Community Trust Bancorp Inc 401(k) Review & Grade
Community Trust Bancorp Inc Savings Plan
Pikeville, KYFinance & Insurance918 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,442Employer $ per active participant
$3,467Employee $ saved per active participant
$0 reportedDirect admin cost, % of plan assets
$84.3MNet plan assets, end of year
$97,551Average balance per account
Score breakdown
- Employer generosity6.6 / 5013th percentile for employer $ per participant
- Low cost12.5 / 25No direct expenses reported, scored neutral
- Employee saving1.3 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | neutral |
| Employee saving | 8th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Community Trust Bancorp put in about $1,442 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- The plan reported no administrative expenses paid from plan assets. The employer may pay them, or the costs may be built into fund fees. Check your 404(a)(5) fee disclosure for each fund's expense ratio.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,324,031 |
| Participant (employee) contributions | $3,184,468 |
| Other contributions (incl. rollovers in) | $163,184 |
| Administrative expenses paid from the plan | $0 |
| Benefits paid out | $11,255,622 |
| Net assets, start / end of year | $77.5M / $84.3M |
| Active participants, start / end of year | 900 / 937 |
| Participants with account balances | 864 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
| Employer stock held by plan | $16,150,499 |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250715145808NAL0005015218001, received 2025-07-15, EIN 61-0979818, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.