Security Finance Corporation of Spartanburg 401(k) match, vesting and fees
What Security Finance Corporation of Spartanburg's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Schwab Retirement Plan Services Inc | Schedule C ↗ |
| Independent auditor | Elliott Davis LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 673 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Security Finance Corporation of Spartanburg: employer contribution per participant | $1,839 | |
| Peer median | $2,966 |
| Security Finance Corporation of Spartanburg: average balance | $70,314 | |
| Peer median | $104,792 |
| Security Finance Corporation of Spartanburg: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $102M at the end of plan year 2023 to $114M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,014 | $114M | $3M | $1,839 | 0.03% | Not published | Form 5500 ↗ |
| 2023 | 2,102 | $102M | $2.9M | $1,763 | 0.02% | Not published | Form 5500 ↗ |
Common questions
Does Security Finance Corporation of Spartanburg match 401(k) contributions?
The match terms for the Security 401(k) Profit-Sharing and Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $3M in employer contributions, about $1,839 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Security Finance Corporation of Spartanburg 401(k) match vested?
The vesting schedule for the Security 401(k) Profit-Sharing and Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Security Finance Corporation of Spartanburg 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services Inc. The plan administrator is Security Finance Corporation of Spartanburg.
I left Security Finance Corporation of Spartanburg. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Security Finance Corporation of Spartanburg, (864) 582-8193) or the recordkeeper, Schwab Retirement Plan Services Inc. The Security Finance Corporation of Spartanburg old 401(k) page lists the contacts from every plan filing. Find an old Security Finance Corporation of Spartanburg 401(k)
Data from the public Form 5500 annual reports Security Finance Corporation of Spartanburg filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Security Finance Corporation of Spartanburg. Not financial advice. Report a correction · Methodology