401(k) · DOL Form 5500 · 2022

Bank Independent Inc 401(k) Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
498
Participants Below avg headcount
84th
Percentile by assets National rank
$66,102
Avg per participant Below avg balance/head
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Official DOL plan name: Bank Independent 401(k) Profit Sharing Plan · Sponsored by Bank Independent Inc · Alabama · Finance & Insurance

$33M in assets, 498 participants

Bank Independent Inc's Bank Independent 401(k) Profit Sharing Plan reported $33M in total assets and 498 participants in its 2022 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,850 in Finance & Insurance (9,261 peers)

Where Bank Independent 401(k) Profit Sharing Plan sits by assets

Bank Independent 401(k) Profit Sharing Plan sits in the top quartile of all filed plans by assets, $33M for 498 participants (~$66,102/participant), down 14.9% in 2022.

#6,850
in Finance & Insurance (9,261 peers)
-14.9%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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

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

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

$32,918,878 Top 16% higher than 84% 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 401(k) Profit Sharing 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 401(k) Profit Sharing Plan sits mid-pack in the medium band (498 participants).

Form 5500 schedule snapshot

Filing strip 630260951 · Bank Independent Inc PY 2022 · 401(k)

Bank Independent 401(k) Profit Sharing Plan · $33M · 498 · 84th

  • 5500 $33M
  • ASSETS 498
  • PCT 84th
  • EIN 401(k)
  • RANK near Northern Improvement Company 401(k) Plan
  • PHOTO ind #6850

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 401(k) Profit Sharing Plan in the asset neighbourhood

Day Automation Systems, Inc. 401(k) PlanDay Automation Systems, Inc.…$33MBank Independent 401(k) Profit Sharing PlanBank Independent 401(k) Prof…$33MNorthern Improvement Company 401(k) PlanNorthern Improvement Company…$33MPrinceton Consultants, Inc. 401(k) PlanPrinceton Consultants, Inc. …$33MAlita Care & Affiliates 401(k) PlanAlita Care & Affiliates 401(…$33M
End-of-year total assets ($M) among Bank Independent 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$33M
Net Income-$6M
Employer EIN630260951
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank Independent Inc)

Sponsor-wide plan assets over time

All Bank Independent Inc 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 401(k) Plans in Alabama

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

Bank Independent 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Bank Independent 401(k) Profit Sharing Plan, Total assets ($B): 0.032918878 · Participants: 498Bank Independent 401(k) Profit Sharing PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 2.473693723 · Participants: 20809Regions Financial Corporation 401(k) PlanEncompass Health Corporation Retirement Investment Plan, Total assets ($B): 1.247463658 · Participants: 26602Encompass Health Corporation Retirement Investment PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.211223713 · Participants: 4237Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.148537747 · Participants: 8489Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 0.930385246 · Participants: 4593Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Bank Independent 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Bank Independent 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Alabama, the nearest 401(k) by assets is Northern Improvement Company 401(k) Plan in ND ($33M); by covered participants it is Ehpv 401(k) Plan in NE (498 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($33M here).

Similar participant headcount

Nearest other-state filings by covered participants (498 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 401(k) Profit Sharing Plan assets move in 2022? ▼
Bank Independent 401(k) Profit Sharing Plan pulled back noticeably - down 14.9% during 2022, from $39M to $33M. Reported net income was -$6M.
How have Bank Independent Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank Independent Inc's sponsor-wide assets grew 19.4%, from $70M to $83M.
Where does Bank Independent 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Bank Independent 401(k) Profit Sharing Plan ranks in the 84th 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 Bank Independent 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Northern Improvement Company 401(k) Plan in ND ($33M, 274 participants).
Which 401(k) plans cover a similar participant headcount to Bank Independent 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ehpv 401(k) Plan in NE (498 participants, $5M 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.