401(k) · DOL Form 5500 · 2023

Bankfirst Financial Services 401(k) Plan

Data updated 2026-08-25

$38M
Total assets Below avg plan size
469
Participants Below avg headcount
82nd
Percentile by assets National rank
$80,150
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

$38M in assets, 469 participants

Bankfirst Financial Services's Bankfirst Financial Services 401(k) Profit Sharing Plan reported $38M in total assets and 469 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.

  • #6,458 in Finance & Insurance (8,869 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, $38M for 469 participants (~$80,150/participant), up 22.1% in 2023.

#6,458
in Finance & Insurance (8,869 peers)
+22.1%
assets growth YoY
0.4×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$37,590,126 Top 18% higher than 82% 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

Bankfirst Financial Services 401(k) Profit Sharing 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. Bankfirst Financial Services 401(k) Profit Sharing Plan sits mid-pack in the medium band (469 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bankfirst Financial Services 401(k) Profit Sharing Plan reported net income rose from -$1M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Bankfirst Financial Services 401(k) Profit Sharing Plan end-of-year assets rose from $31M in the plan year 2022 filing to $38M in the plan year 2023 filing.
  • Bankfirst Financial Services 401(k) Profit Sharing Plan reported participants rose from 407 in the plan year 2022 filing to 469 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 640202970 · Bankfirst Financial Services PY 2023 · 401(k)

Bankfirst Financial Services 401(k) Profit Sharing Plan · $38M · 469 · 82nd

  • PCT $38M
  • EIN 469
  • RANK 82nd
  • PHOTO 401(k)
  • IND near Special-Lite, Inc. Retirement and Savings Plan and Trust
  • EOY ind #6458

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

Bankfirst Financial Services 401(k) Profit Sharing PlanBankfirst Financial Services…$38MSpecial-Lite, Inc. Retirement and Savings Plan and TrustSpecial-Lite, Inc. Retiremen…$38MNew Process Steel, L.P. Employee Retirement & Savings TrustNew Process Steel, L.P. Empl…$38MRecorded Future 401(k) Plan$38MOaks Christian School 403(b) PlanOaks Christian School 403(b)…$38M
End-of-year total assets ($M) among Bankfirst Financial Services 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$38M
Net Income$7M
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 -20002004006008001000 Total assets ($M) Participants Bankfirst Financial Services 401(k) Profit Sharing Plan, Total assets ($M): 37.590126 · Participants: 469Bankfirst Financial Services 401(k) Profit Sharing PlanCadence 401(k) Profit-Sharing Plan, Total assets ($M): 797.339076 · Participants: 6578Cadence 401(k) Profit-Sharing PlanErgon 401(k) Plan, Total assets ($M): 651.370894 · Participants: 3214Ergon 401(k) PlanHancock Whitney Corporation 401(k) Savings Plan, Total assets ($M): 542.54732 · Participants: 3545Hancock Whitney Corporation 401(k) Savings PlanV2x 401(k) Retirement Plan, Total assets ($M): 538.489023 · Participants: 6807V2x 401(k) Retirement PlanSouthern Farm Bureau and Adopting Companies 401(k) Plan, Total assets ($M): 476.889063 · Participants: 2657Southern Farm Bureau and Adopting Companies 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 Special-Lite, Inc. Retirement and Savings Plan and Trust in MI ($38M); by covered participants it is Mgs Employee 401(k) Plan in WI (469 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (469 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 Bankfirst Financial Services 401(k) Profit Sharing Plan assets move in 2023? ▼
Bankfirst Financial Services 401(k) Profit Sharing Plan grew sharply - up 22.1% during 2023, from $31M to $38M. Reported net income was $7M.
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 82nd 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 Bankfirst Financial Services 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Special-Lite, Inc. Retirement and Savings Plan and Trust in MI ($38M, 248 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 Mgs Employee 401(k) Plan in WI (469 participants, $54M 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 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.