Plan5500

Bank Independent Pension 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 Pension Plan is a benefit plan reported by Bank Independent under EIN 63-0260951 and plan number 003. The latest loaded filing year is 2023. The filing reports 764 participants and $35,099,089 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Bank Independent
EIN
63-0260951
Plan number
003
Plan type
2
Location
Florence, AL
Latest filing year
2023
Participants
764
End-of-year plan assets
$35,099,089

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023764H, C20241015163531NAL0029125121001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$35,099,089
Total liabilities (EOY)
$0
Net assets (EOY)
$35,099,089
Net assets (BOY)
$35,016,142

Income & contributions

Total contributions
$0
Total income / additions
$1,271,871

Expenses & distributions

Benefits paid
$1,039,832
Administrative expenses
$149,092
Total expenses
$1,188,924
Net increase / (decrease)
$82,947

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Futureplan By AscensusNONE$57,015not reported in the loaded dataset2023
Crowe LlpNONE$18,638not reported in the loaded dataset2023

Related Form 5500 pages