401(k) · DOL Form 5500 · 2024

Bank Independent Inc 401(k) Plan

Data updated 2026-08-25

$46M
Total assets Below avg plan size
560
Participants Below avg headcount
83rd
Percentile by assets National rank
$82,046
Avg per participant Below avg balance/head
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Official DOL plan name: Bank Independent 401(k) Profit Sharing Plan · Sponsored by Bank Independent Inc · Alabama · Finance & Insurance

$46M in assets, 560 participants

Bank Independent Inc's Bank Independent 401(k) Profit Sharing Plan reported $46M in total assets and 560 participants in its 2024 DOL Form 5500 filing, ranking in the 83rd 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.

  • #6,323 in Finance & Insurance (8,549 peers)

Where Bank Independent 401(k) Profit Sharing Plan sits by assets

Bank Independent 401(k) Profit Sharing Plan sits in the top quartile of all filed plans by assets, $46M for 560 participants (~$82,046/participant), up 15.0% in 2024.

#6,323
in Finance & Insurance (8,549 peers)
+15.0%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Bank Independent 401(k) Profit Sharing Plan's outsized position by total assets

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

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

$45,945,912 Top 17% higher than 83% 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

Bank Independent 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. Bank Independent 401(k) Profit Sharing Plan sits mid-pack in the medium band (560 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bank Independent 401(k) Profit Sharing Plan reported net income fell from $7M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Bank Independent 401(k) Profit Sharing Plan end-of-year assets rose from $40M in the plan year 2023 filing to $46M in the plan year 2024 filing.
  • Bank Independent 401(k) Profit Sharing Plan reported participants rose from 515 in the plan year 2023 filing to 560 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 630260951 · Bank Independent Inc PY 2024 · 401(k)

Bank Independent 401(k) Profit Sharing Plan · $46M · 560 · 83rd

  • 5500 $46M
  • ASSETS 560
  • PCT 83rd
  • EIN 401(k)
  • RANK near Continental Broadband, LLC Retirement Plan
  • PHOTO ind #6323

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 Alabama →

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

Bank Independent 401(k) Profit Sharing PlanBank Independent 401(k) Prof…$46MContinental Broadband, LLC Retirement PlanContinental Broadband, LLC R…$46MNeaton Auto Products Mfg., Incorporated Retirement and Savings PlanNeaton Auto Products Mfg., I…$46M403(b) Thrift Plan for Employees of Lone Star Legal Aid403(b) Thrift Plan for Emplo…$46MAccuweather 401(k) Plan$46M
End-of-year total assets ($M) among Bank Independent 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$40M
Net Assets (End of Year)$46M
Net Income$6M
Employer EIN630260951
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank Independent Inc)

Sponsor-wide plan assets over time

All Bank Independent Inc plans reported in each filing year

Latest sponsor-wide plan assets
$83M 19.386290748426475% vs 2022
2024 filing year
$65M$70M$75M$80M$85M 202220232024 $69.7M $83.2M ▲ +19.4%
Year Plans Participants Total Assets
2022 3 1,507 $70M
2023 3 1,546 $77M
2024 3 1,670 $83M

Nearby 401(k) Plans in Alabama

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

Bank Independent 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Bank Independent 401(k) Profit Sharing Plan, Total assets ($B): 0.045945912 · Participants: 560Bank Independent 401(k) Profit Sharing PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 3.197489981 · Participants: 20783Regions Financial Corporation 401(k) PlanEncompass Health Corporation 401(k) Retirement Plan, Total assets ($B): 1.722944967 · Participants: 29454Encompass Health Corporation 401(k) Retirement PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.651353194 · Participants: 4638Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.472398962 · Participants: 8628Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 1.234118844 · Participants: 6167Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Bank Independent 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Bank Independent 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Alabama, the nearest 401(k) by assets is Continental Broadband, LLC Retirement Plan in PA ($46M); by covered participants it is Range Resources Corporation 401(k) Plan in TX (560 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (560 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 Bank Independent 401(k) Profit Sharing Plan assets move in 2024? ▼
Bank Independent 401(k) Profit Sharing Plan grew at a solid clip - up 15.0% during 2024, from $40M to $46M. Reported net income was $6M.
How have Bank Independent Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank Independent Inc's sponsor-wide assets grew 19.4%, from $70M to $83M.
Where does Bank Independent 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Bank Independent 401(k) Profit Sharing Plan ranks in the 83rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Bank Independent 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Continental Broadband, LLC Retirement Plan in PA ($46M, 399 participants).
Which 401(k) plans cover a similar participant headcount to Bank Independent 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Range Resources Corporation 401(k) Plan in TX (560 participants, $213M 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 630260951.

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.