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SECURITY BANK MINNESOTA 401(K) PLAN 401k Plan overview

Plan NameSECURITY BANK MINNESOTA 401(K) PLAN
Plan identification number 002

SECURITY BANK MINNESOTA 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

SECURITY BANK MINNESOTA has sponsored the creation of one or more 401k plans.

Company Name:SECURITY BANK MINNESOTA
Employer identification number (EIN):410391800
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SECURITY BANK MINNESOTA 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01JAROD M. TRUE2024-07-08
0022022-01-01JAROD M. TRUE2023-07-12
0022021-01-01JAROD M. TRUE2022-07-18
0022020-01-01JAROD M. TRUE2021-06-22
0022020-01-01JAROD M. TRUE2021-06-22 JAROD M. TRUE2021-06-22
0022019-01-01JAROD M. TRUE2020-07-17 JAROD M. TRUE2020-07-17
0022018-01-01
0022017-01-01JAROD M. TRUE
0022016-01-01JAROD M. TRUE
0022015-01-01JAROD M. TRUE JAROD M. TRUE2016-03-31
0022014-01-01JAROD M. TRUE JAROD M. TRUE2015-04-07
0022013-01-01JAROD M. TRUE JAROD M. TRUE2014-06-10
0022012-01-01JAROD M. TRUE JAROD M. TRUE2013-06-07
0022011-01-01THOMAS J. ROTRAMEL2012-03-02 THOMAS J. ROTRAMEL2012-03-02
0022010-01-01THOMAS J. ROTRAMEL2011-02-16 THOMAS J. ROTRAMEL2011-02-16

