# Independent Bank 401(k) Plan
Source: https://planprovider.pro/companies/independent-bank-401k-plan

> Independent Bank's 401(k) plan: 0 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Independent Bank

- **Sponsor EIN:** 752694563

- **Sponsor Address:** 7777 HENNEMAN WAY, MCKINNEY, TX, 75070

- **Plan Type:** 401(k)

- **Total Participants:** 0

- **Total Assets:** $0

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2025|0|$0|$0|$0|

| 2024|1,404|$143.0M|$7.9M|$11.1M|

| 2023|1,443|$118.2M|$7.7M|$10.9M|

| 2022|1,451|$105.3M|$7.9M|$11.3M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$87,437|—|$87,437|

| UBS FINANCIAL SERVICES INC|INVESTMENT ADVISOR|$59,126|—|$59,126|

| RSM US LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [UBS FINANCIAL SERVICES INC](https://planprovider.pro/provider/aspire-financial-services) — INVESTMENT ADVISOR

- [RSM US LLP](https://planprovider.pro/provider/rsm-us-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $146,563

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2025|$101,393|—|—|—|—|

| 2024|$147,163|—|$600|—|—|

| 2023|$256,086|—|$255,380|—|—|

| 2022|$279,871|—|$279,871|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/independent-bank-401k-plan)

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