2023 Form 5500 filing — Security Bancshares Company 401(K) Profit Sharing Plan And Trust
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240730152454NAL0011986099001) for Security Bancshares Company 401(K) Profit Sharing Plan And Trust, reported by Security Bancshares Company under EIN 41-1363708 and plan number 001. It reports 122 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240730152454NAL0011986099001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Security Bancshares Company
- EIN
- 41-1363708
- Plan number
- 001
- Location
- Glencoe, MN
- Participants
- 122
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Total income / additions
- -$481,120
- Benefits paid
- $0
- Administrative expenses
- $0
- Total expenses
- $0
- Net increase / (decrease)
- -$481,120
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Alerus Financial, N.A. | NONE | $1,082 | $0 |
| Alerus Financial, N.A. | NONE | $0 | $0 |