Security Financial Bank 401(K) Savings Plan — Form 5500 plan (Security Financial Bank)
Plain-English plan 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, Security Financial Bank 401(K) Savings Plan is a benefit plan reported by Security Financial Bank under EIN 39-0605225 and plan number 002. The latest loaded filing year is 2023. The filing reports 178 participants and $13,569,267 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Security Financial Bank
- EIN
- 39-0605225
- Plan number
- 002
- Plan type
- 2
- Location
- Eau Claire, WI
- Latest filing year
- 2023
- Participants
- 178
- End-of-year plan assets
- $13,569,267
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 178 | H, C | 20240917111050NAL0002697601001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,569,267
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,569,267
- Net assets (BOY)
- $12,306,445
Income & contributions
- Employer contributions
- $373,940
- Participant contributions
- $659,023
- Total contributions
- $1,042,875
- Total income / additions
- $2,798,688
Expenses & distributions
- Benefits paid
- $1,490,809
- Administrative expenses
- $45,057
- Total expenses
- $1,535,866
- Net increase / (decrease)
- $1,262,822
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Orgel Wealth Management, LLC | INVESTMENT ADVISOR | $37,697 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $7,360 | $0 | 2023 |