401(k) · DOL Form 5500 · 2022

Independent Bank Corporation 401(k) Plan

Data updated 2026-08-25

$79M
Total assets Below avg plan size
979
Participants Near avg headcount
91st
Percentile by assets National rank
$80,392
Avg per participant Below avg balance/head
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Official DOL plan name: Independent Bank Corporation 401(k) Plan · Sponsored by Independent Bank Corporation · Michigan · Finance & Insurance

$79M in assets, 979 participants

Independent Bank Corporation's Independent Bank Corporation 401(k) Plan reported $79M in total assets and 979 participants in its 2022 DOL Form 5500 filing, ranking in the 91st 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.

  • #7,974 in Finance & Insurance (9,261 peers)

Where Independent Bank Corporation 401(k) Plan sits by assets

Independent Bank Corporation 401(k) Plan sits in the top 10% of all filed plans by assets, $79M for 979 participants (~$80,392/participant), down 16.9% in 2022.

#7,974
in Finance & Insurance (9,261 peers)
-16.9%
assets change YoY
0.8×
vs typical plan assets (national mean)

The plan reported a net loss of $16M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Independent Bank Corporation 401(k) Plan's outsized position by total assets

Independent Bank Corporation 401(k) Plan vs every filed plan by assets

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

$78,703,571 Top 9% higher than 91% 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 Bank Corporation 401(k) Plan 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. Independent Bank Corporation 401(k) Plan sits mid-pack in the medium band (979 participants).

Published 5500 schedule card

Filing strip 382032782 · Independent Bank Corporation PY 2022 · 401(k)

Independent Bank Corporation 401(k) Plan · $79M · 979 · 91st

  • TYPE $79M
  • TYPE 979
  • TYPE 91st
  • TYPE 401(k)
  • TYPE near Kentucky Farm Bureau Mutual Insurance Company 401(k) Plan
  • TYPE ind #7974

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 Michigan →

Independent Bank Corporation 401(k) Plan in the asset neighbourhood

Attindas Hygiene Partners 401(k) PlanAttindas Hygiene Partners 40…$79MCommunications Wkrs of America 401(k) Tax Deferred Savings PlanCommunications Wkrs of Ameri…$79MIndependent Bank Corporation 401(k) PlanIndependent Bank Corporation…$79MKentucky Farm Bureau Mutual Insurance Company 401(k) PlanKentucky Farm Bureau Mutual …$79MMountin West Anesthesia, L. L. C. Retirement PlanMountin West Anesthesia, L. …$79M
End-of-year total assets ($M) among Independent Bank Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$95M
Net Assets (End of Year)$79M
Net Income-$16M
Employer EIN382032782
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Independent Bank Corporation)

Sponsor-wide plan assets over time

All Independent Bank Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$117M 26.80131233896023% vs 2022
2024 filing year
$80M$90M$100M$110M$120M 202220232024 $92.1M $117M ▲ +26.8%
Year Plans Participants Total Assets
2022 2 1,768 $92M
2023 2 1,734 $104M
2024 2 1,590 $117M

Nearby 401(k) Plans in Michigan

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

Independent Bank Corporation 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Independent Bank Corporation 401(k) Plan, Total assets ($B): 0.078703571 · Participants: 979Independent Bank Corporation 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Independent Bank Corporation 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Independent Bank Corporation 401(k) Plan side-by-side with 3 peers →

Independent Bank Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Kentucky Farm Bureau Mutual Insurance Company 401(k) Plan in KY ($79M); by covered participants it is Homestreet, Inc 401(k) Savings Plan in WA (979 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (979 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 Bank Corporation 401(k) Plan assets move in 2022? ▼
Independent Bank Corporation 401(k) Plan declined sharply - down 16.9% during 2022, from $95M to $79M. Reported net income was -$16M.
How have Independent Bank Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Independent Bank Corporation's sponsor-wide assets grew 26.8%, from $92M to $117M.
Where does Independent Bank Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Independent Bank Corporation 401(k) Plan ranks in the 91st 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 Bank Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Kentucky Farm Bureau Mutual Insurance Company 401(k) Plan in KY ($79M, 625 participants).
Which 401(k) plans cover a similar participant headcount to Independent Bank Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Homestreet, Inc 401(k) Savings Plan in WA (979 participants, $151M 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 382032782.

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.