ESOP · DOL Form 5500 · 2022
Bank Independent ESOP
Data updated 2026-08-25
- $2M
- Total assets Small plan by assets
- 512
- Participants Below avg headcount
- 32nd
- Percentile by assets National rank
- $3,462
- Avg per participant Low balance/head
Official DOL plan name: Bank Independent Stock Bonus Plan · Sponsored by Bank Independent · Alabama · Finance & Insurance
$2M in assets, 512 participants
Bank Independent's Bank Independent Stock Bonus Plan reported $2M in total assets and 512 participants in its 2022 DOL Form 5500 filing, ranking in the 32nd 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.
- #1,994 in Finance & Insurance (9,261 peers)
Bank Independent multi-year trail
Bank Independent's plans moved +19.4% in assets from 2022 to 2024; this filing shows Bank Independent Stock Bonus Plan at $2M / 512 participants.
- #1,994
- in Finance & Insurance (9,261 peers)
- +15.8%
- assets growth YoY
Bank Independent Stock Bonus Plan among the smaller filed plans by assets
Bank Independent Stock Bonus Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,772,549 32nd percentile higher than 32% 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 Stock Bonus 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 Stock Bonus Plan sits mid-pack in the medium band (512 participants).
EBSA filing schedule strip
Filing strip 630260951 · Bank Independent PY 2022 · ESOP
Bank Independent Stock Bonus Plan · $2M · 512 · 32nd
- VS-ST $2M
- BOY 512
- SCH 32nd
- EBSA ESOP
- PART near Lincoln Contractors Supply, Inc. Employee Stock Ownership Plan
- TYPE ind #1994
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 What is an ESOP? → · Plans in Alabama →
Bank Independent Stock Bonus Plan in the asset neighbourhood
Bank Independent multi-year asset trail
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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 1,507 | $70M |
| 2023 | 3 | 1,546 | $77M |
| 2024 | 3 | 1,670 | $83M |
Bank Independent filing trail (2022)
| Total Assets (Beginning of Year) | $2M |
|---|---|
| Net Assets (End of Year) | $2M |
| Net Income | $242K |
| Employer EIN | 630260951 |
| Plan Effective Date | 1976-01-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in Alabama
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Starfish Holdings, Inc. Employee Stock Ownership Plan $389M · 1,314
- Starfish Holdings, Inc. Employee Stock Ownership Plan $389M · 1,314
- Inline Electric Employee Stock Ownership Plan $164M · 231
- Signature Homes Employee Stock Ownership Plan $126M · 130
- Radiance Technologies, Inc. Employee Stock Ownership Plan $120M · 853
Bank Independent Stock Bonus Plan's out-of-state ESOP peers by assets and headcount
Outside Alabama, the nearest ESOP by assets is Lincoln Contractors Supply, Inc. Employee Stock Ownership Plan in WI ($2M); by covered participants it is Churchill Holdings, Inc. Employee Stock Ownership Plan in TN (512 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2M here).
Similar participant headcount
Nearest other-state filings by covered participants (512 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.