Plan Snapshot
- Plan Sponsor: Bank First Corporation
- Sponsor EIN: 391435359
- Sponsor Address: 402 N. 8TH STREET, MANITOWOC, WI, 542210010
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 534
- Total Assets: $73.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 534 | $73.5M | $0 | $0 |
| 2024 | 366 | $67.9M | $1.4M | $2.8M |
| 2023 | 396 | $63.6M | $1.5M | $2.7M |
| 2022 | 346 | $60.8M | $1.3M | $2.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $88,396 | — | $88,396 |
| INDEPENDENT FINANCIAL | Investment Advisor | $83,150 | $39 | $83,189 |
| REILLY, PENNER & BENTON | Other Service Provider | $19,148 | — | $19,148 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $190,733
- Estimated Expense Ratio: 0.260% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $11,774,625 | $83,150 | $88,396 | $19,148 | — |
| 2024 | $187,187 | $79,375 | $89,875 | $17,937 | — |
| 2023 | $173,636 | $74,183 | $83,556 | $15,897 | — |
| 2022 | $159,271 | $36,333 | $72,200 | — | $50,738 |