Independence Bank 401k Profit Sharing Plan And Trust — Form 5500 plan (Independence Bank)
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, Independence Bank 401k Profit Sharing Plan And Trust is a benefit plan reported by Independence Bank under EIN 81-0331859 and plan number 001. The latest loaded filing year is 2023. The filing reports 185 participants and $29,302,408 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Independence Bank
- EIN
- 81-0331859
- Plan number
- 001
- Plan type
- 2
- Location
- Havre, MT
- Latest filing year
- 2023
- Participants
- 185
- End-of-year plan assets
- $29,302,408
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 185 | H, C | 20241011121707NAL0021828577001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $29,302,408
- Total liabilities (EOY)
- $3,478
- Net assets (EOY)
- $29,298,930
- Net assets (BOY)
- $26,241,169
Income & contributions
- Employer contributions
- $1,833,143
- Participant contributions
- $169,399
- Total contributions
- $2,042,560
- Total income / additions
- $4,988,790
Expenses & distributions
- Benefits paid
- $1,829,761
- Administrative expenses
- $101,268
- Total expenses
- $1,931,029
- Net increase / (decrease)
- $3,057,761
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Allied Investment Advisors, LLC | INVESTMENT ADVISOR | $17,983 | not reported in the loaded dataset | 2023 |
| Da Davidson | INVESTMENT ADVISOR | $16,409 | not reported in the loaded dataset | 2023 |
| Randall & Hurley, Inc. | TPA | $800 | $8,757 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT ADVISOR | $9,401 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Independence Bank
- 2023 Form 5500 filing
- Form 5500 filings in MT
- 401(k) and benefit plan filings in Havre, MT
- Allied Investment Advisors, LLC — Schedule C compensation
- Da Davidson — Schedule C compensation
- Randall & Hurley, Inc. — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation