401(k) · DOL Form 5500 · 2024
Independent Bank 401(k) Plan
Data updated 2026-08-11
- $24M
- Total assets
- 230
- Participants
- 74th
- Percentile by assets
- $105,106
- Avg per participant
Official DOL plan name: Independent Bank 401(k) Plan · Sponsored by Independent Bank · Tennessee · Finance & Insurance
$24M in assets, 230 participants
Independent Bank's Independent Bank 401(k) Plan reported $24M in total assets and 230 participants in its 2024 DOL Form 5500 filing, ranking in the 74th 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.
- 74th percentile by assets (of 123,622 plans)
- #5,116 in Finance & Insurance (8,549 peers)
Coverage in Tennessee
Independent Bank 401(k) Plan covers 230 participants in Tennessee, about 20% of the average Tennessee filer (state average ~1,126 per filing). Assets: $24M.
- $24M
- total plan assets (2024 EOY)
- 230
- covered participants
- 74th
- percentile by assets (of 123,622 plans)
- $105,106
- avg assets per participant
Where Independent Bank 401(k) Plan sits by total assets
Independent Bank 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$24,174,448 Top 26% higher than 74% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Independent Bank 401(k) Plan reported net income fell from $4M in the plan year 2023 filing to $3M in the plan year 2024 filing.
- Independent Bank 401(k) Plan end-of-year assets rose from $22M in the plan year 2023 filing to $24M in the plan year 2024 filing.
Participants vs Tennessee filers
In Tennessee, the average filing covers about 1,126 participants across 2,384 plans. Independent Bank 401(k) Plan reports 230 participants - about 20% of that state average ($24M EOY assets).
Tennessee filing particulars
| Total Assets (Beginning of Year) | $22M |
|---|---|
| Net Assets (End of Year) | $24M |
| Net Income | $3M |
| Employer EIN | 621730983 |
| Plan Effective Date | 2000-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Independent Bank)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2023 | 1 | 231 | $22M |
| 2024 | 1 | 230 | $24M |
Nearby 401(k) Plans in Tennessee
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Independent Bank 401(k) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
- Fedex Corporation Retirement Savings Plan $25.4B · 113,079
- Hca 401(k) Plan $23.8B · 307,086
- Federal Express Corporation Pilots Retirement Savings Plan $5.3B · 5,830
- International Paper Company Salaried Savings Plan $5.0B · 12,564
- Chs/Community Health Systems, Inc. Retirement Savings Plan $4.8B · 59,441
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Independent Bank 401(k) Plan by total assets, not by location.
- Ems-Chemie (North America) Inc. Retirement Plan (SC) $24M · 125
- Wiley Companies 401(k) Retirement Plan (OH) $24M · 233
- Origene Technologies, Inc. 401(k) Plan (MD) $24M · 139
- Clare Holdings, LLC 401(k) Plan (IL) $24M · 527
Frequently Asked Questions
How did Independent Bank 401(k) Plan assets move in 2024? ▼
How have Independent Bank plan assets changed over time? ▼
Which 401(k) plans are similar in size to Independent Bank 401(k) Plan? ▼
Next read for Independent Bank 401(k) Plan
Filing takeaways
Ways to act on Independent Bank 401(k) Plan's numbers.
- By total assets, Independent Bank 401(k) Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Tennessee. Compare plans
- Independent Bank's sponsor-wide assets have grown 11.7% since 2023 across 2 plan years on file. More Finance & Insurance plans