2023 Form 5500 filing — Security State Bancshares, Inc. 401(K) Plan
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 20241004113413NAL0005658579001) for Security State Bancshares, Inc. 401(K) Plan, reported by Security State Bancshares, Inc. under EIN 62-1421082 and plan number 002. It reports 240 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241004113413NAL0005658579001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Security State Bancshares, Inc.
- EIN
- 62-1421082
- Plan number
- 002
- Location
- Charleston, MO
- Participants
- 240
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,147,881
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,147,881
- Employer contributions
- $510,286
- Participant contributions
- $606,035
- Total income / additions
- $3,036,655
- Benefits paid
- $1,014,854
- Administrative expenses
- $95,934
- Total expenses
- $1,110,788
- Net increase / (decrease)
- $1,925,867
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $94,504 | $0 |
| Cetera Investment Advisers LLC | INVESTMENT ADVISORY | $0 | $52,114 |
| Benefit Plans Plus LLC | CONTRACT ADMINISTRATOR | $1,525 | $4,138 |