Financial Data on SECURITY BANK MINNESOTA 401(K) PLAN

Measure Date Value
2025 : SECURITY BANK MINNESOTA 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-25147470
Net assets as of the end of the plan year2025-07-252157959
Total assets as of the beginning of the plan year2025-07-251973811
Value of plan covered by a fidelity bond2025-07-252500000
Participant contributions to plan in this plan year2025-07-2572805
Value of participant loans at end of plan year2025-07-2525595
Other income to plan in this plan year2025-07-25258813
Plan net income in this plan year2025-07-25184148
Net assets as of the end of the plan year2025-07-252157959
Net assets as of the beginning of the plan year2025-07-251973811
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-257937
2024 : SECURITY BANK MINNESOTA 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-08439666
Net assets as of the end of the plan year2024-07-081973811
Total assets as of the beginning of the plan year2024-07-082038813
Value of plan covered by a fidelity bond2024-07-082500000
Participant contributions to plan in this plan year2024-07-0873253
Value of participant loans at end of plan year2024-07-0821228
Other income to plan in this plan year2024-07-08301411
Plan net income in this plan year2024-07-08-65002
Net assets as of the end of the plan year2024-07-081973811
Net assets as of the beginning of the plan year2024-07-082038813
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-088400
2022 : SECURITY BANK MINNESOTA 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-1814816
Net assets as of the end of the plan year2022-07-182386743
Total assets as of the beginning of the plan year2022-07-182067040
Value of plan covered by a fidelity bond2022-07-185000000
Participant contributions to plan in this plan year2022-07-1855255
Value of participant loans at end of plan year2022-07-1844247
Other income to plan in this plan year2022-07-18279264
Plan net income in this plan year2022-07-18319703
Net assets as of the end of the plan year2022-07-182386743
Net assets as of the beginning of the plan year2022-07-182067040
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-187608
2018 : SECURITY BANK MINNESOTA 401(K) PLAN 2018 401k financial data
Total income from all sources2018-12-31$27,974
Expenses. Total of all expenses incurred2018-12-31$96,027
Benefits paid (including direct rollovers)2018-12-31$89,757
Total plan assets at end of year2018-12-31$1,634,749
Total plan assets at beginning of year2018-12-31$1,702,802
Value of fidelity bond covering the plan2018-12-31$5,000,000
Total contributions received or receivable from participants2018-12-31$57,240
Other income received2018-12-31$-29,266
Net income (gross income less expenses)2018-12-31$-68,053
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,634,749
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,702,802
Assets. Value of participant loans2018-12-31$39,964
Assets. Value of employer securities2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$6,270
2017 : SECURITY BANK MINNESOTA 401(K) PLAN 2017 401k financial data
Total income from all sources2017-12-31$494,040
Expenses. Total of all expenses incurred2017-12-31$115,349
Benefits paid (including direct rollovers)2017-12-31$110,000
Total plan assets at end of year2017-12-31$1,702,802
Total plan assets at beginning of year2017-12-31$1,324,111
Value of fidelity bond covering the plan2017-12-31$5,000,000
Total contributions received or receivable from participants2017-12-31$42,502
Contributions received from other sources (not participants or employers)2017-12-31$223,034
Other income received2017-12-31$228,504
Net income (gross income less expenses)2017-12-31$378,691
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,702,802
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,324,111
Assets. Value of participant loans2017-12-31$12,023
Assets. Value of employer securities2017-12-31$123,750
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$5,349
2016 : SECURITY BANK MINNESOTA 401(K) PLAN 2016 401k financial data
Total income from all sources2016-12-31$158,081
Expenses. Total of all expenses incurred2016-12-31$172,469
Benefits paid (including direct rollovers)2016-12-31$166,289
Total plan assets at end of year2016-12-31$1,324,111
Total plan assets at beginning of year2016-12-31$1,338,499
Value of fidelity bond covering the plan2016-12-31$5,000,000
Total contributions received or receivable from participants2016-12-31$39,772
Other income received2016-12-31$118,309
Net income (gross income less expenses)2016-12-31$-14,388
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,324,111
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,338,499
Assets. Value of participant loans2016-12-31$15,051
Assets. Value of employer securities2016-12-31$117,250
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$6,180
2015 : SECURITY BANK MINNESOTA 401(K) PLAN 2015 401k financial data
Total income from all sources2015-12-31$75,088
Expenses. Total of all expenses incurred2015-12-31$5,530
Total plan assets at end of year2015-12-31$1,338,499
Total plan assets at beginning of year2015-12-31$1,268,941
Value of fidelity bond covering the plan2015-12-31$5,000,000
Total contributions received or receivable from participants2015-12-31$36,990
Other income received2015-12-31$38,098
Net income (gross income less expenses)2015-12-31$69,558
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,338,499
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,268,941
Assets. Value of participant loans2015-12-31$15,074
Assets. Value of employer securities2015-12-31$97,900
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$5,530
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : SECURITY BANK MINNESOTA 401(K) PLAN 2014 401k financial data
Total income from all sources2014-12-31$137,781
Expenses. Total of all expenses incurred2014-12-31$16,902
Benefits paid (including direct rollovers)2014-12-31$11,236
Total plan assets at end of year2014-12-31$1,268,941
Total plan assets at beginning of year2014-12-31$1,148,062
Value of fidelity bond covering the plan2014-12-31$5,000,000
Total contributions received or receivable from participants2014-12-31$34,550
Contributions received from other sources (not participants or employers)2014-12-31$2,671
Other income received2014-12-31$98,653
Net income (gross income less expenses)2014-12-31$120,879
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,268,941
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,148,062
Assets. Value of participant loans2014-12-31$17,079
Assets. Value of employer securities2014-12-31$86,500
Total contributions received or receivable from employer(s)2014-12-31$1,907
Value of certain deemed distributions of participant loans2014-12-31$5,666
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : SECURITY BANK MINNESOTA 401(K) PLAN 2013 401k financial data
Total income from all sources2013-12-31$238,189
Expenses. Total of all expenses incurred2013-12-31$446,755
Benefits paid (including direct rollovers)2013-12-31$442,188
Total plan assets at end of year2013-12-31$1,148,062
Total plan assets at beginning of year2013-12-31$1,356,628
Value of fidelity bond covering the plan2013-12-31$5,000,000
Total contributions received or receivable from participants2013-12-31$36,927
Other income received2013-12-31$201,262
Net income (gross income less expenses)2013-12-31$-208,566
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,148,062
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,356,628
Assets. Value of participant loans2013-12-31$18,244
Assets. Value of employer securities2013-12-31$131,280
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$4,567
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : SECURITY BANK MINNESOTA 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$194,024
Expenses. Total of all expenses incurred2012-12-31$9,927
Benefits paid (including direct rollovers)2012-12-31$3,960
Total plan assets at end of year2012-12-31$1,356,628
Total plan assets at beginning of year2012-12-31$1,172,531
Value of fidelity bond covering the plan2012-12-31$5,000,000
Total contributions received or receivable from participants2012-12-31$42,324
Other income received2012-12-31$151,700
Net income (gross income less expenses)2012-12-31$184,097
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,356,628
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,172,531
Assets. Value of participant loans2012-12-31$52,556
Assets. Value of employer securities2012-12-31$185,380
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$5,967
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0

Form 5500 Responses for SECURITY BANK MINNESOTA 401(K) PLAN

2018: SECURITY BANK MINNESOTA 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SECURITY BANK MINNESOTA 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SECURITY BANK MINNESOTA 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SECURITY BANK MINNESOTA 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SECURITY BANK MINNESOTA 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SECURITY BANK MINNESOTA 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SECURITY BANK MINNESOTA 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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