# Bankers Financial Corporation 401(k) Plan
Source: https://planprovider.pro/companies/bankers-financial-corporation-401k-plan

> Bankers Financial Corporation's 401(k) plan: 413 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bankers Financial Corporation

- **Sponsor EIN:** 592318812

- **Sponsor Address:** 11101 ROOSEVELT BLVD N, ST. PETERSBURG, GA, 33716

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

- **Total Participants:** 413

- **Total Assets:** $50.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **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|413|$50.4M|$1.1M|$3.0M|

| 2023|409|$49.7M|$1.1M|$3.0M|

| 2022|460|$43.9M|$1.1M|$2.9M|

## 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|

| CBIZ CPAS P.C.|Auditor|$20,591|—|$20,591|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $20,591

- **Estimated Expense Ratio:** 0.041% 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|$111,471|$30,000|$51,207|$20,591|—|

| 2023|$90,122|$24,415|$27,450|$7,500|—|

| 2022|$87,349|$22,500|$59,849|—|$5,000|

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