Bankfirst Financial Services 401(K) Profit Sharing Plan — Form 5500 plan (Bankfirst Financial Services)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Bankfirst Financial Services 401(K) Profit Sharing Plan is a benefit plan reported by Bankfirst Financial Services under EIN 64-0202970 and plan number 003. The latest loaded filing year is 2023. The filing reports 621 participants and $37,590,126 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bankfirst Financial Services
- EIN
- 64-0202970
- Plan number
- 003
- Plan type
- 2
- Location
- Columbus, MS
- Latest filing year
- 2023
- Participants
- 621
- End-of-year plan assets
- $37,590,126
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 621 | H, C | 20240925153352NAL0005563507001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $37,590,126
- Total liabilities (EOY)
- $48,310
- Net assets (EOY)
- $37,541,816
- Net assets (BOY)
- $30,783,980
Income & contributions
- Employer contributions
- $1,200,064
- Participant contributions
- $2,054,957
- Total contributions
- $6,697,203
- Total income / additions
- $9,834,345
Expenses & distributions
- Benefits paid
- $3,002,536
- Administrative expenses
- $73,973
- Total expenses
- $3,076,509
- Net increase / (decrease)
- $6,757,836
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Mwg Retirement Plan Services | RECORDKEEPER | $73,675 | not reported in the loaded dataset | 2023 |