2023 Form 5500 filing — Independence Bank 401k Profit Sharing Plan And Trust
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 20241011121707NAL0021828577001) for Independence Bank 401k Profit Sharing Plan And Trust, reported by Independence Bank under EIN 81-0331859 and plan number 001. It reports 185 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011121707NAL0021828577001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Independence Bank
- EIN
- 81-0331859
- Plan number
- 001
- Location
- Havre, MT
- Participants
- 185
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $29,302,408
- Total liabilities (EOY)
- $3,478
- Net assets (EOY)
- $29,298,930
- Employer contributions
- $1,833,143
- Participant contributions
- $169,399
- Total income / additions
- $4,988,790
- Benefits paid
- $1,829,761
- Administrative expenses
- $101,268
- Total expenses
- $1,931,029
- Net increase / (decrease)
- $3,057,761
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Allied Investment Advisors, LLC | INVESTMENT ADVISOR | $17,983 | not reported in the loaded dataset |
| Da Davidson | INVESTMENT ADVISOR | $16,409 | not reported in the loaded dataset |
| Randall & Hurley, Inc. | TPA | $800 | $8,757 |
| Empower Advisory Group, LLC | INVESTMENT ADVISOR | $9,401 | not reported in the loaded dataset |