401(k) · DOL Form 5500 · 2024
Independent Bank 401(k) Plan
Data updated 2026-08-11
- $143M
- Total assets
- 1,443
- Participants
- 93rd
- Percentile by assets
- $99,076
- Avg per participant
Official DOL plan name: Independent Financial 401(k) Profit Sharing Plan · Sponsored by Independent Bank · Texas · Finance & Insurance
$143M in assets, 1,443 participants
Independent Bank's Independent Financial 401(k) Profit Sharing Plan reported $143M in total assets and 1,443 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.
- 93rd percentile by assets (of 123,622 plans)
- #7,556 in Finance & Insurance (8,549 peers)
Coverage in Texas
Independent Financial 401(k) Profit Sharing Plan covers 1,443 participants in Texas, 2.1x the typical Texas plan (state average ~688 per filing). Assets: $143M.
- $143M
- total plan assets (2024 EOY)
- 1,443
- covered participants
- 93rd
- percentile by assets (of 123,622 plans)
- $99,076
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Independent Financial 401(k) Profit Sharing Plan reported net income rose from $13M in the plan year 2023 filing to $25M in the plan year 2024 filing.
- Independent Financial 401(k) Profit Sharing Plan end-of-year assets rose from $118M in the plan year 2023 filing to $143M in the plan year 2024 filing.
Participants vs Texas filers
In Texas, the average filing covers about 688 participants across 10,116 plans. Independent Financial 401(k) Profit Sharing Plan reports 1,443 participants - 2.1x that state average ($143M EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | $118M |
|---|---|
| Net Assets (End of Year) | $143M |
| Net Income | $25M |
| Employer EIN | 752694563 |
| Plan Effective Date | 1994-03-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Independent Bank)
| 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
- AT&T Retirement Savings Plan $43.1B · 109,889
- Exxonmobil Savings Plan $23.7B · 21,990
- Chevron Employee Savings Investment Plan $20.4B · 21,505
- Caterpillar 401(k) Savings Plan $18.8B · 43,873
- Southwest Airlines Co. Retirement Savings Plan $17.0B · 67,820
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Independent Financial 401(k) Profit Sharing Plan by total assets, not by location.
- Colorcon, Inc. 401(k) Savings Plan (PA) $143M · 582
- The Washington Trust Company 401(k) Plan (RI) $143M · 650
- America First Credit Union 401(k) Plan and Trust (UT) $143M · 3,054
- IBEW Local Union No. 9 and Line Clearance Contract 401(k) Retirement Fund (MI) $143M · 1,010
Frequently Asked Questions
How did Independent Financial 401(k) Profit Sharing Plan assets move in 2024? ▼
How have Independent Bank plan assets changed over time? ▼
Where does Independent Financial 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Independent Financial 401(k) Profit Sharing Plan? ▼
Next read for Independent Financial 401(k) Profit Shar…
Filing takeaways
Ways to act on Independent Financial 401(k) Profit Sharing Plan's numbers.
- By total assets, Independent Financial 401(k) Profit Sharing Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Texas. Compare plans
- Independent Bank's sponsor-wide assets have grown 35.8% since 2022 across 3 plan years on file. More Finance & Insurance plans