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Sponsor portfolioWelfare / HealthEIN 57-0113015

SECURITY FEDERAL BANK

1705 WHISKEY ROAD · AIKEN, SC 29803
8036413000
Plans filed
2
Years active
2015–2025
Industry
NAICS 52
Latest filing
2025
Total premiums (latest)
$455K
No prior year
Persons covered
241
No prior year
Total participants
241
No prior year
Plans filed
2
No prior year

Plans under this sponsor

2 plans
Plan #501$455K
SECURITY FEDERAL BANK EMPLOYEE BENEFITS PLAN
Mixed241 covered·4 carriers
Primary: STARMOUNT LIFE INSURANCE COMPANY
Plan #502$78K
SECURITY FEDERAL BANK LIFE AND DISABILITY PLAN
Fully insured178 covered·2 carriers
Primary: UNUM LIFE INSURANCE COMPANY OF AMERICA

Coverage overview

Aggregate, latest year
Benefit typePremiumShareDistribution
Other$211K24.3%
Dental$178K20.4%
Vision$178K20.4%
Life$167K19.1%
Long-term disability$91K10.5%
Short-term disability$46K5.2%

Carrier overview

2 carriers · all plans
CarrierCoverageTotal premiumSharePlansContractsCovered
UNUM LIFE INSURANCE COMPANY OF AMERICA
EIN 042381280
LSTDLTDOth
$277K60.9%18241
STARMOUNT LIFE INSURANCE COMPANY
EIN 720977315
DV
$178K39.1%11201

Broker overview

3 brokers · all plans
BrokerLocCarriersCommissionsFeesTotal compSharePlans
BROWN & BROWN INSURANCE SERVICESN. CHARLESTON, SCUNUM INSURANCE COMPANY, UNUM LIFE INSURANCE COMPANY OF AMERICA, STARMOUNT LIFE INSURANCE COMPANY, PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY$68K$4K$72K99.4%1
WARD FINANCIAL SERVICES INCCOLUMBIA, SCUNUM LIFE INSURANCE COMPANY OF AMERICA, PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY$379$0$3790.5%1
JAMES W WARDCOLUMBIA, SCPROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY$55$0$550.1%1

History & trajectory

11 years · all plans
Total premiums
Summed across all plans for this sponsor.
Persons covered
EOY headcount summed across all plans.
Carrier mix
Premium by top carriers, summed across plans.
Broker compensation
Comp by top brokers, summed across plans.

Policy details

Latest year, by plan
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