# Security Financial Bank 401(k) Plan
Source: https://planprovider.pro/companies/security-financial-bank-401k-plan

> Security Financial Bank's 401(k) plan: 130 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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