Hometrust Bank 401(k) Plan: Login, Facts & Contact Information

Hometrust Bank 401(k) Plan Facts

Plan name
HOMETRUST BANK KSOP PLAN
Plan type
401(k) with employer contributions and profit sharing with a company-stock (ESOP) component
Plan sponsor
HOMETRUST BANCSHARES, INC.
Participants
832 (548 active employees)
Former employees with a balance
198
Plan assets
$90,841,158 at Dec 31, 2024
Average account balance
$121,934 across 745 accounts
Employer contributions
$1,486,289 in plan year 2024 (25% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 1, 1984
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing✓ Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 27, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $5.91 million went into the plan in contributions, $1.49 million of it from the employer (25%).
  • $6.64 million was paid out to participants.
  • Investment and other income added $13.9 million.
  • Administrative expenses were $193,334, about $260 per account.

How the Hometrust Bank 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019775$67.5 million$376,960$4.32 million
2020834$66.2 million$1.55 million$3.29 million
2021868$83.3 million$1.39 million$5.66 million
2022823$66.9 million$1.42 million$6.03 million
20231,017$78.5 million$1.55 million$4.80 million
2024832$90.8 million$1.49 million$6.64 million

Hometrust Bank 401(k) Contact Information

Phone
828-259-3939
Mailing address
10 WOODFIN STREET, ASHEVILLE NC 288013022
Plan sponsor
HOMETRUST BANCSHARES, INC.
Employer identification number (EIN)
56-0181785
Plan number
002

Questions about the Hometrust Bank 401(k)

Does Hometrust Bank contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.49 million, 25% of all contributions.

Does the Hometrust Bank 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Hometrust Bank 401(k) plan?

832 participants at the start of plan year 2024, 548 of them active employees, and 198 former employees who still had money in the plan.

What is the average 401(k) balance at Hometrust Bank?

About $121,934 per account: $90.8 million in plan assets across 745 accounts with a balance at the end of plan year 2024.

Who manages the Hometrust Bank 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Hometrust Bank. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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