Plan Ledger DOL Form 5500 · updated monthly

Amerifirst Financial, Inc.401(k)

AMERIFIRST FINANCIAL, INC. 401(K) PLAN · MESA, AZ · plan year 2022

Reported admin expense ratio · 2022
0.89%

Amerifirst Financial, Inc. reported $145,895 in plan administrative expenses for 2022: 0.89% of average plan assets, higher than ~90% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.89% to 1.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 443rd-largest of 1,285 plans among Arizona employers on file, and 3,501st of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$15,062,554
Participants with balances511
Active participants285
Employer contributions—
Employee contributions$2,775,169
Employer contribution per active participant—
Average account balance$29,477
Benefits paid to participants$2,861,202
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$7.0M · 150 accts
2022$15.1M · 511 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$66,922
Investment management$71,644
Professional / advisory$7,329
Total administrative$145,895
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024Not separately reported
2023$148,140 · 1.34%
2022$145,895 · 0.89%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 860634557 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.