SCHEDULE OF ASSETS

12 Months Ended

Dec. 31, 2025

Bank First Retirement Plan

SCHEDULE OF ASSETS

SCHEDULE OF ASSETS

BANK FIRST RETIREMENT PLAN

SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)

PLAN #002

39-1435359

DECEMBER 31, 2025


(a)		(b)		(c)		(d)		(e)
		Identity of Issue		Description		Cost		Current Value
*		Bank First Corporation		Common Stock		N/A		$	22,368,772

		MetLife Stable Value		Common Trust Fund		N/A			288,261
*		Principal Fixed Income Guaranteed Option		Fully Benefit-Responsive Investment Contract		N/A			4,246,027

		Vanguard Money Market Reserves		Mutual Fund		N/A			559,776
		Cohen & Steers Instl Realty		Mutual Fund		N/A			277,270
		Columbia Small Cap Growth		Mutual Fund		N/A			555,361
		Federated Hermes Total Return Bond		Mutual Fund		N/A			1,005,398
		PGIM High Yield		Mutual Fund		N/A			704,009
		Eaton Vance Emerging and Frontier Countries		Mutual Fund		N/A			497,743
		JP Morgan Income		Mutual Fund		N/A			1,164,742
		MFS International Diversification		Mutual Fund		N/A			944,695
		MFS Mid Cap Growth		Mutual Fund		N/A			701,820
		MFS Value		Mutual Fund		N/A			2,069,612
		Blackrock LifePath Index 2030		Mutual Fund		N/A			3,008,260
		Blackrock LifePath Index 2035		Mutual Fund		N/A			6,453,569
		Blackrock LifePath Index 2040		Mutual Fund		N/A			3,469,873
		Blackrock LifePath Index 2045		Mutual Fund		N/A			4,488,217
		Blackrock LifePath Index 2050		Mutual Fund		N/A			6,273,424
		Blackrock LifePath Index 2055		Mutual Fund		N/A			2,534,908
		Blackrock LifePath Index 2060		Mutual Fund		N/A			2,631,963
		Blackrock LifePath Index 2065		Mutual Fund		N/A			1,652,305
		Blackrock LifePath Index 2070		Mutual Fund		N/A			36,005
		Blackrock LifePath Index Retirement		Mutual Fund		N/A			1,927,523
		Allspring Special Small Cap Value		Mutual Fund		N/A			261,455
		Total Mutual Funds							41,217,928

		LA Capital Mgmt/Victory - MidCap Value I		Pooled Separate Fund		N/A			690,703
*		Principal Global Investors – Principal Small Cap S&P 600 Index		Pooled Separate Fund		N/A			461,475
*		Principal Global Investors – Blue Chip		Pooled Separate Fund		N/A			4,215,021
		Total Pooled Separate Funds							5,367,199

		TOTAL						$	73,488,187

* Represents party-in-interest transactions

N/A Cost information is not required for participant-directed investments

See accompanying report of independent registered public accounting firm.