2023 Form 5500 filing — Texas Independent Bancshares, Inc. 401(K) 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 20241001141457NAL0004093699001) for Texas Independent Bancshares, Inc. 401(K) Employee Stock Ownership Plan, reported by Texas Independent Bancshares under EIN 74-2022764 and plan number 001. It reports 461 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001141457NAL0004093699001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Texas Independent Bancshares
- EIN
- 74-2022764
- Plan number
- 001
- Location
- Texas City, TX
- Participants
- 461
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $73,228,743
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $73,228,743
- Employer contributions
- $1,552,719
- Participant contributions
- $1,454,673
- Total income / additions
- $8,818,487
- Benefits paid
- $4,016,464
- Administrative expenses
- $77,643
- Total expenses
- $4,094,107
- Net increase / (decrease)
- $4,724,380
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| The Allocation Company, Inc. | TPA | $0 | $9,903 |
| Mass Mutual Life Insurance Company | RECORDKEEPER | not reported in the loaded dataset | not reported in the loaded dataset |
| Mesirow Financial Investment Mgmt | FIDUCIARY SERVICE | not reported in the loaded dataset | not reported in the loaded dataset |
| Swbc Investment Services, LLC | BROKER | not reported in the loaded dataset | not reported in the loaded dataset |