401(k) · DOL Form 5500 · 2022

Independent Bank 401(k) Plan

Data updated 2026-08-25

$105M
Total assets Near avg plan size
1,508
Participants Near avg headcount
93rd
Percentile by assets National rank
$69,828
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Independent Financial 401(k) Profit Sharing Plan · Sponsored by Independent Bank · Texas · Finance & Insurance

$105M in assets, 1,508 participants

Independent Bank's Independent Financial 401(k) Profit Sharing Plan reported $105M in total assets and 1,508 participants in its 2022 DOL Form 5500 filing, ranking in the 93rd 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.

  • #8,223 in Finance & Insurance (9,261 peers)

Coverage in Texas

Independent Financial 401(k) Profit Sharing Plan covers 1,508 participants in Texas, 2.2x the typical Texas plan (state average ~688 per filing). Assets: $105M.

#8,223
in Finance & Insurance (9,261 peers)
-11.2%
assets change YoY
1.1×
vs typical plan assets (national mean)

The plan reported a net loss of $13M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Independent Financial 401(k) Profit Sharing Plan's outsized position by total assets

Independent Financial 401(k) Profit Sharing Plan vs every filed plan by assets

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

$105,300,508 Top 7% higher than 93% 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 Financial 401(k) Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Independent Financial 401(k) Profit Sharing Plan lands in the large band (1,508 participants).

EBSA filing schedule strip

Filing strip 752694563 · Independent Bank PY 2022 · 401(k)

Independent Financial 401(k) Profit Sharing Plan · $105M · 1,508 · 93rd

  • EBSA $105M
  • PART 1,508
  • TYPE 93rd
  • NET 401(k)
  • BOOK near The Commonfund Retirement Savings Plan
  • VS-ST ind #8223

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 Finance & Insurance retirement plans → · Plans in Texas →

Independent Financial 401(k) Profit Sharing Plan in the asset neighbourhood

The Commonfund Retirement Savings PlanThe Commonfund Retirement Sa…$105MThe Scoular Company Retirement Savings PlanThe Scoular Company Retireme…$105MKofax, Inc. 401(k) Salary Savings PlanKofax, Inc. 401(k) Salary Sa…$105MIndependent Financial 401(k) Profit Sharing PlanIndependent Financial 401(k)…$105MSantafe Healthcare, Inc. 401(k) Retirement Savings PlanSantafe Healthcare, Inc. 401…$105M
End-of-year total assets ($M) among Independent Financial 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Texas filing particulars

Total Assets (Beginning of Year)$119M
Net Assets (End of Year)$105M
Net Income-$13M
Employer EIN752694563
Plan Effective Date1994-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Independent Bank)

Sponsor-wide plan assets over time

All Independent Bank plans reported in each filing year

Latest sponsor-wide plan assets
$143M 35.76952829135449% vs 2022
2024 filing year
$100M$120M$140M$160M 202220232024 $105M $143M ▲ +35.8%
Year Plans Participants Total Assets
2022 1 1,508 $105M
2023 1 1,451 $118M
2024 1 1,443 $143M

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Independent Financial 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -10010203040 Total assets ($B) Participants Independent Financial 401(k) Profit Sharing Plan, Total assets ($B): 0.105300508 · Participants: 1508Independent Financial 401(k) Profit Sharing PlanAT&T Retirement Savings Plan, Total assets ($B): 37.578871 · Participants: 144503AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.266 · Participants: 23619Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 13.794958016 · Participants: 38538Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 12.806443202 · Participants: 85577American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 11.969059 · Participants: 47532Dell Inc. 401(k) Plan
Independent Financial 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Independent Financial 401(k) Profit Sharing Plan side-by-side with 3 peers →

Independent Financial 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is The Commonfund Retirement Savings Plan in CT ($105M); by covered participants it is A&b Retirement Plan in GA (1,508 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($105M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,508 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 Financial 401(k) Profit Sharing Plan assets move in 2022? ▼
Independent Financial 401(k) Profit Sharing Plan pulled back noticeably - down 11.2% during 2022, from $119M to $105M. Reported net income was -$13M.
How have Independent Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Independent Bank's sponsor-wide assets grew 35.8%, from $105M to $143M.
Where does Independent Financial 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Independent Financial 401(k) Profit Sharing Plan ranks in the 93rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Independent Financial 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Commonfund Retirement Savings Plan in CT ($105M, 162 participants).
Which 401(k) plans cover a similar participant headcount to Independent Financial 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is A&b Retirement Plan in GA (1,508 participants, $864M 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 752694563.

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.