Bankfirst 401k Profit Sharing Plan — Form 5500 plan (Bankfirst)
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 401k Profit Sharing Plan is a benefit plan reported by Bankfirst under EIN 47-0529225 and plan number 001. The latest loaded filing year is 2023. The filing reports 167 participants and $15,196,919 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bankfirst
- EIN
- 47-0529225
- Plan number
- 001
- Plan type
- 2
- Location
- Norfolk, NE
- Latest filing year
- 2023
- Participants
- 167
- End-of-year plan assets
- $15,196,919
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 167 | H, C | 20240904131521NAL0036506848001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,196,919
- Total liabilities (EOY)
- $73,341
- Net assets (EOY)
- $15,123,578
- Net assets (BOY)
- $12,149,558
Income & contributions
- Employer contributions
- $1,824,889
- Participant contributions
- $309,328
- Total contributions
- $2,264,658
- Total income / additions
- $4,145,032
Expenses & distributions
- Benefits paid
- $1,118,272
- Administrative expenses
- $19,156
- Total expenses
- $1,171,012
- Net increase / (decrease)
- $2,974,020
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Union Bank & Trust Company | NONE | $19,156 | $0 | 2023 |
| Matrix Clearance And Settlement | NONE | $0 | $0 | 2023 |