Plan Snapshot
- Plan Sponsor: Security Bancshares INC
- Sponsor EIN: 481035227
- Sponsor Address: 506 S MAIN ST, SCOTT CITY, KS, 678711515
- Plan Type: 401(k)
- Total Participants: 126
- Total Assets: $24.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 126 | $24.6M | $413,251 | $580,892 |
| 2023 | 82 | $21.3M | $319,234 | $469,414 |
| 2022 | 82 | $17.8M | $276,951 | $402,253 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VARNEY & ASSOCIATES, CPAS, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $250 | — | — | — | — |
| 2023 | $389,714 | — | — | — | — |
| 2022 | $722,999 | — | — | — | — |