401(k) · DOL Form 5500 · 2022

Bankfirst Financial Services 401(k) Plan

Data updated 2026-08-25

$31M
Total assets Below avg plan size
407
Participants Below avg headcount
83rd
Percentile by assets National rank
$75,636
Avg per participant Below avg balance/head
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Official DOL plan name: Bankfirst Financial Services 401(k) Profit Sharing Plan · Sponsored by Bankfirst Financial Services · Mississippi · Finance & Insurance

$31M in assets, 407 participants

Bankfirst Financial Services's Bankfirst Financial Services 401(k) Profit Sharing Plan reported $31M in total assets and 407 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #6,733 in Finance & Insurance (9,261 peers)

Where Bankfirst Financial Services 401(k) Profit Sharing Plan sits by assets

Bankfirst Financial Services 401(k) Profit Sharing Plan sits in the top quartile of all filed plans by assets, $31M for 407 participants (~$75,636/participant), down 3.6% in 2022.

#6,733
in Finance & Insurance (9,261 peers)
-3.6%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Bankfirst Financial Services 401(k) Profit Sharing Plan's outsized position by total assets

Bankfirst Financial Services 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$30,783,980 Top 17% higher than 83% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Bankfirst Financial Services 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bankfirst Financial Services 401(k) Profit Sharing Plan sits mid-pack in the medium band (407 participants).

Plan-year Form 5500 strip

Filing strip 640202970 · Bankfirst Financial Services PY 2022 · 401(k)

Bankfirst Financial Services 401(k) Profit Sharing Plan · $31M · 407 · 83rd

  • PHOTO $31M
  • IND 407
  • EOY 83rd
  • 5500 401(k)
  • ASSETS near Team Software, LLC 401(k) Plan
  • PCT ind #6733

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Mississippi →

Bankfirst Financial Services 401(k) Profit Sharing Plan in the asset neighbourhood

Team Software, LLC 401(k) PlanTeam Software, LLC 401(k) Pl…$31MNorton Lilly International Retirement PlanNorton Lilly International R…$31MFuscoe Engineering, Inc. 401(k) Profit Sharing Plan & TrustFuscoe Engineering, Inc. 401…$31MBankfirst Financial Services 401(k) Profit Sharing PlanBankfirst Financial Services…$31MGlatt Air Techniques Inc. Profit Sharing/401(k) PlanGlatt Air Techniques Inc. Pr…$31M
End-of-year total assets ($M) among Bankfirst Financial Services 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$31M
Net Income-$1M
Employer EIN640202970
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bankfirst Financial Services)

Sponsor-wide plan assets over time

All Bankfirst Financial Services plans reported in each filing year

Latest sponsor-wide plan assets
$44M 41.974312613248834% vs 2022
2024 filing year
$25M$30M$35M$40M$45M$50M 202220232024 $30.8M $43.7M ▲ +42.0%
Year Plans Participants Total Assets
2022 1 407 $31M
2023 1 469 $38M
2024 1 460 $44M

Nearby 401(k) Plans in Mississippi

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Bankfirst Financial Services 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Mississippi, assets vs. participants Scatter plot of 6 data points. 02000400060008000 -2000200400600800 Total assets ($M) Participants Bankfirst Financial Services 401(k) Profit Sharing Plan, Total assets ($M): 30.78398 · Participants: 407Bankfirst Financial Services 401(k) Profit Sharing PlanCadence 401(k) Profit-Sharing Plan, Total assets ($M): 717.418669 · Participants: 6553Cadence 401(k) Profit-Sharing PlanErgon 401(k) Plan, Total assets ($M): 560.12104 · Participants: 3038Ergon 401(k) PlanHancock Whitney Corporation 401(k) Savings Plan, Total assets ($M): 467.614065 · Participants: 3323Hancock Whitney Corporation 401(k) Savings PlanSouthern Farm Bureau and Adopting Companies 401(k) Plan, Total assets ($M): 432.693601 · Participants: 2626Southern Farm Bureau and Adopting Companies 401(k) PlanTrustmark 401(k) Plan, Total assets ($M): 344.903275 · Participants: 2730Trustmark 401(k) Plan
Bankfirst Financial Services 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Mississippi, assets vs. participants
Compare Bankfirst Financial Services 401(k) Profit Sharing Plan side-by-side with 3 peers →

Bankfirst Financial Services 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Mississippi, the nearest 401(k) by assets is Team Software, LLC 401(k) Plan in NE ($31M); by covered participants it is Dura Automotive Systems 401(k) Retirement Plan in MI (407 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (407 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bankfirst Financial Services 401(k) Profit Sharing Plan assets move in 2022? ▼
Bankfirst Financial Services 401(k) Profit Sharing Plan edged down modestly - down 3.6% during 2022, from $32M to $31M. Reported net income was -$1M.
How have Bankfirst Financial Services plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bankfirst Financial Services's sponsor-wide assets grew 42.0%, from $31M to $44M.
Where does Bankfirst Financial Services 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Bankfirst Financial Services 401(k) Profit Sharing Plan ranks in the 83rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Bankfirst Financial Services 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Team Software, LLC 401(k) Plan in NE ($31M, 158 participants).
Which 401(k) plans cover a similar participant headcount to Bankfirst Financial Services 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Dura Automotive Systems 401(k) Retirement Plan in MI (407 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 640202970.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.