Plan Snapshot
- Plan Sponsor: Independent Bancshares, INC.
- Sponsor EIN: 630828070
- Sponsor Address: 200 4TH AVENUE SW, RED BAY, AL, 35582
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 42
- Total Assets: $8.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2025 | 42 | $8.9M | $0 | $0 |
| 2024 | 30 | $8.5M | $176,116 | $0 |
| 2023 | 29 | $8.2M | $75,696 | $0 |
| 2022 | 27 | $8.4M | $76,968 | $0 |