401(k) · DOL Form 5500 · 2022

Security Bancshares Company 401(k) Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
104
Participants Small participant base
78th
Percentile by assets National rank
$195,842
Avg per participant Above avg balance/head
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Official DOL plan name: Security Bancshares Company 401(k) Profit Sharing Plan and Trust · Sponsored by Security Bancshares Company · Minnesota · Management of Enterprises

$20M in assets, 104 participants

Security Bancshares Company's Security Bancshares Company 401(k) Profit Sharing Plan and Trust reported $20M in total assets and 104 participants in its 2022 DOL Form 5500 filing, ranking in the 78th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #691 in Management of Enterprises (1,193 peers)

Coverage in Minnesota

Security Bancshares Company 401(k) Profit Sharing Plan and Trust covers 104 participants in Minnesota, about 9% of the average Minnesota filer (state average ~1,126 per filing). Assets: $20M.

#691
in Management of Enterprises (1,193 peers)
-26.1%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Security Bancshares Company 401(k) Profit Sharing Plan and Trust's outsized position by total assets

Security Bancshares Company 401(k) Profit Sharing Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$20,367,546 Top 22% higher than 78% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Security Bancshares Company 401(k) Profit Sharing Plan and Trust among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Security Bancshares Company 401(k) Profit Sharing Plan and Trust sits mid-pack in the medium band (104 participants).

Published 5500 schedule card

Filing strip 411363708 · Security Bancshares Company PY 2022 · 401(k)

Security Bancshares Company 401(k) Profit Sharing Plan and Trust · $20M · 104 · 78th

  • VS-ST $20M
  • BOY 104
  • SCH 78th
  • EBSA 401(k)
  • PART near Thermos L.L.C. Tax Reduction Investment Plan
  • TYPE ind #691

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Management of Enterprises retirement plans → · Plans in Minnesota →

Security Bancshares Company 401(k) Profit Sharing Plan and Trust in the asset neighbourhood

Security Bancshares Company 401(k) Profit Sharing Plan and TrustSecurity Bancshares Company …$20MThermos L.L.C. Tax Reduction Investment PlanThermos L.L.C. Tax Reduction…$20MGreat Lakes Orthopaedic Center 401(k) Profit Sharing PlanGreat Lakes Orthopaedic Cent…$20MSchuler, Inc. Salary Savings PlanSchuler, Inc. Salary Savings…$20MEye Surgeons Associates, P.C. Retirement PlanEye Surgeons Associates, P.C…$20M
End-of-year total assets ($M) among Security Bancshares Company 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$19M
Net Income-$8M
Employer EIN411363708
Plan Effective Date1975-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Security Bancshares Company)

Sponsor-wide plan assets over time

All Security Bancshares Company plans reported in each filing year

Latest sponsor-wide plan assets
$25M 21.101795965012183% vs 2022
2023 filing year
$18M$20M$22M$24M$26M 20222023 $20.4M $24.7M ▲ +21.1%
Year Plans Participants Total Assets
2022 1 104 $20M
2023 2 209 $25M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Security Bancshares Company 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Security Bancshares Company 401(k) Profit Sharing Plan and Trust, Total assets ($B): 0.020367546 · Participants: 104Security Bancshares Company 401(k) Profit Sharing Plan and TrustUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Security Bancshares Company 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Security Bancshares Company 401(k) Profit Sharing Plan and Trust side-by-side with 3 peers →

Security Bancshares Company 401(k) Profit Sharing Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Thermos L.L.C. Tax Reduction Investment Plan in IL ($20M); by covered participants it is First City Credit Union 401(k) Plan in CA (104 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (104 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Security Bancshares Company 401(k) Profit Sharing Plan and Trust assets move in 2022? ▼
Security Bancshares Company 401(k) Profit Sharing Plan and Trust declined sharply - down 26.1% during 2022, from $28M to $20M. Reported net income was -$8M.
How have Security Bancshares Company plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Security Bancshares Company's sponsor-wide assets grew 21.1%, from $20M to $25M.
Where does Security Bancshares Company 401(k) Profit Sharing Plan and Trust rank by assets among Form 5500 filers? ▼
Security Bancshares Company 401(k) Profit Sharing Plan and Trust ranks in the 78th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Security Bancshares Company 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Thermos L.L.C. Tax Reduction Investment Plan in IL ($20M, 107 participants).
Which 401(k) plans cover a similar participant headcount to Security Bancshares Company 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is First City Credit Union 401(k) Plan in CA (104 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411363708.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.