401(k)
2024 plan-year 401(k) DOL Form 5500

IFB 401(K) PLAN

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

INTERNATIONAL FINANCE BANK

This 401(k) plan holds $5M in total assets and serves 101 participants as of 2024. It is sponsored by INTERNATIONAL FINANCE BANK in Florida. The plan reported positive net income of $598K for the year.

Total Assets (2023)
$5M
Participants
101
State
Industry
Finance & Insurance

What the Filing Says About IFB 401(K) PLAN

IFB 401(K) PLAN is a 401(k) retirement plan sponsored by INTERNATIONAL FINANCE BANK, headquartered in Florida. As of the 2024 Form 5500 filing, the plan reports $5M in total end-of-year assets and covers 101 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 853345810, and the plan has been effective since 1998-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $5M at the beginning of 2024 to $5M at year-end — a gain of 13.1%. Net assets (after liabilities) closed the year at $5M, with reported net income of $598K 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)$5M
Total Assets (End of Year)$5M
Net Assets (End of Year)$5M
Net Income$598K
Plan Type401(k)
Employer EIN853345810
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (INTERNATIONAL FINANCE BANK)

Year Plans Participants Total Assets
2022 1 95 $4M
2023 1 109 $5M
2024 1 101 $5M

Nearby 401(k) Plans in Florida

Peer 401(k) plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the IFB 401(K) PLAN?
As of the 2024 Form 5500 filing, IFB 401(K) PLAN holds $5M in total assets with 101 participants. It is sponsored by INTERNATIONAL FINANCE BANK.
What type of plan is IFB 401(K) PLAN?
IFB 401(K) PLAN is a 401(k) plan. It has been effective since 1998-01-01. The plan is filed with the U.S. Department of Labor under EIN 853345810.
Who sponsors the IFB 401(K) PLAN?
IFB 401(K) PLAN is sponsored by INTERNATIONAL FINANCE BANK, located in Florida. The sponsor's EIN is 853345810 and the plan operates in the Finance & Insurance industry.
How did IFB 401(K) PLAN perform in 2024?
IFB 401(K) PLAN grew by 13.1% during 2024, moving from $5M to $5M in total assets. Net income was $598K.
Where can I find official filings for IFB 401(K) PLAN?
Official Form 5500 filings for IFB 401(K) PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 853345810 or plan name at efast.dol.gov.
How does IFB 401(K) PLAN compare to other plans?
You can compare IFB 401(K) PLAN against other 401(k) plans on the plan type page, or view plans in Florida on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 853345810.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.