# Independent Bancshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/independent-bancshares-inc-630828070-002

> Independent Bancshares, INC.'s 401(k) plan: 42 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## 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|

## Similar Plans

- [The Southern Banc Company, INC.](https://planprovider.pro/companies/the-southern-banc-company-inc-631146351-001) — 25 participants

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