401(k) · DOL Form 5500 · 2023

Independence Bank 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
135
Participants Small participant base
79th
Percentile by assets National rank
$217,055
Avg per participant Above avg balance/head
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Official DOL plan name: Independence Bank 401(k) Profit Sharing Plan and Trust · Sponsored by Independence Bank · Montana · Finance & Insurance

$29M in assets, 135 participants

Independence Bank's Independence Bank 401(k) Profit Sharing Plan and Trust reported $29M in total assets and 135 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #5,997 in Finance & Insurance (8,869 peers)

Coverage in Montana

Independence Bank 401(k) Profit Sharing Plan and Trust covers 135 participants in Montana, about 50% of the average Montana filer (state average ~271 per filing). Assets: $29M.

#5,997
in Finance & Insurance (8,869 peers)
+11.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Independence Bank 401(k) Profit Sharing Plan and Trust's outsized position by total assets

Independence Bank 401(k) Profit Sharing Plan and Trust vs every filed plan by assets

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

$29,302,408 Top 21% higher than 79% 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

Independence Bank 401(k) Profit Sharing Plan and Trust among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Independence Bank 401(k) Profit Sharing Plan and Trust sits mid-pack in the medium band (135 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Independence Bank 401(k) Profit Sharing Plan and Trust reported net income rose from -$3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Independence Bank 401(k) Profit Sharing Plan and Trust reported participants rose from 117 in the plan year 2022 filing to 135 in the plan year 2023 filing.
  • Independence Bank 401(k) Profit Sharing Plan and Trust end-of-year assets rose from $26M in the plan year 2022 filing to $29M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 810331859 · Independence Bank PY 2023 · 401(k)

Independence Bank 401(k) Profit Sharing Plan and Trust · $29M · 135 · 79th

  • BOY $29M
  • SCH 135
  • EBSA 79th
  • PART 401(k)
  • TYPE near Rightworks, LLC 401(k) Plan
  • NET ind #5997

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 Montana →

Independence Bank 401(k) Profit Sharing Plan and Trust in the asset neighbourhood

Independence Bank 401(k) Profit Sharing Plan and TrustIndependence Bank 401(k) Pro…$29MRightworks, LLC 401(k) Plan$29MThe New Home Company 401(k) PlanThe New Home Company 401(k) …$29MLawrence Paper Co Employees 401(k) Profit Sharing Plan & TrustLawrence Paper Co Employees …$29MRetirement Savings Plan for Production Employees of Seaboard CorporationRetirement Savings Plan for …$29M
End-of-year total assets ($M) among Independence Bank 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Montana filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$29M
Net Income$3M
Employer EIN810331859
Plan Effective Date1976-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Independence Bank)

Sponsor-wide plan assets over time

All Independence Bank plans reported in each filing year

Latest sponsor-wide plan assets
$34M 31.389251525633593% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $26.2M $34.5M ▲ +31.4%
Year Plans Participants Total Assets
2022 1 117 $26M
2023 1 135 $29M
2024 1 141 $34M

Nearby 401(k) Plans in Montana

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

Independence Bank 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Montana, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 0200400600 Total assets ($M) Participants Independence Bank 401(k) Profit Sharing Plan and Trust, Total assets ($M): 29.302408 · Participants: 135Independence Bank 401(k) Profit Sharing Plan and TrustD.a. Davidson Companies Retirement Savings and Profit Sharing Plan, Total assets ($M): 543.142005 · Participants: 1580D.a. Davidson Companies Retirement Savings and Profit Sharing PlanGlacier Bancorp, Inc. Profit Sharing and 401(k) Plan, Total assets ($M): 484.798151 · Participants: 3264Glacier Bancorp, Inc. Profit Sharing and 401(k) PlanNorthwestern Energy 401(k) Retirement Savings Plan, Total assets ($M): 462.756735 · Participants: 1529Northwestern Energy 401(k) Retirement Savings PlanFirst Interstate Bancsystem, Inc. 401(k) Plan, Total assets ($M): 453.618257 · Participants: 3750First Interstate Bancsystem, Inc. 401(k) PlanLogan Health Retirement Savings Plan, Total assets ($M): 436.597451 · Participants: 4232Logan Health Retirement Savings Plan
Independence Bank 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Montana, assets vs. participants
Compare Independence Bank 401(k) Profit Sharing Plan and Trust side-by-side with 3 peers →

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

Outside Montana, the nearest 401(k) by assets is Rightworks, LLC 401(k) Plan in NH ($29M); by covered participants it is Seven Hills Ob-Gyn Associates, Inc. Profit Sharing Plan in NJ (135 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (135 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 Independence Bank 401(k) Profit Sharing Plan and Trust assets move in 2023? ▼
Independence Bank 401(k) Profit Sharing Plan and Trust grew at a solid clip - up 11.7% during 2023, from $26M to $29M. Reported net income was $3M.
How have Independence Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Independence Bank's sponsor-wide assets grew 31.4%, from $26M to $34M.
Where does Independence Bank 401(k) Profit Sharing Plan and Trust rank by assets among Form 5500 filers? ▼
Independence Bank 401(k) Profit Sharing Plan and Trust ranks in the 79th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Independence Bank 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Rightworks, LLC 401(k) Plan in NH ($29M, 509 participants).
Which 401(k) plans cover a similar participant headcount to Independence Bank 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Seven Hills Ob-Gyn Associates, Inc. Profit Sharing Plan in NJ (135 participants, N/A 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 810331859.

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.