401(k) · DOL Form 5500 · 2023

Independent Bank 401(k) Plan

Data updated 2026-08-25

$118M
Total assets Near avg plan size
1,451
Participants Near avg headcount
92nd
Percentile by assets National rank
$81,471
Avg per participant Below avg balance/head
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Official DOL plan name: Independent Financial 401(k) Profit Sharing Plan · Sponsored by Independent Bank · Texas · Finance & Insurance

$118M in assets, 1,451 participants

Independent Bank's Independent Financial 401(k) Profit Sharing Plan reported $118M in total assets and 1,451 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

  • #7,815 in Finance & Insurance (8,869 peers)

Coverage in Texas

Independent Financial 401(k) Profit Sharing Plan covers 1,451 participants in Texas, 2.1x the typical Texas plan (state average ~688 per filing). Assets: $118M.

#7,815
in Finance & Insurance (8,869 peers)
+12.3%
assets growth YoY
1.2×
vs typical plan assets (national mean)

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

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

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

$118,215,103 Top 8% higher than 92% 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 Financial 401(k) Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Independent Financial 401(k) Profit Sharing Plan lands in the large band (1,451 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Independent Financial 401(k) Profit Sharing Plan reported net income rose from -$13M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Independent Financial 401(k) Profit Sharing Plan end-of-year assets rose from $105M in the plan year 2022 filing to $118M in the plan year 2023 filing.
  • Independent Financial 401(k) Profit Sharing Plan reported participants fell from 1,508 in the plan year 2022 filing to 1,451 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 752694563 · Independent Bank PY 2023 · 401(k)

Independent Financial 401(k) Profit Sharing Plan · $118M · 1,451 · 92nd

  • EBSA $118M
  • EBSA 1,451
  • EBSA 92nd
  • EBSA 401(k)
  • EBSA near Retirement Savings Plan for Employees of Seacoast National Bank
  • EBSA ind #7815

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 Texas →

Independent Financial 401(k) Profit Sharing Plan in the asset neighbourhood

Western National Salary Accumulation ProgramWestern National Salary Accu…$118MArkema Inc. Retirement Savings (401(k)) Plan for Collectively Bargained EmployeesArkema Inc. Retirement Savin…$118MIndependent Financial 401(k) Profit Sharing PlanIndependent Financial 401(k)…$118MRetirement Savings Plan for Employees of Seacoast National BankRetirement Savings Plan for …$118MMidwest Veterinary Partners 401(k) PlanMidwest Veterinary Partners …$118M
End-of-year total assets ($M) among Independent Financial 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Texas filing particulars

Total Assets (Beginning of Year)$105M
Net Assets (End of Year)$118M
Net Income$13M
Employer EIN752694563
Plan Effective Date1994-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Independent Bank)

Sponsor-wide plan assets over time

All Independent Bank plans reported in each filing year

Latest sponsor-wide plan assets
$143M 35.76952829135449% vs 2022
2024 filing year
$100M$120M$140M$160M 202220232024 $105M $143M ▲ +35.8%
Year Plans Participants Total Assets
2022 1 1,508 $105M
2023 1 1,451 $118M
2024 1 1,443 $143M

Nearby 401(k) Plans in Texas

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

Independent Financial 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Independent Financial 401(k) Profit Sharing Plan, Total assets ($B): 0.118215103 · Participants: 1451Independent Financial 401(k) Profit Sharing PlanAT&T Retirement Savings Plan, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell Inc. 401(k) Plan
Independent Financial 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Independent Financial 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Texas, the nearest 401(k) by assets is Retirement Savings Plan for Employees of Seacoast National Bank in FL ($118M); by covered participants it is Harkins Administrative Services, Inc. 401(k) Profit Sharing Plan in AZ (1,451 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,451 participants); asset peers above are excluded.

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 Financial 401(k) Profit Sharing Plan assets move in 2023? ▼
Independent Financial 401(k) Profit Sharing Plan grew at a solid clip - up 12.3% during 2023, from $105M to $118M. Reported net income was $13M.
How have Independent Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Independent Bank's sponsor-wide assets grew 35.8%, from $105M to $143M.
Where does Independent Financial 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Independent Financial 401(k) Profit Sharing Plan ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Independent Financial 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Retirement Savings Plan for Employees of Seacoast National Bank in FL ($118M, 1,433 participants).
Which 401(k) plans cover a similar participant headcount to Independent Financial 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Harkins Administrative Services, Inc. 401(k) Profit Sharing Plan in AZ (1,451 participants, $44M 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 752694563.

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.