2023 Form 5500 filing — Amerifirst Financial Corporation Profit Sharing And Retirement Savings Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240916191027NAL0004740722001) for Amerifirst Financial Corporation Profit Sharing And Retirement Savings Plan, reported by Amerifirst Financial Corporation under EIN 38-2699549 and plan number 001. It reports 624 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240916191027NAL0004740722001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Amerifirst Financial Corporation
- EIN
- 38-2699549
- Plan number
- 001
- Location
- Kalamazoo, MI
- Participants
- 624
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Total income / additions
- $1,005,315
- Benefits paid
- $25,449,572
- Administrative expenses
- $58,285
- Total expenses
- $25,510,825
- Net increase / (decrease)
- -$24,505,510
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $46,544 | $0 |
| Mercer Global Advisors Inc. | INVESTMENT ADVISORY | $11,741 | $5 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |