401(k) · DOL Form 5500 · 2023

Security First Bank 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
279
Participants Below avg headcount
77th
Percentile by assets National rank
$92,866
Avg per participant Below avg balance/head
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Official DOL plan name: Security First Bank 401(k) Plan · Sponsored by Security First Bank · South Dakota · Finance & Insurance

$26M in assets, 279 participants

Security First Bank's Security First Bank 401(k) Plan reported $26M in total assets and 279 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,772 in Finance & Insurance (8,869 peers)

Where Security First Bank 401(k) Plan sits by assets

Security First Bank 401(k) Plan sits in the top quartile of all filed plans by assets, $26M for 279 participants (~$92,866/participant), up 14.6% in 2023.

#5,772
in Finance & Insurance (8,869 peers)
+14.6%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Security First Bank 401(k) Plan's outsized position by total assets

Security First Bank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$25,909,661 Top 23% higher than 77% 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 First Bank 401(k) Plan 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 First Bank 401(k) Plan sits mid-pack in the medium band (279 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Security First Bank 401(k) Plan reported net income rose from -$5M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Security First Bank 401(k) Plan end-of-year assets rose from $23M in the plan year 2022 filing to $26M in the plan year 2023 filing.
  • Security First Bank 401(k) Plan reported participants fell from 283 in the plan year 2022 filing to 279 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 470299375 · Security First Bank PY 2023 · 401(k)

Security First Bank 401(k) Plan · $26M · 279 · 77th

  • VS-ST $26M
  • VS-ST 279
  • VS-ST 77th
  • VS-ST 401(k)
  • VS-ST near Richards Industrials, Inc. Profit Sharing Retirement Plan
  • VS-ST ind #5772

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 Dakota →

Security First Bank 401(k) Plan in the asset neighbourhood

Security First Bank 401(k) PlanSecurity First Bank 401(k) P…$26MRichards Industrials, Inc. Profit Sharing Retirement PlanRichards Industrials, Inc. P…$26MInspirus Credit Union 401(k) PlanInspirus Credit Union 401(k)…$26MPost Glover Resistors Inc. 401(k) Retirement PlanPost Glover Resistors Inc. 4…$26MFlorida Heart Associates Retirement PlanFlorida Heart Associates Ret…$26M
End-of-year total assets ($M) among Security First Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$26M
Net Income$3M
Employer EIN470299375
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Security First Bank)

Sponsor-wide plan assets over time

All Security First Bank plans reported in each filing year

Latest sponsor-wide plan assets
$30M 31.414701643492165% vs 2022
2024 filing year
$20M$25M$30M$35M 202220232024 $22.6M $29.7M ▲ +31.4%
Year Plans Participants Total Assets
2022 1 283 $23M
2023 1 279 $26M
2024 1 270 $30M

Nearby 401(k) Plans in South Dakota

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

Security First Bank 401(k) Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -2000200400600800 Total assets ($M) Participants Security First Bank 401(k) Plan, Total assets ($M): 25.909661 · Participants: 279Security First Bank 401(k) PlanBlack Hills Corporation 401(k) Retirement Savings Plan, Total assets ($M): 726.965765 · Participants: 2972Black Hills Corporation 401(k) Retirement Savings PlanGood Samaritan Society 401(k) Plan, Total assets ($M): 254.213431 · Participants: 12894Good Samaritan Society 401(k) PlanDaktronics, Inc. 401(k) Plan, Total assets ($M): 235.476974 · Participants: 2254Daktronics, Inc. 401(k) PlanPoet 401(k) Plan, Total assets ($M): 219.059384 · Participants: 2254Poet 401(k) PlanPremier 401(k) Plan, Total assets ($M): 215.996195 · Participants: 1913Premier 401(k) Plan
Security First Bank 401(k) Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants
Compare Security First Bank 401(k) Plan side-by-side with 3 peers →

Security First Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside South Dakota, the nearest 401(k) by assets is Richards Industrials, Inc. Profit Sharing Retirement Plan in OH ($26M); by covered participants it is Virginia Cancer Institute, Inc. Retirement Plan in VA (279 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (279 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 First Bank 401(k) Plan assets move in 2023? ▼
Security First Bank 401(k) Plan grew at a solid clip - up 14.6% during 2023, from $23M to $26M. Reported net income was $3M.
How have Security First Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Security First Bank's sponsor-wide assets grew 31.4%, from $23M to $30M.
Where does Security First Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Security First Bank 401(k) Plan ranks in the 77th 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 First Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Richards Industrials, Inc. Profit Sharing Retirement Plan in OH ($26M, 134 participants).
Which 401(k) plans cover a similar participant headcount to Security First Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Virginia Cancer Institute, Inc. Retirement Plan in VA (279 participants, $58M 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 470299375.

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.