Plan Snapshot
- Plan Sponsor: Bankfirst Financial Services
- Sponsor EIN: 640202970
- Sponsor Address: P. O. BOX 1248, COLUMBUS, MS, 39703
- Plan Type: 401(k)
- Total Participants: 441
- Total Assets: $43.7M
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 | 441 | $43.7M | $1.2M | $2.0M |
| 2023 | 456 | $37.6M | $1.2M | $2.1M |
| 2022 | 460 | $30.8M | $941,329 | $1.7M |
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 |
|---|---|---|---|---|
| T. E. LOTT & COMPANY | Auditor | $44 | — | $44 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44
- Estimated Expense Ratio: 0.000% 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 | $75,687 | — | $75,643 | $44 | — |
| 2023 | $73,973 | — | $73,877 | — | — |
| 2022 | $55,022 | — | $54,990 | — | — |