401(k) · DOL Form 5500 · 2023

Security Bancshares Company 401(k) Plan

Data updated 2026-08-25

$25M
Total assets Small plan by assets
105
Participants Small participant base
76th
Percentile by assets National rank
$234,909
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

$25M in assets, 105 participants

Security Bancshares Company's Security Bancshares Company 401(k) Profit Sharing Plan and Trust reported $25M in total assets and 105 participants in its 2023 DOL Form 5500 filing, ranking in the 76th 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.

  • #632 in Management of Enterprises (1,137 peers)

Coverage in Minnesota

Security Bancshares Company 401(k) Profit Sharing Plan and Trust covers 105 participants in Minnesota, about 9% of the average Minnesota filer (state average ~1,126 per filing). Assets: $25M.

#632
in Management of Enterprises (1,137 peers)
+21.1%
assets growth YoY
0.2×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$24,665,464 Top 24% higher than 76% of 127,068 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 2023

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

Plan-year 2023 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 (105 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Security Bancshares Company 401(k) Profit Sharing Plan and Trust reported net income rose from -$8M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Security Bancshares Company 401(k) Profit Sharing Plan and Trust end-of-year assets rose from $20M in the plan year 2022 filing to $25M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 411363708 · Security Bancshares Company PY 2023 · 401(k)

Security Bancshares Company 401(k) Profit Sharing Plan and Trust · $25M · 105 · 76th

  • EIN $25M
  • RANK 105
  • PHOTO 76th
  • IND 401(k)
  • EOY near Ewie Group of Companies 401(k) Plan
  • 5500 ind #632

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 …$25MPhoenix American Incorporated 401(k) PlanPhoenix American Incorporate…$25MEwie Group of Companies 401(k) PlanEwie Group of Companies 401(…$25MValcourt Building Services, Lc 401(k) PlanValcourt Building Services, …$25MCollisionright 401(k) Plan$25M
End-of-year total assets ($M) among Security Bancshares Company 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$25M
Net Income$5M
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 -50510152025 Total assets ($B) Participants Security Bancshares Company 401(k) Profit Sharing Plan and Trust, Total assets ($B): 0.024665464 · Participants: 105Security Bancshares Company 401(k) Profit Sharing Plan and TrustUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.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 Ewie Group of Companies 401(k) Plan in MI ($25M); by covered participants it is Associated Retina Consultants 401(k) Profit Sharing Plan & Trust in AZ (105 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($25M here).

Similar participant headcount

Nearest other-state filings by covered participants (105 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Security Bancshares Company 401(k) Profit Sharing Plan and Trust grew sharply - up 21.1% during 2023, from $20M to $25M. Reported net income was $5M.
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 76th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Ewie Group of Companies 401(k) Plan in MI ($25M, 515 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 Associated Retina Consultants 401(k) Profit Sharing Plan & Trust in AZ (105 participants, $6M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.