Defined Benefit (Pension) · DOL Form 5500 · 2023

Bank Independent Pension Plan

Data updated 2026-08-25

$35M
Total assets Below avg plan size
511
Participants Below avg headcount
81st
Percentile by assets National rank
$68,687
Avg per participant Below avg balance/head
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Official DOL plan name: Bank Independent Pension Plan · Sponsored by Bank Independent · Alabama · Finance & Insurance

$35M in assets, 511 participants

Bank Independent's Bank Independent Pension Plan reported $35M in total assets and 511 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,346 in Finance & Insurance (8,869 peers)

Where Bank Independent Pension Plan sits by assets

Bank Independent Pension Plan sits in the top quartile of all filed plans by assets, $35M for 511 participants (~$68,687/participant), up 0.2% in 2023.

#6,346
in Finance & Insurance (8,869 peers)
+0.2%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Bank Independent Pension Plan's outsized position by total assets

Bank Independent Pension Plan vs every filed plan by assets

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

$35,099,089 Top 19% higher than 81% 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

Bank Independent Pension Plan 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. Bank Independent Pension Plan sits mid-pack in the medium band (511 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bank Independent Pension Plan reported net income rose from -$1M in the plan year 2022 filing to $83K in the plan year 2023 filing.
  • Bank Independent Pension Plan reported participants rose from 497 in the plan year 2022 filing to 511 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 630260951 · Bank Independent PY 2023 · Defined Benefit (Pension)

Bank Independent Pension Plan · $35M · 511 · 81st

  • VS-ST $35M
  • BOY 511
  • SCH 81st
  • EBSA Defined Benefit (Pension)
  • PART near Casio America, Inc. Retirement Plan
  • TYPE ind #6346

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 Pension Plan in the asset neighbourhood

Gardner Denver, Inc Pension PlanGardner Denver, Inc Pension …$35MRetirement Plan a for Employees of United Sugar Producers and Refiners CooperativeRetirement Plan a for Employ…$35MBank Independent Pension Plan$35MCasio America, Inc. Retirement PlanCasio America, Inc. Retireme…$35MDallas Theological Seminary Pension PlanDallas Theological Seminary …$35M
End-of-year total assets ($M) among Bank Independent Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$35M
Net Assets (End of Year)$35M
Net Income$83K
Employer EIN630260951
Plan Effective Date1989-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank Independent)

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
$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 Defined Benefit (Pension) Plans in Alabama

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Bank Independent Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants Scatter plot of 6 data points. 050010001500200025003000 -0.500.511.5 Total assets ($B) Participants Bank Independent Pension Plan, Total assets ($B): 0.035099089 · Participants: 511Bank Independent Pension PlanRegions Financial Corporation Retirement Plan, Total assets ($B): 1.23300032 · Participants: 292Regions Financial Corporation Retirement PlanBlue Cross and Blue Shield of Alabama Retirement Plan, Total assets ($B): 0.737313284 · Participants: 2014Blue Cross and Blue Shield of Alabama Retirement PlanRegions Financial Corporation Retirement Plan for Associates, Total assets ($B): 0.716301272 · Participants: 2395Regions Financial Corporation Retirement Plan for AssociatesVulcan Materials Company Pension Plan, Total assets ($B): 0.507585545 · Participants: 776Vulcan Materials Company Pension PlanAmerican Cast Iron Pipe Company Pension Plan, Total assets ($B): 0.440237888 · Participants: 832American Cast Iron Pipe Company Pension Plan
Bank Independent Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants
Compare Bank Independent Pension Plan side-by-side with 3 peers →

Bank Independent Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Alabama, the nearest Defined Benefit (Pension) by assets is Casio America, Inc. Retirement Plan in NJ ($35M); by covered participants it is Texas United Corporation Pension Plan in TX (511 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (511 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 Bank Independent Pension Plan assets move in 2023? ▼
Bank Independent Pension Plan held essentially flat - up 0.2% during 2023, from $35M to $35M. Reported net income was $83K.
How have Bank Independent plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank Independent's sponsor-wide assets grew 19.4%, from $70M to $83M.
Where does Bank Independent Pension Plan rank by assets among Form 5500 filers? ▼
Bank Independent Pension Plan ranks in the 81st 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 Defined Benefit (Pension) plans are similar in size to Bank Independent Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Casio America, Inc. Retirement Plan in NJ ($35M, 42 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Bank Independent Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Texas United Corporation Pension Plan in TX (511 participants, $136M 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 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.