Independent Bancshares, Inc. Employee Stock Ownership Plan — Form 5500 plan (Independent Bancshares, Inc.)
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 Bancshares, Inc. Employee Stock Ownership Plan is a benefit plan reported by Independent Bancshares, Inc. under EIN 63-0828070 and plan number 002. The latest loaded filing year is 2023. The filing reports 41 participants and $8,221,718 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Independent Bancshares, Inc.
- EIN
- 63-0828070
- Plan number
- 002
- Plan type
- 2
- Location
- Red Bay, AL
- Latest filing year
- 2023
- Participants
- 41
- End-of-year plan assets
- $8,221,718
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 41 | I | 20240711102020NAL0018203601001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $8,221,718
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,221,718
- Net assets (BOY)
- $8,422,686
Income & contributions
- Employer contributions
- $75,696
- Total income / additions
- $402,965
Expenses & distributions
- Benefits paid
- $603,933
- Total expenses
- $603,933
- Net increase / (decrease)
- -$200,968
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.