ESOP · DOL Form 5500 · 2024

Independent Bancshares, Inc. ESOP

Data updated 2026-08-25

$9M
Total assets Small plan by assets
35
Participants Small participant base
52nd
Percentile by assets National rank
$243,029
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Independent Bancshares, Inc. Employee Stock Ownership Plan · Sponsored by Independent Bancshares, Inc. · Alabama · Management of Enterprises

$9M in assets, 35 participants

Independent Bancshares, Inc.'s Independent Bancshares, Inc. Employee Stock Ownership Plan reported $9M in total assets and 35 participants in its 2024 DOL Form 5500 filing, ranking in the 52nd 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.

  • #419 in Management of Enterprises (1,133 peers)

What the 2024 filing shows

Independent Bancshares, Inc. Employee Stock Ownership Plan holds $9M for 35 participants - about $243,029 per participant, above the median plan by assets.

#419
in Management of Enterprises (1,133 peers)
+3.5%
assets growth YoY

Independent Bancshares, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Management of Enterprises and all filers

Independent Bancshares, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$8,506,018 Top 48% higher than 52% of 123,620 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 2024

Independent Bancshares, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Independent Bancshares, Inc. Employee Stock Ownership Plan is a small filing (35 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Independent Bancshares, Inc. Employee Stock Ownership Plan reported net income rose from -$201K in the plan year 2023 filing to $284K in the plan year 2024 filing.
  • Independent Bancshares, Inc. Employee Stock Ownership Plan reported participants rose from 28 in the plan year 2023 filing to 35 in the plan year 2024 filing.
  • Independent Bancshares, Inc. Employee Stock Ownership Plan end-of-year assets rose from $8M in the plan year 2023 filing to $9M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 630828070 · Independent Bancshares, Inc. PY 2024 · ESOP

Independent Bancshares, Inc. Employee Stock Ownership Plan · $9M · 35 · 52nd

  • BOOK $9M
  • BOOK 35
  • BOOK 52nd
  • BOOK ESOP
  • BOOK near The Halcyon Construction Corporation Employee Stock Ownership Plan
  • BOOK ind #419

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 What is an ESOP? → · Plans in Alabama →

Independent Bancshares, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Rock West Employee Stock Ownership PlanRock West Employee Stock Own…$9MIndependent Bancshares, Inc. Employee Stock Ownership PlanIndependent Bancshares, Inc.…$9MThe Halcyon Construction Corporation Employee Stock Ownership PlanThe Halcyon Construction Cor…$9MSchimenti Construction Employee Stock Ownership PlanSchimenti Construction Emplo…$9MCharter Construction, Inc. Employee Stock Ownership PlanCharter Construction, Inc. E…$9M
End-of-year total assets ($M) among Independent Bancshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$9M
Net Income$284K
Employer EIN630828070
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Independent Bancshares, Inc.)

Sponsor-wide plan assets over time

All Independent Bancshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 0.9893755982355272% vs 2022
2024 filing year
$8.1M$8.2M$8.3M$8.4M$8.5M$8.6M 202220232024 $8.42M $8.51M ▲ +1.1%
Year Plans Participants Total Assets
2022 1 35 $8M
2023 1 28 $8M
2024 1 35 $9M

Nearby ESOP Plans in Alabama

Peer ESOP plans, same state, same plan type, ranked by total assets.

Independent Bancshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -2000200400600 Total assets ($M) Participants Independent Bancshares, Inc. Employee Stock Ownership Plan, Total assets ($M): 8.506018 · Participants: 35Independent Bancshares, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 515.369863 · Participants: 1644Starfish Holdings, Inc. Employee Stock Ownership PlanInline Electric Employee Stock Ownership Plan, Total assets ($M): 242.741411 · Participants: 298Inline Electric Employee Stock Ownership PlanSignature Homes Employee Stock Ownership Plan, Total assets ($M): 224.790459 · Participants: 125Signature Homes Employee Stock Ownership PlanRadiance Technologies, Inc. Employee Stock Ownership Plan, Total assets ($M): 194.917315 · Participants: 1041Radiance Technologies, Inc. Employee Stock Ownership PlanEmployee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Subsidiaries, Total assets ($M): 181.843353 · Participants: 958Employee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Subsidiaries
Independent Bancshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants
Compare Independent Bancshares, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Independent Bancshares, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Alabama, the nearest ESOP by assets is The Halcyon Construction Corporation Employee Stock Ownership Plan in NY ($9M); by covered participants it is Micro Craft ESOP in TN (35 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (35 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Independent Bancshares, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Independent Bancshares, Inc. Employee Stock Ownership Plan edged up modestly - up 3.5% during 2024, from $8M to $9M. Reported net income was $284K.
How have Independent Bancshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Independent Bancshares, Inc.'s sponsor-wide assets grew 1.0%, from $8M to $9M.
Which ESOP plans are similar in size to Independent Bancshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Halcyon Construction Corporation Employee Stock Ownership Plan in NY ($9M, 19 participants).
Which ESOP plans cover a similar participant headcount to Independent Bancshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Micro Craft ESOP in TN (35 participants, $108 in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 630828070.

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.