2023 Form 5500 filing — Independent Bancshares, Inc. Employee Stock Ownership Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240711102020NAL0018203601001) for Independent Bancshares, Inc. Employee Stock Ownership Plan, reported by Independent Bancshares, Inc. under EIN 63-0828070 and plan number 002. It reports 41 participants. Attached schedules in the loaded dataset include Schedule I (small plan financials).
- EFAST2 acknowledgement
- 20240711102020NAL0018203601001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Independent Bancshares, Inc.
- EIN
- 63-0828070
- Plan number
- 002
- Location
- Red Bay, AL
- Participants
- 41
- Schedules available
- Schedule I
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,221,718
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,221,718
- Employer contributions
- $75,696
- Total income / additions
- $402,965
- Benefits paid
- $603,933
- Total expenses
- $603,933
- Net increase / (decrease)
- -$200,968
- Schedule source
- Schedule I