401(k) · DOL Form 5500 · 2022

Amerifirst Financial Corporation 401(k) Plan

Data updated 2026-08-25

$25M
Total assets Small plan by assets
580
Participants Below avg headcount
80th
Percentile by assets National rank
$42,251
Avg per participant Low balance/head
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Official DOL plan name: Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan · Sponsored by Amerifirst Financial Corporation · Michigan · Finance & Insurance

$25M in assets, 580 participants

Amerifirst Financial Corporation's Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan reported $25M in total assets and 580 participants in its 2022 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,322 in Finance & Insurance (9,261 peers)

Where Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan sits by assets

Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan sits in the top quartile of all filed plans by assets, $25M for 580 participants (~$42,251/participant), down 14.7% in 2022.

#6,322
in Finance & Insurance (9,261 peers)
-14.7%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan's outsized position by total assets

Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan vs every filed plan by assets

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

$24,505,510 Top 20% higher than 80% 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

Amerifirst Financial Corporation Profit Sharing and Retirement Savings 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. Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan sits mid-pack in the medium band (580 participants).

EBSA filing schedule strip

Filing strip 382699549 · Amerifirst Financial Corporation PY 2022 · 401(k)

Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan · $25M · 580 · 80th

  • VS-ST $25M
  • BOY 580
  • SCH 80th
  • EBSA 401(k)
  • PART near Rockcastle Hospital and Subsidiaries Retirement Plan
  • TYPE ind #6322

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 Michigan →

Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan in the asset neighbourhood

Amerifirst Financial Corporation Profit Sharing and Retirement Savings PlanAmerifirst Financial Corpora…$25MRockcastle Hospital and Subsidiaries Retirement PlanRockcastle Hospital and Subs…$25MThe Columbia Group 401(k) Profit Sharing PlanThe Columbia Group 401(k) Pr…$25MVeca 401(k) Savings Plan$25MWebtpa Employer Services, LLC 401(k) Retirement Savings PlanWebtpa Employer Services, LL…$25M
End-of-year total assets ($M) among Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$25M
Net Income-$4M
Employer EIN382699549
Plan Effective Date1988-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Amerifirst Financial Corporation)

Sponsor-wide plan assets over time

All Amerifirst Financial Corporation plans reported in each filing year

Latest sponsor-wide plan assets
N/A
2023 filing year
$0M$10M$20M$30M 20222023 $24.5M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 580 $25M
2023 1 32 N/A

Nearby 401(k) Plans in Michigan

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

Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 0.02450551 · Participants: 580Amerifirst Financial Corporation Profit Sharing and Retirement Savings PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan side-by-side with 3 peers →

Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Rockcastle Hospital and Subsidiaries Retirement Plan in KY ($25M); by covered participants it is The Motley Fool Holdings, Inc. 401(k) Plan in VA (580 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (580 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 Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan assets move in 2022? ▼
Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan pulled back noticeably - down 14.7% during 2022, from $29M to $25M. Reported net income was -$4M.
Where does Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan ranks in the 80th 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 Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Rockcastle Hospital and Subsidiaries Retirement Plan in KY ($25M, 607 participants).
Which 401(k) plans cover a similar participant headcount to Amerifirst Financial Corporation Profit Sharing and Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Motley Fool Holdings, Inc. 401(k) Plan in VA (580 participants, $110M 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 382699549.

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.