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

> Security First Bank's 401(k) plan: 282 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Security First Bank

- **Sponsor EIN:** 470299375

- **Sponsor Address:** 1919 HOPE CT., RAPID CITY, SD, 57701

- **Plan Type:** 401(k)

- **Total Participants:** 282

- **Total Assets:** $29.7M

## 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|282|$29.7M|$704,765|$1.4M|

| 2023|270|$25.9M|$467,825|$1.3M|

| 2022|271|$22.6M|$425,940|$1.2M|

## 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|

| CREATIVE PLANNING INC.|N/A|$77,209|—|$77,209|

| KETEL THORSTENSON, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CREATIVE PLANNING INC.](https://planprovider.pro/provider/creative-planning) — N/A

- [KETEL THORSTENSON, LLP](https://planprovider.pro/provider/ketel-thorstenson-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $77,209

- **Estimated Expense Ratio:** 0.260% 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|$77,209|$70,645|—|—|—|

| 2023|$66,515|$62,224|—|—|—|

| 2022|$69,329|$65,144|—|—|—|

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