401(k) · DOL Form 5500 · 2024

Industrial Bank 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
140
Participants Small participant base
66th
Percentile by assets National rank
$116,429
Avg per participant Below avg balance/head
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Official DOL plan name: Industrial Bank 401(k) Profit Sharing Plan · Sponsored by Industrial Bank · Maryland · Finance & Insurance

$16M in assets, 140 participants

Industrial Bank's Industrial Bank 401(k) Profit Sharing Plan reported $16M in total assets and 140 participants in its 2024 DOL Form 5500 filing, ranking in the 66th 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.

  • #4,315 in Finance & Insurance (8,549 peers)

Coverage in Maryland

Industrial Bank 401(k) Profit Sharing Plan covers 140 participants in Maryland, about 15% of the average Maryland filer (state average ~929 per filing). Assets: $16M.

#4,315
in Finance & Insurance (8,549 peers)
+13.1%
assets growth YoY

Industrial Bank 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

Industrial Bank 401(k) Profit Sharing Plan vs every filed plan by assets

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

$16,300,126 Top 34% higher than 66% 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

Industrial Bank 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Industrial Bank 401(k) Profit Sharing Plan sits mid-pack in the medium band (140 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Industrial Bank 401(k) Profit Sharing Plan reported net income rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Industrial Bank 401(k) Profit Sharing Plan end-of-year assets rose from $14M in the plan year 2023 filing to $16M in the plan year 2024 filing.
  • Industrial Bank 401(k) Profit Sharing Plan reported participants rose from 133 in the plan year 2023 filing to 140 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 530088120 · Industrial Bank PY 2024 · 401(k)

Industrial Bank 401(k) Profit Sharing Plan · $16M · 140 · 66th

  • SCH $16M
  • SCH 140
  • SCH 66th
  • SCH 401(k)
  • SCH near U.S. Money Reserve 401(k) Plan
  • SCH ind #4315

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 Maryland →

Industrial Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Industrial Bank 401(k) Profit Sharing PlanIndustrial Bank 401(k) Profi…$16MU.S. Money Reserve 401(k) PlanU.S. Money Reserve 401(k) Pl…$16MNew Line Structures 401(k) Retirement PlanNew Line Structures 401(k) R…$16MHeller's Gas, Inc. 401(k) PlanHeller's Gas, Inc. 401(k) Pl…$16MAstro Shapes LLC 401(k) Profit Sharing PlanAstro Shapes LLC 401(k) Prof…$16M
End-of-year total assets ($M) among Industrial Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Maryland filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$16M
Net Income$2M
Employer EIN530088120
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Industrial Bank)

Sponsor-wide plan assets over time

All Industrial Bank plans reported in each filing year

Latest sponsor-wide plan assets
$17M 26.18962555326492% vs 2022
2024 filing year
$12M$14M$16M$18M 202220232024 $13.2M $16.6M ▲ +26.2%
Year Plans Participants Total Assets
2022 2 157 $13M
2023 2 160 $15M
2024 2 167 $17M

Nearby 401(k) Plans in Maryland

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

Industrial Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Industrial Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.016300126 · Participants: 140Industrial Bank 401(k) Profit Sharing PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 51.448624264 · Participants: 96812Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 11.712016434 · Participants: 101417Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.948487009 · Participants: 6639T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 4.08462816 · Participants: 2771Nfl Player Second Career Savings PlanLockheed Martin Corporation Performance Sharing Plan for Bargaining Employees, Total assets ($B): 2.987191008 · Participants: 18370Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees
Industrial Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Industrial Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Industrial Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is U.S. Money Reserve 401(k) Plan in TX ($16M); by covered participants it is Conformis, Inc. 401(k) Plan in MA (140 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($16M here).

Similar participant headcount

Nearest other-state filings by covered participants (140 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 Industrial Bank 401(k) Profit Sharing Plan assets move in 2024? ▼
Industrial Bank 401(k) Profit Sharing Plan grew at a solid clip - up 13.1% during 2024, from $14M to $16M. Reported net income was $2M.
How have Industrial Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Industrial Bank's sponsor-wide assets grew 26.2%, from $13M to $17M.
Which 401(k) plans are similar in size to Industrial Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is U.S. Money Reserve 401(k) Plan in TX ($16M, 369 participants).
Which 401(k) plans cover a similar participant headcount to Industrial Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Conformis, Inc. 401(k) Plan in MA (140 participants, N/A 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 530088120.

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.