Defined Benefit (Pension) · DOL Form 5500 · 2022

Bank Independent Pension Plan

Data updated 2026-08-25

$35M
Total assets Below avg plan size
497
Participants Below avg headcount
85th
Percentile by assets National rank
$70,455
Avg per participant Below avg balance/head
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Official DOL plan name: Bank Independent Pension Plan · Sponsored by Bank Independent · Alabama · Finance & Insurance

$35M in assets, 497 participants

Bank Independent's Bank Independent Pension Plan reported $35M in total assets and 497 participants in its 2022 DOL Form 5500 filing, ranking in the 85th 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.

  • #6,960 in Finance & Insurance (9,261 peers)

Where Bank Independent Pension Plan sits by assets

Bank Independent Pension Plan sits in the top quartile of all filed plans by assets, $35M for 497 participants (~$70,455/participant), down 3.2% in 2022.

#6,960
in Finance & Insurance (9,261 peers)
-3.2%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Bank Independent Pension Plan's outsized position by total assets

Bank Independent Pension Plan vs every filed plan by assets

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

$35,016,142 Top 15% higher than 85% 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

Bank Independent Pension 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. Bank Independent Pension Plan sits mid-pack in the medium band (497 participants).

DOL schedule card

Filing strip 630260951 · Bank Independent PY 2022 · Defined Benefit (Pension)

Bank Independent Pension Plan · $35M · 497 · 85th

  • PART $35M
  • TYPE 497
  • NET 85th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Americold Retirement Income Plan
  • BOY ind #6960

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 Alabama →

Bank Independent Pension Plan in the asset neighbourhood

Pinkerton Tobacco Hourly Employees Retirement PlanPinkerton Tobacco Hourly Emp…$35MWashington-Idaho Cement Masons Employers Retirement Trust FundWashington-Idaho Cement Maso…$35MBank Independent Pension Plan$35MAmericold Retirement Income PlanAmericold Retirement Income …$35MVorys, Sater, Seymour and Pease LLP Cash Balance Pension PlanVorys, Sater, Seymour and Pe…$35M
End-of-year total assets ($M) among Bank Independent Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$35M
Net Income-$1M
Employer EIN630260951
Plan Effective Date1989-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank Independent)

Sponsor-wide plan assets over time

All Bank Independent plans reported in each filing year

Latest sponsor-wide plan assets
$83M 19.386290748426475% vs 2022
2024 filing year
$65M$70M$75M$80M$85M 202220232024 $69.7M $83.2M ▲ +19.4%
Year Plans Participants Total Assets
2022 3 1,507 $70M
2023 3 1,546 $77M
2024 3 1,670 $83M

Nearby Defined Benefit (Pension) Plans in Alabama

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Bank Independent Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants Scatter plot of 6 data points. 0100020003000 -0.500.511.5 Total assets ($B) Participants Bank Independent Pension Plan, Total assets ($B): 0.035016142 · Participants: 497Bank Independent Pension PlanRegions Financial Corporation Retirement Plan, Total assets ($B): 1.234102296 · Participants: 309Regions Financial Corporation Retirement PlanRegions Financial Corporation Retirement Plan for Associates, Total assets ($B): 0.700189014 · Participants: 2672Regions Financial Corporation Retirement Plan for AssociatesBlue Cross and Blue Shield of Alabama Retirement Plan, Total assets ($B): 0.655441132 · Participants: 2154Blue Cross and Blue Shield of Alabama Retirement PlanVulcan Materials Company Pension Plan, Total assets ($B): 0.502591014 · Participants: 879Vulcan Materials Company Pension PlanAmerican Cast Iron Pipe Company Pension Plan, Total assets ($B): 0.432303132 · Participants: 869American Cast Iron Pipe Company Pension Plan
Bank Independent Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants
Compare Bank Independent Pension Plan side-by-side with 3 peers →

Bank Independent Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Alabama, the nearest Defined Benefit (Pension) by assets is Americold Retirement Income Plan in GA ($35M); by covered participants it is Premcor Pension Plan for Certain Union Employees in TX (497 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (497 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 Bank Independent Pension Plan assets move in 2022? ▼
Bank Independent Pension Plan edged down modestly - down 3.2% during 2022, from $36M to $35M. Reported net income was -$1M.
How have Bank Independent plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank Independent's sponsor-wide assets grew 19.4%, from $70M to $83M.
Where does Bank Independent Pension Plan rank by assets among Form 5500 filers? ▼
Bank Independent Pension Plan ranks in the 85th 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 Defined Benefit (Pension) plans are similar in size to Bank Independent Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Americold Retirement Income Plan in GA ($35M, 436 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Bank Independent Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Premcor Pension Plan for Certain Union Employees in TX (497 participants, $31M 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 630260951.

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.