ESOP · DOL Form 5500 · 2023

Independent Bancshares, Inc. ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
28
Participants Small participant base
54th
Percentile by assets National rank
$293,633
Avg per participant High balance/head
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Official DOL plan name: Independent Bancshares, Inc. Employee Stock Ownership Plan · Sponsored by Independent Bancshares, Inc. · Alabama · Management of Enterprises

$8M in assets, 28 participants

Independent Bancshares, Inc.'s Independent Bancshares, Inc. Employee Stock Ownership Plan reported $8M in total assets and 28 participants in its 2023 DOL Form 5500 filing, ranking in the 54th 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.

  • #394 in Management of Enterprises (1,137 peers)

What the 2023 filing shows

Independent Bancshares, Inc. Employee Stock Ownership Plan holds $8M for 28 participants - about $293,633 per participant, above the median plan by assets.

#394
in Management of Enterprises (1,137 peers)
-2.4%
assets change YoY

The plan reported a net loss of $201K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Independent Bancshares, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Management of Enterprises and all filers

Independent Bancshares, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$8,221,718 Top 46% higher than 54% of 127,068 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 2023

Independent Bancshares, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Independent Bancshares, Inc. Employee Stock Ownership Plan is a small filing (28 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Independent Bancshares, Inc. Employee Stock Ownership Plan reported net income fell from $159K in the plan year 2022 filing to -$201K in the plan year 2023 filing.
  • Independent Bancshares, Inc. Employee Stock Ownership Plan reported participants fell from 35 in the plan year 2022 filing to 28 in the plan year 2023 filing.
  • Independent Bancshares, Inc. Employee Stock Ownership Plan end-of-year assets fell from $8M in the plan year 2022 filing to $8M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 630828070 · Independent Bancshares, Inc. PY 2023 · ESOP

Independent Bancshares, Inc. Employee Stock Ownership Plan · $8M · 28 · 54th

  • SCH $8M
  • EBSA 28
  • PART 54th
  • TYPE ESOP
  • NET near E.M.B. Corporation Employee Stock Ownership Plan
  • BOOK ind #394

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 →

Independent Bancshares, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Lithotype Employee Stock Ownership PlanLithotype Employee Stock Own…$8MIndependent Bancshares, Inc. Employee Stock Ownership PlanIndependent Bancshares, Inc.…$8ME.M.B. Corporation Employee Stock Ownership PlanE.M.B. Corporation Employee …$8MGate Energy, Inc. Employee Stock Ownership PlanGate Energy, Inc. Employee S…$8MDavies Office Refurbishing, Inc. Employee Stock Ownership PlanDavies Office Refurbishing, …$8M
End-of-year total assets ($M) among Independent Bancshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income-$201K
Employer EIN630828070
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Independent Bancshares, Inc.)

Sponsor-wide plan assets over time

All Independent Bancshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 0.9893755982355272% vs 2022
2024 filing year
$8.1M$8.2M$8.3M$8.4M$8.5M$8.6M 202220232024 $8.42M $8.51M ▲ +1.1%
Year Plans Participants Total Assets
2022 1 35 $8M
2023 1 28 $8M
2024 1 35 $9M

Nearby ESOP Plans in Alabama

Peer ESOP plans, same state, same plan type, ranked by total assets.

Independent Bancshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants Scatter plot of 6 data points. -500050010001500 -2000200400600 Total assets ($M) Participants Independent Bancshares, Inc. Employee Stock Ownership Plan, Total assets ($M): 8.221718 · Participants: 28Independent Bancshares, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 470.48798 · Participants: 1360Starfish Holdings, Inc. Employee Stock Ownership PlanInline Electric Employee Stock Ownership Plan, Total assets ($M): 196.496733 · Participants: 287Inline Electric Employee Stock Ownership PlanRadiance Technologies, Inc. Employee Stock Ownership Plan, Total assets ($M): 168.105591 · Participants: 874Radiance Technologies, Inc. Employee Stock Ownership PlanSignature Homes Employee Stock Ownership Plan, Total assets ($M): 167.814551 · Participants: 123Signature Homes Employee Stock Ownership PlanEmployee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Sub, Total assets ($M): 126.850762 · Participants: 909Employee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Sub
Independent Bancshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants
Compare Independent Bancshares, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Independent Bancshares, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Alabama, the nearest ESOP by assets is E.M.B. Corporation Employee Stock Ownership Plan in KY ($8M); by covered participants it is Electro-Sensors, Inc. Employee Stock Ownership Plan and Trust in MN (28 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Independent Bancshares, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Independent Bancshares, Inc. Employee Stock Ownership Plan edged down modestly - down 2.4% during 2023, from $8M to $8M. Reported net income was -$201K.
How have Independent Bancshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Independent Bancshares, Inc.'s sponsor-wide assets grew 1.0%, from $8M to $9M.
Which ESOP plans are similar in size to Independent Bancshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is E.M.B. Corporation Employee Stock Ownership Plan in KY ($8M, 54 participants).
Which ESOP plans cover a similar participant headcount to Independent Bancshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Electro-Sensors, Inc. Employee Stock Ownership Plan and Trust in MN (28 participants, $443K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 630828070.

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.