401(k) · DOL Form 5500 · 2023

Bank First Corporation 401(k) Plan

Data updated 2026-08-25

$64M
Total assets Below avg plan size
409
Participants Below avg headcount
88th
Percentile by assets National rank
$155,581
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Bank First Retirement Plan · Sponsored by Bank First Corporation · Wisconsin · Finance & Insurance

$64M in assets, 409 participants

Bank First Corporation's Bank First Retirement Plan reported $64M in total assets and 409 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,203 in Finance & Insurance (8,869 peers)

Where Bank First Retirement Plan sits by assets

Bank First Retirement Plan sits in the top quartile of all filed plans by assets, $64M for 409 participants (~$155,581/participant), up 4.6% in 2023.

#7,203
in Finance & Insurance (8,869 peers)
+4.6%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Bank First Retirement Plan's outsized position by total assets

Bank First Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$63,632,463 Top 12% higher than 88% of 127,068 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 2023

Bank First Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bank First Retirement Plan sits mid-pack in the medium band (409 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bank First Retirement Plan reported net income fell from $4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Bank First Retirement Plan reported participants rose from 380 in the plan year 2022 filing to 409 in the plan year 2023 filing.
  • Bank First Retirement Plan end-of-year assets rose from $61M in the plan year 2022 filing to $64M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 391435359 · Bank First Corporation PY 2023 · 401(k)

Bank First Retirement Plan · $64M · 409 · 88th

  • EIN $64M
  • EIN 409
  • EIN 88th
  • EIN 401(k)
  • EIN near The World Group Savings and Investment Plan
  • EIN ind #7203

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 Wisconsin →

Bank First Retirement Plan in the asset neighbourhood

Grain Craft 401(k) Plan$64MElma Electronic Inc. Savings PlanElma Electronic Inc. Savings…$64MBank First Retirement Plan$64MThe World Group Savings and Investment PlanThe World Group Savings and …$64MRothwell, Figg, Ernst & Manbeck 401(k) Profit Sharing PlanRothwell, Figg, Ernst & Manb…$64M
End-of-year total assets ($M) among Bank First Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$61M
Net Assets (End of Year)$64M
Net Income$3M
Employer EIN391435359
Plan Effective Date1987-03-16
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank First Corporation)

Sponsor-wide plan assets over time

All Bank First Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$68M 11.544956735886126% vs 2022
2024 filing year
$60M$65M$70M 202220232024 $60.8M $67.9M ▲ +11.6%
Year Plans Participants Total Assets
2022 1 380 $61M
2023 1 409 $64M
2024 1 391 $68M

Nearby 401(k) Plans in Wisconsin

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

Bank First Retirement Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -20246810 Total assets ($B) Participants Bank First Retirement Plan, Total assets ($B): 0.063632463 · Participants: 409Bank First Retirement PlanAdvocate Aurora Health 401(k) Plan, Total assets ($B): 9.125723544 · Participants: 76956Advocate Aurora Health 401(k) PlanJohnson Controls Retirement Savings and Investment Plan, Total assets ($B): 6.160116767 · Participants: 28904Johnson Controls Retirement Savings and Investment PlanFiserv 401(k) Savings Plan, Total assets ($B): 4.81171463 · Participants: 25280Fiserv 401(k) Savings PlanKimberly-Clark Corporation 401(k) & Profit Sharing Plan, Total assets ($B): 4.550761 · Participants: 11236Kimberly-Clark Corporation 401(k) & Profit Sharing PlanRockwell Automation Retirement Savings Plan, Total assets ($B): 3.62235882 · Participants: 8877Rockwell Automation Retirement Savings Plan
Bank First Retirement Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants
Compare Bank First Retirement Plan side-by-side with 3 peers →

Bank First Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Wisconsin, the nearest 401(k) by assets is The World Group Savings and Investment Plan in OH ($64M); by covered participants it is Nath Companies 401(k) Plan in MN (409 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($64M here).

Similar participant headcount

Nearest other-state filings by covered participants (409 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bank First Retirement Plan assets move in 2023? ▼
Bank First Retirement Plan edged up modestly - up 4.6% during 2023, from $61M to $64M. Reported net income was $3M.
How have Bank First Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank First Corporation's sponsor-wide assets grew 11.5%, from $61M to $68M.
Where does Bank First Retirement Plan rank by assets among Form 5500 filers? ▼
Bank First Retirement Plan ranks in the 88th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Bank First Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is The World Group Savings and Investment Plan in OH ($64M, 812 participants).
Which 401(k) plans cover a similar participant headcount to Bank First Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Nath Companies 401(k) Plan in MN (409 participants, $6M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 391435359.

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.