Defined Benefit (Pension) · DOL Form 5500 · 2022
Bank Independent Pension Plan
Data updated 2026-08-11
- $35M
- Total assets
- 497
- Participants
- 85th
- Percentile by assets
- $70,455
- Avg per participant
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.
- 85th percentile by assets (of 139,126 plans)
- #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.
- $35M
- total plan assets (2022 EOY)
- 497
- covered participants
- 85th
- percentile by assets (of 139,126 plans)
- $70,455
- avg assets per participant
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.
Where Bank Independent Pension Plan sits 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
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 vs the 2022 asset distribution
By assets, Bank Independent Pension Plan outranks 85% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $36M |
|---|---|
| Net Assets (End of Year) | $35M |
| Net Income | -$1M |
| Employer EIN | 630260951 |
| Plan Effective Date | 1989-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bank Independent)
| 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.
- Regions Financial Corporation Retirement Plan $1.2B · 309
- Regions Financial Corporation Retirement Plan for Associates $700M · 2,672
- Blue Cross and Blue Shield of Alabama Retirement Plan $655M · 2,154
- Vulcan Materials Company Pension Plan $503M · 879
- American Cast Iron Pipe Company Pension Plan $432M · 869
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Bank Independent Pension Plan by total assets, not by location.
Frequently Asked Questions
How did Bank Independent Pension Plan assets move in 2022? ▼
How have Bank Independent plan assets changed over time? ▼
Where does Bank Independent Pension Plan rank by assets among Form 5500 filers? ▼
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Next read for Bank Independent Pension Plan
Scale reading
Ways to act on Bank Independent Pension Plan's numbers.
- By total assets, Bank Independent Pension Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Alabama. Compare plans
- Bank Independent's sponsor-wide assets have grown 19.4% since 2022 across 3 plan years on file. More Finance & Insurance plans