Plain-English plan 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, Independent Bank Corporation 401(K) Plan is a benefit plan reported by Independent Bank Corporation under EIN 38-2032782 and plan number 003. The latest loaded filing year is 2023. The filing reports 1,323 participants and $88,751,664 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $88,751,664
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $88,751,664
- Net assets (BOY)
- $78,703,571
Income & contributions
- Employer contributions
- $2,114,097
- Participant contributions
- $6,021,424
- Total contributions
- $8,875,537
- Total income / additions
- $22,370,964
Expenses & distributions
- Benefits paid
- $12,106,348
- Administrative expenses
- $216,439
- Total expenses
- $12,323,087
- Net increase / (decrease)
- $10,047,877