401(k) · DOL Form 5500 · 2022

Independence Bank 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
117
Participants Small participant base
81st
Percentile by assets National rank
$224,312
Avg per participant Above avg balance/head
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Official DOL plan name: Independence Bank 401(k) Profit Sharing Plan and Trust · Sponsored by Independence Bank · Montana · Finance & Insurance

$26M in assets, 117 participants

Independence Bank's Independence Bank 401(k) Profit Sharing Plan and Trust reported $26M in total assets and 117 participants in its 2022 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,446 in Finance & Insurance (9,261 peers)

Coverage in Montana

Independence Bank 401(k) Profit Sharing Plan and Trust covers 117 participants in Montana, about 43% of the average Montana filer (state average ~271 per filing). Assets: $26M.

#6,446
in Finance & Insurance (9,261 peers)
-11.5%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Independence Bank 401(k) Profit Sharing Plan and Trust's outsized position by total assets

Independence Bank 401(k) Profit Sharing Plan and Trust vs every filed plan by assets

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

$26,244,506 Top 19% higher than 81% 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

Independence Bank 401(k) Profit Sharing Plan and Trust among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Independence Bank 401(k) Profit Sharing Plan and Trust sits mid-pack in the medium band (117 participants).

EBSA filing schedule strip

Filing strip 810331859 · Independence Bank PY 2022 · 401(k)

Independence Bank 401(k) Profit Sharing Plan and Trust · $26M · 117 · 81st

  • PART $26M
  • PART 117
  • PART 81st
  • PART 401(k)
  • PART near The Act 1 Group of Companies 401(k) Plan for Hourly Associates
  • PART ind #6446

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 Montana →

Independence Bank 401(k) Profit Sharing Plan and Trust in the asset neighbourhood

Children's Home & Aid Society of Illinois 401(k) PlanChildren's Home & Aid Societ…$26MSiliconware USA, Inc. 401(k) PlanSiliconware USA, Inc. 401(k)…$26MIndependence Bank 401(k) Profit Sharing Plan and TrustIndependence Bank 401(k) Pro…$26MThe Act 1 Group of Companies 401(k) Plan for Hourly AssociatesThe Act 1 Group of Companies…$26MCyberoptics Corporation Retirement Savings PlanCyberoptics Corporation Reti…$26M
End-of-year total assets ($M) among Independence Bank 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Montana filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$26M
Net Income-$3M
Employer EIN810331859
Plan Effective Date1976-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Independence Bank)

Sponsor-wide plan assets over time

All Independence Bank plans reported in each filing year

Latest sponsor-wide plan assets
$34M 31.389251525633593% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $26.2M $34.5M ▲ +31.4%
Year Plans Participants Total Assets
2022 1 117 $26M
2023 1 135 $29M
2024 1 141 $34M

Nearby 401(k) Plans in Montana

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

Independence Bank 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Montana, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 0100200300400500 Total assets ($M) Participants Independence Bank 401(k) Profit Sharing Plan and Trust, Total assets ($M): 26.244506 · Participants: 117Independence Bank 401(k) Profit Sharing Plan and TrustFirst Interstate Bancsystem, Inc. 401(k) Plan, Total assets ($M): 425.784366 · Participants: 2313First Interstate Bancsystem, Inc. 401(k) PlanD.a. Davidson Companies Retirement Savings and Profit Sharing Plan, Total assets ($M): 421.705773 · Participants: 1507D.a. Davidson Companies Retirement Savings and Profit Sharing PlanGlacier Bancorp, Inc. Profit Sharing and 401(k) Plan, Total assets ($M): 412.377455 · Participants: 3272Glacier Bancorp, Inc. Profit Sharing and 401(k) PlanNorthwestern Energy 401(k) Retirement Savings Plan, Total assets ($M): 405.510912 · Participants: 1494Northwestern Energy 401(k) Retirement Savings PlanLogan Health Retirement Savings Plan, Total assets ($M): 358.733064 · Participants: 4055Logan Health Retirement Savings Plan
Independence Bank 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Montana, assets vs. participants
Compare Independence Bank 401(k) Profit Sharing Plan and Trust side-by-side with 3 peers →

Independence Bank 401(k) Profit Sharing Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Montana, the nearest 401(k) by assets is The Act 1 Group of Companies 401(k) Plan for Hourly Associates in CA ($26M); by covered participants it is The Kansas City Landsman, L.L.C. Retirement Plan in GA (117 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (117 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 Independence Bank 401(k) Profit Sharing Plan and Trust assets move in 2022? ▼
Independence Bank 401(k) Profit Sharing Plan and Trust pulled back noticeably - down 11.5% during 2022, from $30M to $26M. Reported net income was -$3M.
How have Independence Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Independence Bank's sponsor-wide assets grew 31.4%, from $26M to $34M.
Where does Independence Bank 401(k) Profit Sharing Plan and Trust rank by assets among Form 5500 filers? ▼
Independence Bank 401(k) Profit Sharing Plan and Trust ranks in the 81st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Independence Bank 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is The Act 1 Group of Companies 401(k) Plan for Hourly Associates in CA ($26M, 2,659 participants).
Which 401(k) plans cover a similar participant headcount to Independence Bank 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is The Kansas City Landsman, L.L.C. Retirement Plan in GA (117 participants, N/A 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 810331859.

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.