Research shows us that one of the number one concerns individuals have, regardless of net worth, is their ability to have a comfortable retirement and not out live their assets. Though this is a concern, only 43% of the population has actually tried to calculate how much they will need. 

 

Depending on your individual situation, one or a combination of our investment options may best meet your financial needs.  In addition, we would like to offer to have one of our banks Investment professionals run a projection to help determine if you are on track to retire and maintain a lifestyle that you would like.   

 

It is unfortunate, but as the saying goes, "Most people will spend more time planning their 2 week vacation than they will spend planning their 20 year retirement". 

 

401(k) Plans 

 

$386 Million 

market value of participant directed accounts  

 

200 + 

participant directed accounts 

 

1 to 1,500+ 

participant plan size 

 

Security National Bank offers a variety of retirement plans to fit your companies or organizations specific needs. Our combination of products, investments, service and technology delivers exceptional value to our plan sponsors and participants. 

 

The following retirement plans are available: 

 

Plan Services 

 

Trustee  

 

Investment Manager  

 

Recordkeeper  

 

Custodian  

 

Security National Banks retirement plan services may be all-inclusive or shared. Our solution driven approach is designed to meet the needs of your organization. 

 

Compliance  

 

Our trained staff of Employee Benefit professionals are available to assist and support you with the administration of your plan in the areas of: 

 

Plan Design  

 

Annual Reporting and Filings                                                 

         ADP & ACP 

         Top Heavy 

         415 

         402(g) 

         Coverage 

 

Plan Administration 

 

In addition to the trained staff of professionals, an Employee Benefit Consultant firm (McKay Hochman, Inc. Co.) is available on retainer at all times to assist with the administration and compliance complexities at no additional charge. 

 

Participant Education 

At Security National Bank we will review with participants at each enrollment and education meeting the following information: 

 

Plan Features:                                       Investments: 

Eligibility requirements                               Saving and participating in the plan 

Employee and employer contributions          Explanation of investment options 

Vesting of employer contributions                Importance of portfolio diversification 

Distributions and loans (if permitted)           Asset allocation 

Retirement age                                          Risk vs. Return 

Explanation of quarterly statements             Review fund performance 

Internet and Voice Recognition Unit (VRU) 

 

For more information, contact the Wealth Management Division at  

(712) 277-6586 or (800) 475-4468