Plan5500

Bank Independent Stock Bonus Plan — Form 5500 plan (Bank Independent)

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, Bank Independent Stock Bonus Plan is a benefit plan reported by Bank Independent under EIN 63-0260951 and plan number 001. The latest loaded filing year is 2023. The filing reports 532 participants and $1,844,805 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Bank Independent
EIN
63-0260951
Plan number
001
Plan type
2
Location
Florence, AL
Latest filing year
2023
Participants
532
End-of-year plan assets
$1,844,805

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023532H, C20241015130614NAL0028515809001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$1,844,805
Total liabilities (EOY)
$0
Net assets (EOY)
$1,844,805
Net assets (BOY)
$1,772,549

Income & contributions

Employer contributions
$0
Participant contributions
$0
Total contributions
$0
Total income / additions
$113,663

Expenses & distributions

Benefits paid
$21,724
Administrative expenses
$19,683
Total expenses
$41,407
Net increase / (decrease)
$72,256

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Crowe, LlpAUDITOR$10,894not reported in the loaded dataset2023
Futureplan By AscensusTPA$8,789not reported in the loaded dataset2023

Related Form 5500 pages