401(k) · DOL Form 5500 · 2024

Independence Bank 401(k) Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
141
Participants Small participant base
79th
Percentile by assets National rank
$244,556
Avg per participant Above avg balance/head
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Official DOL plan name: Independence Bank 401(k) Profit Sharing Plan and Trust · Sponsored by Independence Bank · Montana · Finance & Insurance

$34M in assets, 141 participants

Independence Bank's Independence Bank 401(k) Profit Sharing Plan and Trust reported $34M in total assets and 141 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #5,792 in Finance & Insurance (8,549 peers)

Where Independence Bank 401(k) Profit Sharing Plan and Trust sits by assets

Independence Bank 401(k) Profit Sharing Plan and Trust sits in the top quartile of all filed plans by assets, $34M for 141 participants (~$244,556/participant), up 17.7% in 2024.

#5,792
in Finance & Insurance (8,549 peers)
+17.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Independence Bank 401(k) Profit Sharing Plan and Trust's outsized position by total assets

Independence Bank 401(k) Profit Sharing Plan and Trust vs every filed plan by assets

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

$34,482,460 Top 21% higher than 79% 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

Independence Bank 401(k) Profit Sharing Plan and Trust 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. Independence Bank 401(k) Profit Sharing Plan and Trust sits mid-pack in the medium band (141 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Independence Bank 401(k) Profit Sharing Plan and Trust reported net income rose from $3M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Independence Bank 401(k) Profit Sharing Plan and Trust end-of-year assets rose from $29M in the plan year 2023 filing to $34M in the plan year 2024 filing.
  • Independence Bank 401(k) Profit Sharing Plan and Trust reported participants rose from 135 in the plan year 2023 filing to 141 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 810331859 · Independence Bank PY 2024 · 401(k)

Independence Bank 401(k) Profit Sharing Plan and Trust · $34M · 141 · 79th

  • PHOTO $34M
  • PHOTO 141
  • PHOTO 79th
  • PHOTO 401(k)
  • PHOTO near The Police Credit Union 401(k) Plan & Trust
  • PHOTO ind #5792

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 Montana →

Independence Bank 401(k) Profit Sharing Plan and Trust in the asset neighbourhood

Independence Bank 401(k) Profit Sharing Plan and TrustIndependence Bank 401(k) Pro…$34MThe Police Credit Union 401(k) Plan & TrustThe Police Credit Union 401(…$34MKing Arthur 401(k) Plan$34MNfi Group - Participating Union 401(k) PlanNfi Group - Participating Un…$34MKollective Management Services, LLC 401(k) PlanKollective Management Servic…$34M
End-of-year total assets ($M) among Independence Bank 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$34M
Net Income$5M
Employer EIN810331859
Plan Effective Date1976-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Independence Bank)

Sponsor-wide plan assets over time

All Independence Bank plans reported in each filing year

Latest sponsor-wide plan assets
$34M 31.389251525633593% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $26.2M $34.5M ▲ +31.4%
Year Plans Participants Total Assets
2022 1 117 $26M
2023 1 135 $29M
2024 1 141 $34M

Nearby 401(k) Plans in Montana

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

Independence Bank 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Montana, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 0200400600800 Total assets ($M) Participants Independence Bank 401(k) Profit Sharing Plan and Trust, Total assets ($M): 34.48246 · Participants: 141Independence Bank 401(k) Profit Sharing Plan and TrustD.a. Davidson Companies Retirement Savings and Profit Sharing Plan, Total assets ($M): 622.672637 · Participants: 1619D.a. Davidson Companies Retirement Savings and Profit Sharing PlanGlacier Bancorp, Inc. Profit Sharing and 401(k) Plan, Total assets ($M): 537.940129 · Participants: 3215Glacier Bancorp, Inc. Profit Sharing and 401(k) PlanNorthwestern Energy 401(k) Retirement Savings Plan, Total assets ($M): 512.769387 · Participants: 1571Northwestern Energy 401(k) Retirement Savings PlanLogan Health Retirement Savings Plan, Total assets ($M): 500.352847 · Participants: 4288Logan Health Retirement Savings PlanFirst Interstate Bancsystem, Inc. 401(k) Plan, Total assets ($M): 481.734557 · Participants: 3530First Interstate Bancsystem, Inc. 401(k) Plan
Independence Bank 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Montana, assets vs. participants
Compare Independence Bank 401(k) Profit Sharing Plan and Trust side-by-side with 3 peers →

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

Outside Montana, the nearest 401(k) by assets is The Police Credit Union 401(k) Plan & Trust in CA ($34M); by covered participants it is Vonlehman & Co., Inc. Employee's Savings Plan in KY (141 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($34M here).

Similar participant headcount

Nearest other-state filings by covered participants (141 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 Independence Bank 401(k) Profit Sharing Plan and Trust assets move in 2024? ▼
Independence Bank 401(k) Profit Sharing Plan and Trust grew sharply - up 17.7% during 2024, from $29M to $34M. Reported net income was $5M.
How have Independence Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Independence Bank's sponsor-wide assets grew 31.4%, from $26M to $34M.
Where does Independence Bank 401(k) Profit Sharing Plan and Trust rank by assets among Form 5500 filers? ▼
Independence Bank 401(k) Profit Sharing Plan and Trust ranks in the 79th 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 Independence Bank 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is The Police Credit Union 401(k) Plan & Trust in CA ($34M, 133 participants).
Which 401(k) plans cover a similar participant headcount to Independence Bank 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Vonlehman & Co., Inc. Employee's Savings Plan in KY (141 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 810331859.

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.