401(k) retirement plan - Kentucky Farm Bureau

401(k) retirement plan

We care about our employees’ financial security by providing a competitive 401(k) Plan. 

Our 401(k) plan offers three ways to save for the future.

  1. Employee pre-tax or Roth contributions: Participants may defer up to 100% of pay, up to the maximum annual IRS allowable contribution.
  2. KFB’s matching contributions after 6 months of employment: Participants receive a match of 50% of the first 6% of pay the employee contributes and are 100% vested immediately.
  3. KFB’s profit sharing contribution: The profit-sharing contribution is based on years of service.  Regardless of employee participation in the plan, KFB will contribute a percentage of your base pay to your 401(k) plan, as shown below.  Profit Sharing contributions are 100% vested after 3 years.  
Years % of pay contributed on your behalf
6 months up to 5 years 5%
5 years up to 10 years 8%
10 years +  10%