 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Net income | $18,371,036 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Employer contributions | $3,473,995 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Participant contributions | $5,435,352 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Other contributions (incl. rollovers) | $677,415 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Total contributions | $9,586,762 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Benefit payments | $3,349,877 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Total expenses (incl. benefit payments) | $3,429,479 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Total administrative expenses | $22,199 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Recordkeeping fees | $22,199 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Administrative expenses excluding investment management | $22,199 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Held in common/collective trusts | $72,775,722 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Held in mutual funds | $35,312,947 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250916085410NAL0004653874002, received 2025-09-16 |
| Independent auditor | CHERRY BEKAERT LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250916085410NAL0004653874002, received 2025-09-16 |
Position = column in the DOL layout for form year 2024. Filing 20250916085410NAL0004653874002, received 2025-09-16.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONSrecordkeeper | RECORDKEEPER | 12 Claims processing; 15 Recordkeeping and information management; 28 Investment management; 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan; 54 Sales loads (front end and deferred); 59 Shareholder servicing fees; 61 Finders fees / placement fees; 62 Float revenue; 63 Distribution (12b-1) fees; 64 Recordkeeping fees; 65 Account maintenance fees | $22,199 | yes |
| NATIONAL FINANCIAL SERVICES | SECURITIES BROKER | 33 Securities brokerage; 71 Securities brokerage commissions and fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250916085410NAL0004653874002, received 2025-09-16.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $93,803,634 | $112,174,670 | 19.6% |
| Participants with a balance | 819 | 827 | 1.0% |
| Administrative expenses | $17,018 | $22,199 | 30.4% |
| Recordkeeping fees per participant | $20.78 | $26.84 | 29.2% |
| Employer contributions | $3,132,603 | $3,473,995 | 10.9% |
Prior filing 20240730095252NAL0020493841003, received 2024-07-30; the plan years are contiguous.
Sponsor name as filed: KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY; SEC registrant: Kentucky Farm Bureau Mutual Insurance Co (CIK 2131132, matched by EIN).