Security Bancshares Company 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Security Bancshares Company)

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 Bancshares Company 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Security Bancshares Company under EIN 41-1363708 and plan number 001. The latest loaded filing year is 2023. The filing reports 122 participants and $24,665,464 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Security Bancshares Company
EIN
41-1363708
Plan number
001
Plan type
2
Location
Glencoe, MN
Latest filing year
2023
Participants
122
End-of-year plan assets
$24,665,464

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023122H, C20240730152454NAL0011986099001
2023122H, C20240807101002NAL0003554369001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$0
Total liabilities (EOY)
$0
Net assets (EOY)
$0
Net assets (BOY)
$24,534,512

Income & contributions

Total contributions
$0
Total income / additions
-$481,120

Expenses & distributions

Benefits paid
$0
Administrative expenses
$0
Total expenses
$0
Net increase / (decrease)
-$481,120

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Alerus Financial, N.A.NONE$1,082$02023
Alerus Financial, N.A.NONE$0$02023

Related Form 5500 pages