INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS)

Reviewed byPlainRetire Editorial, Retirement Plans Editorial Team · June 8, 2026

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

INDEPENDENCE BANCSHARES, INC.

This 401(k) plan holds $87M in total assets and serves 435 participants as of 2024. It is sponsored by INDEPENDENCE BANCSHARES, INC. in Kentucky. The plan reported positive net income of $1M for the year.

Total Assets (2023)

$87M

Participants

435

State

Kentucky

Industry

Finance & Insurance

What the Filing Says About INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS)

INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS) is a 401(k) retirement plan sponsored by INDEPENDENCE BANCSHARES, INC., headquartered in Kentucky. As of the 2024 Form 5500 filing, the plan reports $87M in total end-of-year assets and covers 435 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 610955447, and the plan has been effective since 1995-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $83M at the beginning of 2024 to $87M at year-end — a gain of 5.1%. Net assets (after liabilities) closed the year at $82M, with reported net income of $1M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)	$83M
Total Assets (End of Year)	$87M
Net Assets (End of Year)	$82M
Net Income	$1M
Plan Type	401(k)
Employer EIN	610955447
Plan Effective Date	1995-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (INDEPENDENCE BANCSHARES, INC.)

Year	Plans	Participants	Total Assets
2022	1	431	$88M
2023	1	470	$83M
2024	1	435	$87M

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Frequently Asked Questions

How much money is in the INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS)? ▼

As of the 2024 Form 5500 filing, INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS) holds $87M in total assets with 435 participants. It is sponsored by INDEPENDENCE BANCSHARES, INC..

What type of plan is INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS)? ▼

INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS) is a 401(k) plan. It has been effective since 1995-01-01. The plan is filed with the U.S. Department of Labor under EIN 610955447.

Who sponsors the INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS)? ▼

INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS) is sponsored by INDEPENDENCE BANCSHARES, INC., located in Kentucky. The sponsor's EIN is 610955447 and the plan operates in the Finance & Insurance industry.

How did INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS) perform in 2024? ▼

INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS) grew by 5.1% during 2024, moving from $83M to $87M in total assets. Net income was $1M.

Where can I find official filings for INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS)? ▼

Official Form 5500 filings for INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS) are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 610955447 or plan name at efast.dol.gov.

How does INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS) compare to other plans? ▼

You can compare INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS) against other 401(k) plans on the plan type page, or view plans in Kentucky on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.