401(k) · DOL Form 5500 · 2023
Independence Bancshares, Inc. 401(k) Plan
Data updated 2026-08-25
- $83M
- Total assets Below avg plan size
- 470
- Participants Below avg headcount
- 90th
- Percentile by assets National rank
- $176,136
- Avg per participant Above avg balance/head
Official DOL plan name: Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) · Sponsored by Independence Bancshares, Inc. · Kentucky · Finance & Insurance
$83M in assets, 470 participants
Independence Bancshares, Inc.'s Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) reported $83M in total assets and 470 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.
- #7,497 in Finance & Insurance (8,869 peers)
Where Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) sits by assets
Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) sits in the top 10% of all filed plans by assets, $83M for 470 participants (~$176,136/participant), down 5.4% in 2023.
- #7,497
- in Finance & Insurance (8,869 peers)
- -5.4%
- assets change YoY
- 0.8×
- vs typical plan assets (national mean)
The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions)'s outsized position by total assets
Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$82,783,822 Top 10% higher than 90% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) 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 Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) sits mid-pack in the medium band (470 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) reported net income fell from -$6M in the plan year 2022 filing to -$7M in the plan year 2023 filing.
- Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) reported participants rose from 431 in the plan year 2022 filing to 470 in the plan year 2023 filing.
- Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) end-of-year assets fell from $88M in the plan year 2022 filing to $83M in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 610955447 · Independence Bancshares, Inc. PY 2023 · 401(k)
Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) · $83M · 470 · 90th
- BOY $83M
- SCH 470
- EBSA 90th
- PART 401(k)
- TYPE near Formica Corporation 401(k) Retirement Savings Plan
- NET ind #7497
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 Kentucky →
Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $88M |
|---|---|
| Net Assets (End of Year) | $80M |
| Net Income | -$7M |
| Employer EIN | 610955447 |
| Plan Effective Date | 1995-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Independence Bancshares, Inc.)
Sponsor-wide plan assets over time
All Independence Bancshares, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $87M 0.5449441915494998% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 431 | $88M |
| 2023 | 1 | 470 | $83M |
| 2024 | 1 | 435 | $87M |
Nearby 401(k) Plans in Kentucky
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Commonspirit Health 401(k) Retirement Savings Plan $7.9B · 86,688
- Humana Retirement Savings Plan $7.4B · 45,938
- UPS/Ipa 401(k) Savings Plan $1.3B · 3,159
- Scionhealth 401(k) Plan $1.2B · 33,226
- Lexmark Savings Plan $1.2B · 1,968
Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions)'s out-of-state 401(k) peers by assets and headcount
Outside Kentucky, the nearest 401(k) by assets is Formica Corporation 401(k) Retirement Savings Plan in OH ($83M); by covered participants it is Central Iowa Sheet Metal Workers Supplemental Retirement 401(k) Plan in IA (470 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($83M here).
Similar participant headcount
Nearest other-state filings by covered participants (470 participants); asset peers above are excluded.
- Central Iowa Sheet Metal Workers Supplemental Retirement 401(k) Plan (IA) 470 · 0 off
- Rallye Motor Company 401(k) Plan (NY) 470 · 0 off
- Tapani, Inc. Retirement Savings Plan (WA) 470 · 0 off
- Continental Express, Inc. 401 (K) Plan (OH) 470 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.