Security State CorporationESOP
SECURITY STATE CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · CENTRALIA, WA · plan year 2024
Security State Corporation's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $24,753,748 across 137 participant accounts, with employer contributions averaging $1,477 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 603rd-largest of 1,714 plans among Washington employers on file, and 399th of 786 in management of companies. active participation has grown from 76 to 88 since 2022.
Security State Corporation's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 912011590 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.