Bankers Financial 401(k) match, vesting and fees
What Bankers Financial's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Ameritas Life Insurance Corp | Schedule C ↗ |
| Independent auditor | Cbiz Cpas P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 655 defined-contribution plans in finance and insurance with 500 to 999 participants.
| Bankers Financial: employer contribution per participant | $1,603 | |
| Peer median | $2,935 |
| Bankers Financial: average balance | $70,588 | |
| Peer median | $92,770 |
| Bankers Financial: admin expenses ÷ assets | 0.22% | |
| Peer median | 0.15% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $51.6M at the end of plan year 2021 to $50.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 734 | $50.4M | $1.1M | $1,603 | 0.22% | Not published | Form 5500 ↗ |
| 2023 | 812 | $49.7M | $1.1M | $1,379 | 0.19% | Not published | Form 5500 ↗ |
| 2022 | 767 | $43.9M | $1.1M | $1,452 | 0.18% | Not published | Form 5500 ↗ |
| 2021 | 723 | $51.6M | $938K | $1,319 | 0.22% | Not published | Form 5500 ↗ |
Common questions
Does Bankers Financial match 401(k) contributions?
The match terms for the Associates' Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $1.1M in employer contributions, about $1,603 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bankers Financial 401(k) match vested?
The vesting schedule for the Associates' Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bankers Financial 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Ameritas Life Insurance Corp. The plan administrator is Bankers Financial Corporation.
I left Bankers Financial. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bankers Financial Corporation, (727) 823-4000) or the recordkeeper, Ameritas Life Insurance Corp. The Bankers Financial old 401(k) page lists the contacts from every plan filing. Find an old Bankers Financial 401(k)
Data from the public Form 5500 annual reports Bankers Financial filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bankers Financial. Not financial advice. Report a correction · Methodology