401(k) · DOL Form 5500 · 2022

Security Finance Corporation of Spartanburg 401(k) Plan

Data updated 2026-08-25

$86M
Total assets Below avg plan size
2,475
Participants Above avg headcount
92nd
Percentile by assets National rank
$34,737
Avg per participant Low balance/head
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Official DOL plan name: Security 401(k) Profit-Sharing and Savings Plan · Sponsored by Security Finance Corporation of Spartanburg · South Carolina · Finance & Insurance

$86M in assets, 2,475 participants

Security Finance Corporation of Spartanburg's Security 401(k) Profit-Sharing and Savings Plan reported $86M in total assets and 2,475 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.

  • #8,058 in Finance & Insurance (9,261 peers)

Coverage in South Carolina

Security 401(k) Profit-Sharing and Savings Plan covers 2,475 participants in South Carolina, 6.7x the typical South Carolina plan (state average ~369 per filing). Assets: $86M.

#8,058
in Finance & Insurance (9,261 peers)
-24.8%
assets change YoY
0.9×
vs typical plan assets (national mean)

The plan reported a net loss of $28M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Security 401(k) Profit-Sharing and Savings Plan's outsized position by total assets

Security 401(k) Profit-Sharing and Savings Plan vs every filed plan by assets

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

$85,972,927 Top 8% higher than 92% 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 401(k) Profit-Sharing and Savings Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Security 401(k) Profit-Sharing and Savings Plan lands in the large band (2,475 participants).

Form 5500 schedule snapshot

Filing strip 570359683 · Security Finance Corporation of Spartanburg PY 2022 · 401(k)

Security 401(k) Profit-Sharing and Savings Plan · $86M · 2,475 · 92nd

  • SCH $86M
  • EBSA 2,475
  • PART 92nd
  • TYPE 401(k)
  • NET near The Connectme 401(k) Plan
  • BOOK ind #8058

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 Finance & Insurance retirement plans → · Plans in South Carolina →

Security 401(k) Profit-Sharing and Savings Plan in the asset neighbourhood

Ziegler 401(k) Retirement PlanZiegler 401(k) Retirement Pl…$86MTupperware Brands Corporation Retirement Savings PlanTupperware Brands Corporatio…$86MThe Connectme 401(k) Plan$86MSecurity 401(k) Profit-Sharing and Savings PlanSecurity 401(k) Profit-Shari…$86MNeenah Enterprises, Inc. 401(k) Retirement Savings PlanNeenah Enterprises, Inc. 401…$86M
End-of-year total assets ($M) among Security 401(k) Profit-Sharing and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

South Carolina filing particulars

Total Assets (Beginning of Year)$114M
Net Assets (End of Year)$86M
Net Income-$28M
Employer EIN570359683
Plan Effective Date1964-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Security Finance Corporation of Spartanburg)

Sponsor-wide plan assets over time

All Security Finance Corporation of Spartanburg plans reported in each filing year

Latest sponsor-wide plan assets
$114M 32.26515598334811% vs 2022
2024 filing year
$80M$90M$100M$110M$120M 202220232024 $86M $114M ▲ +32.3%
Year Plans Participants Total Assets
2022 1 2,475 $86M
2023 1 2,112 $102M
2024 1 2,097 $114M

Nearby 401(k) Plans in South Carolina

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

Security 401(k) Profit-Sharing and Savings Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. 050001000015000 -101234 Total assets ($B) Participants Security 401(k) Profit-Sharing and Savings Plan, Total assets ($B): 0.085972927 · Participants: 2475Security 401(k) Profit-Sharing and Savings PlanMichelin 401(k) Savings Plan, Total assets ($B): 3.615828322 · Participants: 13708Michelin 401(k) Savings PlanThe Savannah River Nuclear Solutions, LLC Defined Contribution Plan, Total assets ($B): 2.219673264 · Participants: 7829The Savannah River Nuclear Solutions, LLC Defined Contribution PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.214442524 · Participants: 9714Sonoco Retirement & Savings PlanThe Milliken Retirement Plan, Total assets ($B): 1.154082573 · Participants: 6185The Milliken Retirement PlanBlue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan, Total assets ($B): 1.085276125 · Participants: 11881Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan
Security 401(k) Profit-Sharing and Savings Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Security 401(k) Profit-Sharing and Savings Plan side-by-side with 3 peers →

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

Outside South Carolina, the nearest 401(k) by assets is The Connectme 401(k) Plan in CA ($86M); by covered participants it is Mcwane Hourly 401(k) Retirement Plan in AL (2,475 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($86M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,475 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 401(k) Profit-Sharing and Savings Plan assets move in 2022? ▼
Security 401(k) Profit-Sharing and Savings Plan declined sharply - down 24.8% during 2022, from $114M to $86M. Reported net income was -$28M.
How have Security Finance Corporation of Spartanburg plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Security Finance Corporation of Spartanburg's sponsor-wide assets grew 32.3%, from $86M to $114M.
Where does Security 401(k) Profit-Sharing and Savings Plan rank by assets among Form 5500 filers? ▼
Security 401(k) Profit-Sharing and Savings Plan ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Security 401(k) Profit-Sharing and Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Connectme 401(k) Plan in CA ($86M, 12,687 participants).
Which 401(k) plans cover a similar participant headcount to Security 401(k) Profit-Sharing and Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mcwane Hourly 401(k) Retirement Plan in AL (2,475 participants, $35M 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 570359683.

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.