Plan Snapshot
- Plan Sponsor: Security Federal Savings Bank
- Sponsor EIN: 350309780
- Sponsor Address: 314 4TH STREET, LOGANSPORT, IN, 46947
- Plan Type: 401(k)
- Total Participants: 100
- Total Assets: $7.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 100 | $7.1M | $227,575 | $347,086 |
| 2023 | 121 | $5.7M | $212,474 | $312,164 |
| 2022 | 84 | $5.3M | $229,768 | $337,413 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $15,590 | — | $15,590 |
| PENTEGRA SERVICES, INC. | CONTRACT ADMIN | $13,283 | — | $13,283 |
| MONROE SHINE & CO., INC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MONROE SHINE & CO., INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,873
- Estimated Expense Ratio: 0.405% of plan assets
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 | $29,598 | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $32,064 | — | $30,904 | — | — |