ESOP · DOL Form 5500 · 2024

Security Bancorp, Inc. ESOP

Data updated 2026-08-25

$1M
Total assets Small plan by assets
41
Participants Small participant base
25th
Percentile by assets National rank
$29,149
Avg per participant Low balance/head
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Official DOL plan name: Security Bancorp, Inc. Employee Stock Ownership Plan · Sponsored by Security Bancorp, Inc. · Tennessee · Finance & Insurance

$1M in assets, 41 participants

Security Bancorp, Inc.'s Security Bancorp, Inc. Employee Stock Ownership Plan reported $1M in total assets and 41 participants in its 2024 DOL Form 5500 filing, ranking in the 25th 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.

  • #1,244 in Finance & Insurance (8,549 peers)

Security Bancorp, Inc. multi-year trail

Security Bancorp, Inc.'s plans moved -83.2% in assets from 2022 to 2024; this filing shows Security Bancorp, Inc. Employee Stock Ownership Plan at $1M / 41 participants.

#1,244
in Finance & Insurance (8,549 peers)
-2.2%
assets change YoY

The plan reported a net loss of $26K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Security Bancorp, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Security Bancorp, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,195,109 25th percentile higher than 25% of 123,620 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 2024

Security Bancorp, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Security Bancorp, Inc. Employee Stock Ownership Plan is a small filing (41 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Security Bancorp, Inc. Employee Stock Ownership Plan reported net income fell from $55K in the plan year 2023 filing to -$26K in the plan year 2024 filing.
  • Security Bancorp, Inc. Employee Stock Ownership Plan reported participants fell from 46 in the plan year 2023 filing to 41 in the plan year 2024 filing.
  • Security Bancorp, Inc. Employee Stock Ownership Plan end-of-year assets fell from $1M in the plan year 2023 filing to $1M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 620629159 · Security Bancorp, Inc. PY 2024 · ESOP

Security Bancorp, Inc. Employee Stock Ownership Plan · $1M · 41 · 25th

  • TYPE $1M
  • NET 41
  • BOOK 25th
  • VS-ST ESOP
  • BOY near Canna Provisions, Inc. Employee Stock Ownership Plan
  • SCH ind #1244

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 What is an ESOP? → · Plans in Tennessee →

Security Bancorp, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Security Bancorp, Inc. Employee Stock Ownership PlanSecurity Bancorp, Inc. Emplo…$1MQspec Solutions Employee Stock Ownership PlanQspec Solutions Employee Sto…$1MSignature Solutions, Inc. Employee Stock Ownership PlanSignature Solutions, Inc. Em…$1MCanna Provisions, Inc. Employee Stock Ownership PlanCanna Provisions, Inc. Emplo…$1MRemediation Risk Management Inc. Employee Stock Ownership Plan and TrustRemediation Risk Management …$1M
End-of-year total assets ($M) among Security Bancorp, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Security Bancorp, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Security Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1M 83.17994466636135% vs 2022
2024 filing year
$0M$2M$4M$6M$8M 202220232024 $7.11M $1.2M ▼ -83.1%
Year Plans Participants Total Assets
2022 2 91 $7M
2023 1 46 $1M
2024 1 41 $1M

Security Bancorp, Inc. filing trail (2024)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$1M
Net Income-$26K
Employer EIN620629159
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Tennessee

Peer ESOP plans, same state, same plan type, ranked by total assets.

Security Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -500050010001500 -2000200400600 Total assets ($M) Participants Security Bancorp, Inc. Employee Stock Ownership Plan, Total assets ($M): 1.195109 · Participants: 41Security Bancorp, Inc. Employee Stock Ownership PlanBarr Brands International Amended and Restated Employee Stock Ownership Plan, Total assets ($M): 470.413823 · Participants: 403Barr Brands International Amended and Restated Employee Stock Ownership PlanZander Group Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 247.006343 · Participants: 201Zander Group Holdings, Inc. Employee Stock Ownership PlanNational Health Corp Leveraged Employee Stock Ownership Plan, Total assets ($M): 168.305927 · Participants: 1385National Health Corp Leveraged Employee Stock Ownership Plan3ls, Inc. Employee Stock Ownership Plan, Total assets ($M): 143.44577 · Participants: 5153ls, Inc. Employee Stock Ownership PlanSmith Seckman Reid, Inc. Employee Stock Ownership Plan, Total assets ($M): 116.245191 · Participants: 507Smith Seckman Reid, Inc. Employee Stock Ownership Plan
Security Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Tennessee, assets vs. participants
Compare Security Bancorp, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Security Bancorp, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Tennessee, the nearest ESOP by assets is Canna Provisions, Inc. Employee Stock Ownership Plan in MA ($1M); by covered participants it is Custom Dental Management, Inc. Employee Stock Ownership Plan in MO (41 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (41 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Security Bancorp, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Security Bancorp, Inc. Employee Stock Ownership Plan edged down modestly - down 2.2% during 2024, from $1M to $1M. Reported net income was -$26K.
How have Security Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Security Bancorp, Inc.'s sponsor-wide assets declined 83.2%, from $7M to $1M.
Where does Security Bancorp, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Security Bancorp, Inc. Employee Stock Ownership Plan ranks in the 25th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the lower half of filed plans by assets).
Which ESOP plans are similar in size to Security Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Canna Provisions, Inc. Employee Stock Ownership Plan in MA ($1M, 76 participants).
Which ESOP plans cover a similar participant headcount to Security Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Custom Dental Management, Inc. Employee Stock Ownership Plan in MO (41 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 620629159.

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.