Bankfirst 401(k) match, vesting and fees
What Bankfirst'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 | Union Bank & Trust Company | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 1,478 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Bankfirst: employer contribution per participant | $5,450 | |
| Peer median | $3,122 |
| Bankfirst: average balance | $129,742 | |
| Peer median | $111,687 |
| Bankfirst: admin expenses ÷ assets | 0.13% | |
| Peer median | 0.20% |
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 $14M at the end of plan year 2021 to $19.6M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 155 | $19.6M | $823K | $5,450 | 0.13% | Not published | Form 5500 ↗ |
| 2024 | 163 | $17.3M | $1.2M | $7,865 | 0.11% | Not published | Form 5500 ↗ |
| 2023 | 167 | $15.1M | $1.8M | $11,550 | 0.14% | Not published | Form 5500 ↗ |
| 2022 | 167 | $12.1M | $1.4M | $8,824 | 0.12% | Not published | Form 5500 ↗ |
| 2021 | 159 | $14M | $1.1M | $7,195 | 0.08% | Not published | Form 5500 ↗ |
Other Bankfirst plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Bankfirst-Insb 401(k) Plan
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.
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Bankfirst Cash Balance Plan
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.
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Bankfirst match 401(k) contributions?
The match terms for the Bankfirst 401k Profit Sharing Plan have not been published from its filing yet. The plan year 2025 filing reports $823K in employer contributions, about $5,450 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bankfirst 401(k) match vested?
The vesting schedule for the Bankfirst 401k Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bankfirst 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Union Bank & Trust Company. The plan administrator is Bankfirst.
I left Bankfirst. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bankfirst, (402) 371-8005) or the recordkeeper, Union Bank & Trust Company. The Bankfirst old 401(k) page lists the contacts from every plan filing. Find an old Bankfirst 401(k)
Data from the public Form 5500 annual reports Bankfirst filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) 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 Bankfirst. Not financial advice. Report a correction · Methodology