# Security State Bank & Trust 401(k) Plan
Source: https://planprovider.pro/companies/security-state-bank-trust-401k-plan

> Security State Bank & Trust's 401(k) plan: 289 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Security State Bank & Trust

- **Sponsor EIN:** 740890992

- **Sponsor Address:** 201 W MAIN, FREDERICKSBURG, TX, 786247862

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

- **Total Participants:** 289

- **Total Assets:** $28.0M

## 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|289|$28.0M|$1.2M|$1.3M|

| 2023|262|$27.6M|$1.2M|$1.3M|

| 2022|271|$25.6M|$1.1M|$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|

| CAPFINANCIAL PARTNERS LLC|NONE|$22,840|—|$22,840|

| MILLIMAN INC|NONE|$19,571|—|$19,571|

| CLIFTONLARSONALLEN LLP|NONE|$17,173|—|$17,173|

| SCHWAB RETIREMENT PLAN SERVICES,INC|NONE|$12,375|—|$12,375|

| BUCKINGHAM ASSET MANAGEMENT|NONE|$6,846|—|$6,846|

### Verified Provider Profiles

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

- [MILLIMAN INC](https://planprovider.pro/provider/milliman) — NONE

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — NONE

- [SCHWAB RETIREMENT PLAN SERVICES,INC](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $78,805

- **Estimated Expense Ratio:** 0.281% 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|$84,051|$6,846|$6,620|$10,552|—|

| 2023|$149,788|$90,589|—|$18,223|—|

| 2022|$146,301|—|—|—|$146,301|

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