# Bank First Corporation 401(k) Plan
Source: https://planprovider.pro/companies/bank-first-corporation-401k-plan

> Bank First Corporation's 401(k) plan: 366 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bank First Corporation

- **Sponsor EIN:** 391435359

- **Sponsor Address:** 402 N. 8TH STREET, MANITOWOC, WI, 542210010

- **Plan Type:** 401(k)

- **Total Participants:** 366

- **Total Assets:** $67.9M

## 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.|

| 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|CONTRACT ADMINISTRATOR|$89,875|—|$89,875|

| INDEPENDENT FINANCIAL|INVESTMENT ADVISORY|$79,375|—|$79,375|

| REILLY, PENNER & BENTON LLP|ACCOUNTANT|$17,937|—|$17,937|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [REILLY, PENNER & BENTON LLP](https://planprovider.pro/provider/reilly-penner-and-benton-llp) — ACCOUNTANT

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $187,187

- **Estimated Expense Ratio:** 0.276% 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|

| 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|

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