ESOP · DOL Form 5500 · 2022

Independent Bancshares, Inc. ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
35
Participants Small participant base
61st
Percentile by assets National rank
$240,648
Avg per participant Above avg balance/head
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Official DOL plan name: Independent Bancshares, Inc. Employee Stock Ownership Plan · Sponsored by Independent Bancshares, Inc. · Alabama · Management of Enterprises

$8M in assets, 35 participants

Independent Bancshares, Inc.'s Independent Bancshares, Inc. Employee Stock Ownership Plan reported $8M in total assets and 35 participants in its 2022 DOL Form 5500 filing, ranking in the 61st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #480 in Management of Enterprises (1,193 peers)

Management of Enterprises sector rank

Within Management of Enterprises, Independent Bancshares, Inc. Employee Stock Ownership Plan ranks #480 of 1,193 2022 filers by assets (4221% of the sector average)-$8M for 35 participants.

#480
in Management of Enterprises (1,193 peers)
+1.9%
assets growth YoY

Independent Bancshares, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Management of Enterprises and all filers

Independent Bancshares, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$8,422,686 Top 39% higher than 61% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Independent Bancshares, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Independent Bancshares, Inc. Employee Stock Ownership Plan is a small filing (35 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 630828070 · Independent Bancshares, Inc. PY 2022 · ESOP

Independent Bancshares, Inc. Employee Stock Ownership Plan · $8M · 35 · 61st

  • BOOK $8M
  • VS-ST 35
  • BOY 61st
  • SCH ESOP
  • EBSA near Concord Lumber Corp. Employee Stock Ownership Plan & Trust
  • PART ind #480

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Alabama →

Independent Bancshares, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Brentwood Services, Inc Profit Sharing PlanBrentwood Services, Inc Prof…$8MStockwell Elastomerics Perpetuity Employee Stock Ownership PlanStockwell Elastomerics Perpe…$8MIndependent Bancshares, Inc. Employee Stock Ownership PlanIndependent Bancshares, Inc.…$8MConcord Lumber Corp. Employee Stock Ownership Plan & TrustConcord Lumber Corp. Employe…$8MMadison Lumber & Hardware, Inc. Employee Stock Ownership PlanMadison Lumber & Hardware, I…$8M
End-of-year total assets ($M) among Independent Bancshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Management of Enterprises filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income$159K
Employer EIN630828070
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Independent Bancshares, Inc.)

Sponsor-wide plan assets over time

All Independent Bancshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 0.9893755982355272% vs 2022
2024 filing year
$8.1M$8.2M$8.3M$8.4M$8.5M$8.6M 202220232024 $8.42M $8.51M ▲ +1.1%
Year Plans Participants Total Assets
2022 1 35 $8M
2023 1 28 $8M
2024 1 35 $9M

Nearby ESOP Plans in Alabama

Peer ESOP plans, same state, same plan type, ranked by total assets.

Independent Bancshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants Scatter plot of 6 data points. -500050010001500 -1000100200300400500 Total assets ($M) Participants Independent Bancshares, Inc. Employee Stock Ownership Plan, Total assets ($M): 8.422686 · Participants: 35Independent Bancshares, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 388.874122 · Participants: 1314Starfish Holdings, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 388.874122 · Participants: 1314Starfish Holdings, Inc. Employee Stock Ownership PlanInline Electric Employee Stock Ownership Plan, Total assets ($M): 163.711693 · Participants: 231Inline Electric Employee Stock Ownership PlanSignature Homes Employee Stock Ownership Plan, Total assets ($M): 126.162 · Participants: 130Signature Homes Employee Stock Ownership PlanRadiance Technologies, Inc. Employee Stock Ownership Plan, Total assets ($M): 120.092479 · Participants: 853Radiance Technologies, Inc. Employee Stock Ownership Plan
Independent Bancshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants
Compare Independent Bancshares, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Independent Bancshares, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Alabama, the nearest ESOP by assets is Concord Lumber Corp. Employee Stock Ownership Plan & Trust in MA ($8M); by covered participants it is Valley City Sign Company Employee Stock Ownership Plan in MI (35 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (35 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Independent Bancshares, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Independent Bancshares, Inc. Employee Stock Ownership Plan edged up modestly - up 1.9% during 2022, from $8M to $8M. Reported net income was $159K.
How have Independent Bancshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Independent Bancshares, Inc.'s sponsor-wide assets grew 1.0%, from $8M to $9M.
Which ESOP plans are similar in size to Independent Bancshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Concord Lumber Corp. Employee Stock Ownership Plan & Trust in MA ($8M, 109 participants).
Which ESOP plans cover a similar participant headcount to Independent Bancshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Valley City Sign Company Employee Stock Ownership Plan in MI (35 participants, $5M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 630828070.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.