Lg&e and Ku Energy LLC 401(k) Review & Grade
Lg&e and Ku Savings Plan
Louisville, KYUtilities2,916 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,675Employer $ per active participant
$11,103Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$1.0BNet plan assets, end of year
$287,734Average balance per account
Score breakdown
- Employer generosity32.4 / 5065th percentile for employer $ per participant
- Low cost24.6 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 98th |
| Employee saving | 46th |
| Peers that auto-enroll | 82% |
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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
- Lg&e and Ku Energy put in about $7,675 per active participant, more than the typical peer ($6,490). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $22,377,588 |
| Participant (employee) contributions | $32,372,176 |
| Other contributions (incl. rollovers in) | $1,641,677 |
| Administrative expenses paid from the plan | $73,405 |
| Benefits paid out | $110,191,854 |
| Net assets, start / end of year | $918.6M / $1.0B |
| Active participants, start / end of year | 3,125 / 2,706 |
| Participants with account balances | 3,529 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $64,897 reported compensation |
| K&l Gates | $9,158 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133352NAL0004090144001, received 2025-10-14, EIN 20-0523163, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.