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FORM 5500 DATA

Frost Brown Todd LLC Retirement Savings Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1976
  • Net Assets as of 12/31/2019 $277,842,165
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants614
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits265
  • Subtotal879
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total880
  • Total number of participants as of 01/01/2019859
  • Number of participants with account balances791
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address400 West Market Street, Suite 3200
  • CityLouisville
  • StateKY
  • Zip40202
  • Telephone(502) 779-8413
  • EIN61-0722001
  • Industry Code541110
  • Named AdministratorDebbie Hardesty

Audit Information

  • Audit StatusAudited
  • AuditorHarding, Shymanski & Company, P.S.C
  • Auditor EIN35-1346211
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
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 if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3B Self-Employed Plan Plan covering Self-Employed individuals.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? No
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $66,318,937
Contributions $12,742,244
Cash Contributions $12,742,244
Cash from Employers $6,243,536
Cash from Participants $4,923,880
Others (including rollovers) $1,574,828
Noncash Contributions $0
Total Earnings on Investments $53,576,693
Total Interest $85,780
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $85,780
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $53,490,913
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $8,750,391
Total Benefit Payments $8,554,002
Directly to participants or beneficiaries, including direct rollovers $8,554,002
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $196,389
Professional Fees $55,214
Contract Administrator Fees $0
Investment Advisory and management fees $25,093
Other Administrative Fees $116,082
Net Income $57,568,546
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $13,460,168

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $277,842,165 $233,733,787 18.87%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $4,252,397 $6,371,271 -33.26%
Employer Contributions $4,252,397 $6,371,271 -33.26%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $1,561,986 $1,422,907 9.77%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $272,027,782 $225,939,609 20.40%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $277,842,165 $233,733,787 18.87%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Alliance Bernstein
  • American Beacon
  • Fidelity Investments Inst
  • Harbor Funds
  • Metropolitan West
  • Oppenheimer Funds
  • Vanguard Marketing Corp
  • Charles Schwab Inv Management Inc.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
T Rowe Price Rps Inc Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Securities brokerage, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Other commissions, Shareholder servicing fees, Float revenue, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees, Other fees Recordkeeper $113,821 $0 $113,821
Procourse Fiduciary Advisors, LLC Consulting (general), Investment advisory (plan), Direct payment from the plan Investment Manager $34,874 $0 $34,874
Access Wealth Management Inc Investment advisory (participants), Direct payment from the plan Investment Manager $12,835 $0 $12,835
Retirement Management Services, LLC Consulting (general), Direct payment from the plan NONE $11,340 $0 $11,340
Opus Capital Group LLC Investment advisory (participants), Direct payment from the plan NONE $10,616 $0 $10,616
Harding Shymanski and Company Inc Accounting (including auditing), Direct payment from the plan NONE $9,000 $0 $9,000
Charles Schwab & Co., Inc. Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees NONE $2,262 $25 $2,287
Total $194,748 $25 $194,773

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
T Rowe Price Rps Inc Harbor Capital Appreciation Fd Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Securities brokerage, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Other commissions, Shareholder servicing fees, Float revenue, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees, Other fees Fee for Shareholder Servicing Based Upon 0.1% $0
Charles Schwab & Co, Inc. Chartwell Investment Partners Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.1% $0
Charles Schwab & Co, Inc. Lazard Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.1% $0
Charles Schwab & Co, Inc. Fuller & Thaler Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.1% $0
Charles Schwab & Co, Inc. USA Mutuals Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.1% $0
Charles Schwab & Co, Inc. Royce Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.1% $0
Charles Schwab & Co, Inc. Lord Abbett Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.1% $0
Charles Schwab & Co, Inc. Fidelity Investments Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.1% $0
Charles Schwab & Co, Inc. Homestead Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.1% $0
Charles Schwab & Co, Inc. MFS Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.1% $0
Charles Schwab & Co, Inc. Virtus Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.1% $0
Charles Schwab & Co, Inc. Invesco Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.2% $0
Charles Schwab & Co, Inc. Fmi Funds Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Causeway Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Alliancebernstein Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. First Eagle Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Calamos Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Castle Investment Management Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Victory Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Pt Asset Management, LLC (Ptam) Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Permanent Portfolio Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Columbia Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Hennessy Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Baron Capital Group Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Sound Shore Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Carillon Family of Funds Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Wells Fargo Funds Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Guggenheim Investments Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Wasatch Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Cambiar Funds Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Arbitrage Fund Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Matthews Asia Funds Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Buffalo Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.4% $0
Charles Schwab & Co, Inc. Putnam Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.5% $0
T Rowe Price Rps Inc Fidelity Diversified Intern'L Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Securities brokerage, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Other commissions, Shareholder servicing fees, Float revenue, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees, Other fees Fee for Shareholder Servicing Based Upon 0.25% $0
T Rowe Price Rps Inc Ab Global Bond Fund Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Securities brokerage, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Other commissions, Shareholder servicing fees, Float revenue, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees, Other fees Fee for Shareholder Servicing Based Upon 0.15% $0
T Rowe Price Rps Inc Fidelity Adv Sm Cap Growth I Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Investment management, Securities brokerage, Participant loan processing, Participant communication, Other services, Direct payment from the plan, Investment management fees paid indirectly by plan, Other commissions, Shareholder servicing fees, Float revenue, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees, Other fees Fee for Shareholder Servicing Based Upon 0.25% $0
Charles Schwab & Co, Inc. FPA Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.06% $0
Charles Schwab & Co, Inc. Blackrock Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.06% $0
Charles Schwab & Co, Inc. Eaton Vance Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.07% $0
Charles Schwab & Co, Inc. Third Avenue Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.08% $0
Charles Schwab & Co, Inc. Primecap Odyssey Funds Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.08% $0
Charles Schwab & Co, Inc. T. Rowe Price Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.15% $0
Charles Schwab & Co, Inc. Doubleline Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.15% $0
Charles Schwab & Co, Inc. Pgim Funds (Prudential) Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.25% $0
Charles Schwab & Co, Inc. Oakmark Investment advisory (participants), Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.35% $0
Charles Schwab & Co, Inc. American Century Investments Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.35% $0
Charles Schwab & Co, Inc. Franklin Templeton Investments Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.65% $0
Charles Schwab & Co, Inc. Allianz Funds Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Shareholder Servicing Fees Based Upon 0.02 - 0.40% $0
Charles Schwab & Co, Inc. Natixis Funds Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Shareholder Servicing Fees Based Upon 0.07 - 0.40% $0
Charles Schwab & Co, Inc. Harding Loevner Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Shareholder Servicing Fees Based Upon 0.08 - 0.40% $0
Charles Schwab & Co, Inc. Metropolitan West Funds Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Shareholder Servicing Fees Based Upon 0.10 - 0.35% $0
Charles Schwab & Co, Inc. Hartford Mutual Funds Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Shareholder Servicing Fees Based Upon 0.10 - 0.40% $0
Charles Schwab & Co, Inc. Amg Funds Securities brokerage, Direct payment from the plan, Float revenue, Account maintenance fees Shareholder Servicing Fees Based Upon 0.10 - 0.40% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Frost Brown Todd LLC Master Trust Frost Brown Todd LLC DFE: Master Trust Investment Account $272,027,782
Total $272,027,782

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.