2023 Form 5500 filing — Tib Employee Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240925103030NAL0028815362001) for Tib Employee Savings Plan, reported by Independent Bankers Financial Corporation under EIN 75-1892487 and plan number 001. It reports 308 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240925103030NAL0028815362001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Independent Bankers Financial Corporation
- EIN
- 75-1892487
- Plan number
- 001
- Location
- Farmers Branch, TX
- Participants
- 308
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $68,045,237
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $68,045,237
- Employer contributions
- $1,096,250
- Participant contributions
- $1,966,514
- Total income / additions
- $16,166,294
- Benefits paid
- $8,441,375
- Administrative expenses
- $78,251
- Total expenses
- $8,519,626
- Net increase / (decrease)
- $7,646,668
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $30,251 | $0 |
| Commerce Street Investment Advisor | ADVISOR | $24,000 | not reported in the loaded dataset |
| Commerce Street Peak Advisors | INVESTMENT ADVISOR | $24,000 | not reported in the loaded dataset |