401(k) · DOL Form 5500 · 2024

Bankfirst Financial Services 401(k) Plan

Data updated 2026-08-25

$44M
Total assets Below avg plan size
460
Participants Below avg headcount
83rd
Percentile by assets National rank
$95,012
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Bankfirst Financial Services 401(k) Profit Sharing Plan · Sponsored by Bankfirst Financial Services · Mississippi · Finance & Insurance

$44M in assets, 460 participants

Bankfirst Financial Services's Bankfirst Financial Services 401(k) Profit Sharing Plan reported $44M in total assets and 460 participants in its 2024 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.

  • #6,239 in Finance & Insurance (8,549 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, $44M for 460 participants (~$95,012/participant), up 16.3% in 2024.

#6,239
in Finance & Insurance (8,549 peers)
+16.3%
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 2024 · DOL Form 5500

$43,705,344 Top 17% higher than 83% of 123,620 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 2024

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

Plan-year 2024 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 (460 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bankfirst Financial Services 401(k) Profit Sharing Plan end-of-year assets rose from $38M in the plan year 2023 filing to $44M in the plan year 2024 filing.
  • Bankfirst Financial Services 401(k) Profit Sharing Plan reported net income fell from $7M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Bankfirst Financial Services 401(k) Profit Sharing Plan reported participants fell from 469 in the plan year 2023 filing to 460 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 640202970 · Bankfirst Financial Services PY 2024 · 401(k)

Bankfirst Financial Services 401(k) Profit Sharing Plan · $44M · 460 · 83rd

  • TYPE $44M
  • NET 460
  • BOOK 83rd
  • VS-ST 401(k)
  • BOY near Brayton Purcell, LLP 401(k) Retirement Plan
  • SCH ind #6239

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…$44MBrayton Purcell, LLP 401(k) Retirement PlanBrayton Purcell, LLP 401(k) …$44MGermer PLLC 401(k) Plan$44MEast West Resorts, LLC Savings and Retirement PlanEast West Resorts, LLC Savin…$44MSara 401(k) Profit Sharing PlanSara 401(k) Profit Sharing P…$44M
End-of-year total assets ($M) among Bankfirst Financial Services 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$38M
Net Assets (End of Year)$44M
Net Income$6M
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 02004006008001000 Total assets ($M) Participants Bankfirst Financial Services 401(k) Profit Sharing Plan, Total assets ($M): 43.705344 · Participants: 460Bankfirst Financial Services 401(k) Profit Sharing PlanCadence 401(k) Profit-Sharing Plan, Total assets ($M): 817.14825 · Participants: 6117Cadence 401(k) Profit-Sharing PlanErgon 401(k) Plan, Total assets ($M): 770.769507 · Participants: 3508Ergon 401(k) PlanV2x 401(k) Retirement Plan, Total assets ($M): 644.420569 · Participants: 6644V2x 401(k) Retirement PlanHancock Whitney Corporation 401(k) Savings Plan, Total assets ($M): 607.648166 · Participants: 3561Hancock Whitney Corporation 401(k) Savings PlanSouthern Farm Bureau and Adopting Companies 401(k) Plan, Total assets ($M): 528.338892 · Participants: 2689Southern 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 Brayton Purcell, LLP 401(k) Retirement Plan in CA ($44M); by covered participants it is Founders Brewing Company 401(k) Profit Sharing Plan in MI (460 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($44M here).

Similar participant headcount

Nearest other-state filings by covered participants (460 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Bankfirst Financial Services 401(k) Profit Sharing Plan grew sharply - up 16.3% during 2024, from $38M to $44M. Reported net income was $6M.
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 123,622 plans that reported assets for plan year 2024 (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 Brayton Purcell, LLP 401(k) Retirement Plan in CA ($44M, 124 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 Founders Brewing Company 401(k) Profit Sharing Plan in MI (460 participants, $38M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.