# Security Bancshares INC 401(k) Plan
Source: https://planprovider.pro/companies/security-bancshares-inc-401k-plan

> Security Bancshares INC's 401(k) plan: 126 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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