# Security Federal Savings Bank 401(k) Plan
Source: https://planprovider.pro/companies/security-federal-savings-bank-401k-plan

> Security Federal Savings Bank's 401(k) plan: 100 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/monroe-shine-and-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|—|—|

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