Bankfirst Financial Services 401(k) Plan: Login, Facts & Contact Information

Bankfirst Financial Services 401(k) Plan Facts

Plan name
BANKFIRST FINANCIAL SERVICES 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BANKFIRST FINANCIAL SERVICES
Participants
574 (441 active employees)
Former employees with a balance
70
Plan assets
$43,705,344 at Dec 31, 2024
Average account balance
$84,865 across 515 accounts
Employer contributions
$1,234,343 in plan year 2024 (36% of all contributions)
Recordkeeper
Mwg Retirement Plan Services
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1995
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 6, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.44 million went into the plan in contributions, $1.23 million of it from the employer (36%).
  • $2.27 million was paid out to participants.
  • Investment and other income added $5.06 million.
  • Administrative expenses were $75,687, about $147 per account.

How the Bankfirst Financial Services 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019246$20.6 million$528,798$1.51 million
2020317$26.4 million$698,464$3.01 million
2021432$31.9 million$845,180$1.33 million
2022518$30.8 million$941,329$1.83 million
2023621$37.6 million$1.20 million$3.00 million
2024574$43.7 million$1.23 million$2.27 million

Bankfirst Financial Services 401(k) Contact Information

Phone
662-328-7112
Mailing address
P. O. BOX 1248, COLUMBUS MS 39703
Plan sponsor
BANKFIRST FINANCIAL SERVICES
Employer identification number (EIN)
64-0202970
Plan number
003

Questions about the Bankfirst Financial Services 401(k)

Does Bankfirst Financial Services contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.23 million, 36% of all contributions.

Does the Bankfirst Financial Services 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Bankfirst Financial Services 401(k) plan?

574 participants at the start of plan year 2024, 441 of them active employees, and 70 former employees who still had money in the plan.

What is the average 401(k) balance at Bankfirst Financial Services?

About $84,865 per account: $43.7 million in plan assets across 515 accounts with a balance at the end of plan year 2024.

Who manages the Bankfirst Financial Services 401(k) accounts?

MWG RETIREMENT PLAN SERVICES is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Bankfirst Financial Services. How do I access my 401(k)?

Your account stays with MWG RETIREMENT PLAN SERVICES after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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