Retirement plan

STOCK YARDS BANK & TRUST COMPANY 401K AND EMPLOYEE STOCK OWNERSHIP PLAN

Name: STOCK YARDS BANK & TRUST COMPANY - STOCK YARDS BANK & TRUST COMPANY 401K AND EMPLOYEE STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: STOCK YARDS BANK & TRUST COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STOCK YARDS BANK & TRUST COMPANY 401K AND EMPLOYEE STOCK OWNERSHIP PLAN, STOCK YARDS BANK & TRUST COMPANY

STOCK YARDS BANK & TRUST COMPANYEIN 61-0354170Plan #002PY 2024

1040 EAST MAIN STREET - LOUISVILLE, KY 40206502-625-3755syb.comLinkedIn501-1000 employeesbanking

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed July 16, 2006 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$167.3M

+14.0% from 2023

Total participants

1,407

-3.3% from 2023

Average account balance

$138,964

+16.6% from 2023

Annual return

18.90%

+9.16 pp from 2023

Benchmarks

See 609 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort609 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$167.31M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$139K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,204

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.90%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$115

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY10+ years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$126,779
MORNINGSTAR9 years Service code 27 · EIN 36-3297908	Advisory (Plan)	$23,487
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$17,098
BENEFIT TRUST COMPANY9 years Service code 21 · EIN 43-1971558	Bank Trustee	$7,539

Plan features & details

Pension benefit codes2E2F2H2I2K2P2T3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I
Stock bonus
Stock bonus plan.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$138K

$124 / participant

Investment mgmt$17K12.6%
Contract admin$119K86.3%
Other / not subdivided$2K1.1%

% of EOY assets

0.083%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HARDING, SHYMANSKI, & COMPANY PSC
Auditor EIN: 351346211
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$138,964

$122,585+13.4%

$184,256-24.6%

$200,096-30.6%

Participation rate

81.8%

86.9%-5.2pp

86.8%-5.1pp

72.0%+9.7pp

Annual return

18.90%

144.12%-125.2pp

28.85%-9.9pp

34.26%-15.4pp

Employer contribution / active EE

$4,329

$4,571-5.3%

$6,427-32.6%

$3,038+42.5%

Participant deferral / active EE

$5,652

$7,972-29.1%

$9,133-38.1%

$5,090+11.0%

Admin fee / account holder

$115

$120-4.5%

$13,899-99.2%

$269-57.4%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY10+ years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$126,779

MORNINGSTAR9 years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$23,487

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$17,098

BENEFIT TRUST COMPANY9 years

Service code 21 · EIN 43-1971558

Bank Trustee

$7,539

STOCK YARDS BANK & TRUST COMPANY 401K AND EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STOCK YARDS BANK & TRUST COMPANY 401K AND EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion