401k Plan data: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST plan

SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan Name	SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
Plan identification number	001

SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SECURITY BANCORP., INC. has sponsored the creation of one or more 401k plans.

Company Name: SECURITY BANCORP., INC.

Employer identification number (EIN): 620629159

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 JOE H. PUGH
001 2016-01-01 JOE H. PUGH
001 2015-01-01 JOE H. PUGH
001 2014-01-01 JOE H. PUGH
001 2013-01-01 JOE H. PUGH
001 2012-01-01 JOE H. PUGH
001 2011-01-01 JOE H. PUGH
001 2009-01-01 JOE H. PUGH JOE H. PUGH 2010-08-18

Plan Statistics for SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Measure Date Value
2022: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year 2022-01-01 54
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 48
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 9
Total of all active and inactive participants 2022-01-01 57
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 57
Number of participants with account balances 2022-01-01 52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year 2021-01-01 57
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 47
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 7
Total of all active and inactive participants 2021-01-01 54
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 54
Number of participants with account balances 2021-01-01 52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year 2020-01-01 65
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 48
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 9
Total of all active and inactive participants 2020-01-01 57
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 57
Number of participants with account balances 2020-01-01 55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year 2019-01-01 56
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 51
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 14
Total of all active and inactive participants 2019-01-01 65
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 65
Number of participants with account balances 2019-01-01 55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year 2018-01-01 61
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 48
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 8
Total of all active and inactive participants 2018-01-01 56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 56
Number of participants with account balances 2018-01-01 55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year 2017-01-01 57
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 55
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 5
Total of all active and inactive participants 2017-01-01 60
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 1
Total participants 2017-01-01 61
Number of participants with account balances 2017-01-01 55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year 2016-01-01 56
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 50
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 6
Total of all active and inactive participants 2016-01-01 56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 1
Total participants 2016-01-01 57
Number of participants with account balances 2016-01-01 53
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year 2015-01-01 56
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 50
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 6
Total of all active and inactive participants 2015-01-01 56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 56
Number of participants with account balances 2015-01-01 53
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year 2014-01-01 51
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 50
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 6
Total of all active and inactive participants 2014-01-01 56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 56
Number of participants with account balances 2014-01-01 50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year 2013-01-01 50
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 46
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 5
Total of all active and inactive participants 2013-01-01 51
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 51
Number of participants with account balances 2013-01-01 47
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year 2012-01-01 53
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 43
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 7
Total of all active and inactive participants 2012-01-01 50
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 50
Number of participants with account balances 2012-01-01 49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year 2011-01-01 53
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 43
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 10
Total of all active and inactive participants 2011-01-01 53
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 53
Number of participants with account balances 2011-01-01 51
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 54
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 48
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 7
Total of all active and inactive participants 2009-01-01 55
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 55
Number of participants with account balances 2009-01-01 55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2022: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year	2022-01-01	54
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	48
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	9
Total of all active and inactive participants	2022-01-01	57
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	57
Number of participants with account balances	2022-01-01	52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year	2021-01-01	57
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	47
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	7
Total of all active and inactive participants	2021-01-01	54
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	54
Number of participants with account balances	2021-01-01	52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year	2020-01-01	65
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	48
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	9
Total of all active and inactive participants	2020-01-01	57
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	57
Number of participants with account balances	2020-01-01	55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year	2019-01-01	56
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	51
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	14
Total of all active and inactive participants	2019-01-01	65
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	65
Number of participants with account balances	2019-01-01	55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year	2018-01-01	61
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	48
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	8
Total of all active and inactive participants	2018-01-01	56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	56
Number of participants with account balances	2018-01-01	55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year	2017-01-01	57
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	55
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	5
Total of all active and inactive participants	2017-01-01	60
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	1
Total participants	2017-01-01	61
Number of participants with account balances	2017-01-01	55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year	2016-01-01	56
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	50
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	6
Total of all active and inactive participants	2016-01-01	56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	1
Total participants	2016-01-01	57
Number of participants with account balances	2016-01-01	53
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year	2015-01-01	56
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	50
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	6
Total of all active and inactive participants	2015-01-01	56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	56
Number of participants with account balances	2015-01-01	53
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year	2014-01-01	51
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	50
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	6
Total of all active and inactive participants	2014-01-01	56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	56
Number of participants with account balances	2014-01-01	50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year	2013-01-01	50
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	46
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	5
Total of all active and inactive participants	2013-01-01	51
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	51
Number of participants with account balances	2013-01-01	47
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year	2012-01-01	53
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	43
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	7
Total of all active and inactive participants	2012-01-01	50
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	50
Number of participants with account balances	2012-01-01	49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year	2011-01-01	53
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	43
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	10
Total of all active and inactive participants	2011-01-01	53
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	53
Number of participants with account balances	2011-01-01	51
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	54
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	48
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	7
Total of all active and inactive participants	2009-01-01	55
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	55
Number of participants with account balances	2009-01-01	55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Measure	Date	Value
2022 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2022 401k financial data
Total income from all sources	2022-12-31	$-772,383
Expenses. Total of all expenses incurred	2022-12-31	$723,894
Benefits paid (including direct rollovers)	2022-12-31	$689,280
Total plan assets at end of year	2022-12-31	$5,938,822
Total plan assets at beginning of year	2022-12-31	$7,435,099
Value of fidelity bond covering the plan	2022-12-31	$3,500,000
Total contributions received or receivable from participants	2022-12-31	$159,703
Other income received	2022-12-31	$-1,055,301
Net income (gross income less expenses)	2022-12-31	$-1,496,277
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$5,938,822
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$7,435,099
Assets. Value of participant loans	2022-12-31	$58,458
Assets. Value of employer securities	2022-12-31	$753,974
Total contributions received or receivable from employer(s)	2022-12-31	$123,215
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$34,614
2021 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2021 401k financial data
Total income from all sources	2021-12-31	$1,484,730
Expenses. Total of all expenses incurred	2021-12-31	$307,621
Benefits paid (including direct rollovers)	2021-12-31	$270,695
Total plan assets at end of year	2021-12-31	$7,435,099
Total plan assets at beginning of year	2021-12-31	$6,257,990
Value of fidelity bond covering the plan	2021-12-31	$3,500,000
Total contributions received or receivable from participants	2021-12-31	$158,819
Contributions received from other sources (not participants or employers)	2021-12-31	$15,874
Other income received	2021-12-31	$1,186,088
Net income (gross income less expenses)	2021-12-31	$1,177,109
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$7,435,099
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$6,257,990
Assets. Value of participant loans	2021-12-31	$63,376
Assets. Value of employer securities	2021-12-31	$1,207,725
Total contributions received or receivable from employer(s)	2021-12-31	$123,949
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$36,926
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2020 401k financial data
Total income from all sources	2020-12-31	$876,103
Expenses. Total of all expenses incurred	2020-12-31	$69,714
Benefits paid (including direct rollovers)	2020-12-31	$40,753
Total plan assets at end of year	2020-12-31	$6,257,990
Total plan assets at beginning of year	2020-12-31	$5,451,601
Value of fidelity bond covering the plan	2020-12-31	$2,800,000
Total contributions received or receivable from participants	2020-12-31	$150,276
Contributions received from other sources (not participants or employers)	2020-12-31	$32,440
Other income received	2020-12-31	$569,483
Net income (gross income less expenses)	2020-12-31	$806,389
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$6,257,990
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$5,451,601
Assets. Value of participant loans	2020-12-31	$76,377
Assets. Value of employer securities	2020-12-31	$982,527
Total contributions received or receivable from employer(s)	2020-12-31	$123,904
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$28,961
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2019 401k financial data
Total income from all sources	2019-12-31	$1,183,476
Expenses. Total of all expenses incurred	2019-12-31	$207,127
Benefits paid (including direct rollovers)	2019-12-31	$176,925
Total plan assets at end of year	2019-12-31	$5,451,601
Total plan assets at beginning of year	2019-12-31	$4,475,252
Value of fidelity bond covering the plan	2019-12-31	$2,800,000
Total contributions received or receivable from participants	2019-12-31	$139,931
Other income received	2019-12-31	$930,545
Net income (gross income less expenses)	2019-12-31	$976,349
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$5,451,601
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$4,475,252
Assets. Value of participant loans	2019-12-31	$71,355
Assets. Value of employer securities	2019-12-31	$962,044
Total contributions received or receivable from employer(s)	2019-12-31	$113,000
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$30,202
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2018 401k financial data
Total income from all sources	2018-12-31	$127,457
Expenses. Total of all expenses incurred	2018-12-31	$45,185
Benefits paid (including direct rollovers)	2018-12-31	$21,343
Total plan assets at end of year	2018-12-31	$4,475,252
Total plan assets at beginning of year	2018-12-31	$4,392,980
Value of fidelity bond covering the plan	2018-12-31	$2,800,000
Total contributions received or receivable from participants	2018-12-31	$134,125
Expenses. Other expenses not covered elsewhere	2018-12-31	$2,150
Contributions received from other sources (not participants or employers)	2018-12-31	$1,826
Other income received	2018-12-31	$-118,019
Net income (gross income less expenses)	2018-12-31	$82,272
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$4,475,252
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$4,392,980
Assets. Value of participant loans	2018-12-31	$95,905
Assets. Value of employer securities	2018-12-31	$962,044
Total contributions received or receivable from employer(s)	2018-12-31	$109,525
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$21,692
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2017 401k financial data
Total income from all sources	2017-12-31	$896,082
Expenses. Total of all expenses incurred	2017-12-31	$48,520
Benefits paid (including direct rollovers)	2017-12-31	$24,936
Total plan assets at end of year	2017-12-31	$4,392,980
Total plan assets at beginning of year	2017-12-31	$3,545,418
Value of fidelity bond covering the plan	2017-12-31	$2,800,000
Total contributions received or receivable from participants	2017-12-31	$122,610
Expenses. Other expenses not covered elsewhere	2017-12-31	$1,355
Other income received	2017-12-31	$674,648
Net income (gross income less expenses)	2017-12-31	$847,562
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$4,392,980
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$3,545,418
Assets. Value of participant loans	2017-12-31	$104,670
Assets. Value of employer securities	2017-12-31	$889,356
Total contributions received or receivable from employer(s)	2017-12-31	$98,824
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$22,229
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
2016 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2016 401k financial data
Total income from all sources	2016-12-31	$629,834
Expenses. Total of all expenses incurred	2016-12-31	$157,444
Benefits paid (including direct rollovers)	2016-12-31	$136,475
Total plan assets at end of year	2016-12-31	$3,545,418
Total plan assets at beginning of year	2016-12-31	$3,073,028
Value of fidelity bond covering the plan	2016-12-31	$2,800,000
Total contributions received or receivable from participants	2016-12-31	$109,639
Expenses. Other expenses not covered elsewhere	2016-12-31	$1,275
Contributions received from other sources (not participants or employers)	2016-12-31	$50,201
Other income received	2016-12-31	$379,731
Net income (gross income less expenses)	2016-12-31	$472,390
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$3,545,418
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$3,073,028
Assets. Value of participant loans	2016-12-31	$112,374
Assets. Value of employer securities	2016-12-31	$734,454
Total contributions received or receivable from employer(s)	2016-12-31	$90,263
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$19,694
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2015 401k financial data
Total income from all sources	2015-12-31	$217,643
Expenses. Total of all expenses incurred	2015-12-31	$122,637
Benefits paid (including direct rollovers)	2015-12-31	$103,166
Total plan assets at end of year	2015-12-31	$3,073,028
Total plan assets at beginning of year	2015-12-31	$2,978,022
Value of fidelity bond covering the plan	2015-12-31	$2,800,000
Total contributions received or receivable from participants	2015-12-31	$106,123
Expenses. Other expenses not covered elsewhere	2015-12-31	$1,650
Other income received	2015-12-31	$30,858
Net income (gross income less expenses)	2015-12-31	$95,006
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$3,073,028
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$2,978,022
Assets. Value of participant loans	2015-12-31	$99,901
Assets. Value of employer securities	2015-12-31	$625,135
Total contributions received or receivable from employer(s)	2015-12-31	$80,662
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$17,821
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2014 401k financial data
Total income from all sources	2014-12-31	$425,024
Expenses. Total of all expenses incurred	2014-12-31	$70,357
Benefits paid (including direct rollovers)	2014-12-31	$53,156
Total plan assets at end of year	2014-12-31	$2,978,022
Total plan assets at beginning of year	2014-12-31	$2,623,355
Value of fidelity bond covering the plan	2014-12-31	$2,800,000
Total contributions received or receivable from participants	2014-12-31	$107,324
Expenses. Other expenses not covered elsewhere	2014-12-31	$1,175
Other income received	2014-12-31	$241,269
Net income (gross income less expenses)	2014-12-31	$354,667
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$2,978,022
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$2,623,355
Assets. Value of participant loans	2014-12-31	$79,932
Assets. Value of employer securities	2014-12-31	$616,572
Total contributions received or receivable from employer(s)	2014-12-31	$76,431
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$16,026
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2013 401k financial data
Total income from all sources	2013-12-31	$587,809
Expenses. Total of all expenses incurred	2013-12-31	$179,374
Benefits paid (including direct rollovers)	2013-12-31	$164,536
Total plan assets at end of year	2013-12-31	$2,623,355
Total plan assets at beginning of year	2013-12-31	$2,214,920
Value of fidelity bond covering the plan	2013-12-31	$2,800,000
Total contributions received or receivable from participants	2013-12-31	$106,798
Expenses. Other expenses not covered elsewhere	2013-12-31	$751
Other income received	2013-12-31	$403,835
Net income (gross income less expenses)	2013-12-31	$408,435
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$2,623,355
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$2,214,920
Assets. Value of participant loans	2013-12-31	$74,629
Assets. Value of employer securities	2013-12-31	$550,638
Total contributions received or receivable from employer(s)	2013-12-31	$77,176
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$14,087
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Total income from all sources	2012-12-31	$349,327
Expenses. Total of all expenses incurred	2012-12-31	$196,175
Benefits paid (including direct rollovers)	2012-12-31	$183,480
Total plan assets at end of year	2012-12-31	$2,214,920
Total plan assets at beginning of year	2012-12-31	$2,061,768
Value of fidelity bond covering the plan	2012-12-31	$2,800,000
Total contributions received or receivable from participants	2012-12-31	$105,968
Expenses. Other expenses not covered elsewhere	2012-12-31	$655
Other income received	2012-12-31	$206,094
Net income (gross income less expenses)	2012-12-31	$153,152
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$2,214,920
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$2,061,768
Assets. Value of participant loans	2012-12-31	$69,901
Assets. Value of employer securities	2012-12-31	$502,435
Total contributions received or receivable from employer(s)	2012-12-31	$37,265
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$12,040
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Total income from all sources	2011-12-31	$137,346
Expenses. Total of all expenses incurred	2011-12-31	$93,110
Benefits paid (including direct rollovers)	2011-12-31	$81,098
Total plan assets at end of year	2011-12-31	$2,061,768
Total plan assets at beginning of year	2011-12-31	$2,017,532
Value of fidelity bond covering the plan	2011-12-31	$2,800,000
Total contributions received or receivable from participants	2011-12-31	$111,308
Expenses. Other expenses not covered elsewhere	2011-12-31	$630
Other income received	2011-12-31	$-51,820
Net income (gross income less expenses)	2011-12-31	$44,236
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$2,061,768
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,017,532
Assets. Value of participant loans	2011-12-31	$76,005
Assets. Value of employer securities	2011-12-31	$497,055
Total contributions received or receivable from employer(s)	2011-12-31	$77,858
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$11,382
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Total income from all sources	2010-12-31	$425,159
Expenses. Total of all expenses incurred	2010-12-31	$199,547
Benefits paid (including direct rollovers)	2010-12-31	$189,023
Total plan assets at end of year	2010-12-31	$2,017,532
Total plan assets at beginning of year	2010-12-31	$1,791,920
Value of fidelity bond covering the plan	2010-12-31	$2,275,000
Total contributions received or receivable from participants	2010-12-31	$122,095
Other income received	2010-12-31	$219,465
Net income (gross income less expenses)	2010-12-31	$225,612
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,017,532
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,791,920
Assets. Value of participant loans	2010-12-31	$35,914
Assets. Value of employer securities	2010-12-31	$590,373
Total contributions received or receivable from employer(s)	2010-12-31	$83,599
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$10,524
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

2022: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: SECURITY FEDERAL SAVINGS BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	SECURITY BANCORP., INC.
Employer identification number (EIN):	620629159
NAIC Classification:	522120
NAIC Description:	Savings Institutions