Security First Bank 401(K) Plan — Form 5500 plan (Security First Bank)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Security First Bank 401(K) Plan is a benefit plan reported by Security First Bank under EIN 47-0299375 and plan number 001. The latest loaded filing year is 2023. The filing reports 374 participants and $25,909,661 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Security First Bank
- EIN
- 47-0299375
- Plan number
- 001
- Plan type
- 2
- Location
- Rapid City, SD
- Latest filing year
- 2023
- Participants
- 374
- End-of-year plan assets
- $25,909,661
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 374 | H, C | 20240822143315NAL0009198960001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $25,909,661
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $25,909,661
- Net assets (BOY)
- $22,600,412
Income & contributions
- Employer contributions
- $467,825
- Participant contributions
- $1,261,168
- Total contributions
- $1,996,150
- Total income / additions
- $5,735,330
Expenses & distributions
- Benefits paid
- $2,359,566
- Administrative expenses
- $66,515
- Total expenses
- $2,426,081
- Net increase / (decrease)
- $3,309,249
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Creative Planning Inc. | N/A | $62,224 | not reported in the loaded dataset | 2023 |