Employee Benefit Plans

12 Months Ended

Jun. 30, 2020

The HomeTrust Bank KSOP Plan is comprised of two components, the 401(k) Plan and the ESOP. The KSOP benefits employees with at least 1000 hours of service during a 12-month period and who have attained age 21. Under the 401(k), the Company matches employee contributions at 50% of employee deferrals up to 6% of each employee’s compensation. The Company may also make discretionary profit sharing contributions for the benefit of all eligible participants as long as total contributions do not exceed applicable limitations. Employees become fully vested in the Company’s contributions after six years of service. Under the ESOP, the amount of the Bank's annual contribution is discretionary, however it must be sufficient to pay the annual loan payment to the Company.

The Company’s expense for 401(k) contributions to this plan was $782, $810, and $737 for the years ended June 30, 2020, 2019, and 2018, respectively. The Company's expense related to the ESOP for the fiscal year ended June 30, 2020, 2019, and 2018 was $1,195, $1,422, and $1,367, respectively.

Shares held by the ESOP at the dates indicated include the following:



	June 30,
	2020		2019
Unallocated ESOP shares	634,800		687,700
Allocated ESOP shares	370,300		317,400
ESOP shares committed to be released	52,900		52,900
Total ESOP shares	1,058,000		1,058,000
Fair value of unallocated ESOP shares	$	10,157	$	17,289

Post-retirement health care benefits are provided to certain key officers under the Company’s Executive Medical Care Plan (“EMCP”). The EMCP is unfunded and is not qualified under the IRC. Plan expense for the years ended June 30, 2020, 2019, and 2018 was $260, $210, and $224, respectively. Total accrued expenses related to this plan included in other liabilities were $5,301 and $5,289, respectively, as of June 30, 2020 and 2019.