Plan Snapshot
- Plan Sponsor: Security Financial Bank
- Sponsor EIN: 390605225
- Sponsor Address: 4813 KEYSTONE CROSSING, EAU CLAIRE, WI, 54701
- Plan Type: 401(k)
- Total Participants: 130
- Total Assets: $13.5M
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 | 130 | $13.5M | $409,944 | $663,527 |
| 2023 | 131 | $13.6M | $373,940 | $659,023 |
| 2022 | 124 | $12.3M | $372,151 | $630,717 |
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 |
|---|---|---|---|---|
| ORGEL WEALTH MANAGEMENT, LLC | INVESTMENT ADVISOR | $40,390 | — | $40,390 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $13,619 | — | $13,619 |
| WIPFLI, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,009
- Estimated Expense Ratio: 0.399% 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 | $54,009 | $40,390 | — | — | — |
| 2023 | $45,057 | $37,697 | — | — | — |
| 2022 | $49,081 | — | $49,081 | — | — |