2023 Form 5500 filing — Industry 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 20241122110715NAL0000758259001) for Industry Bancshares, Inc. 401(K) Employee Stock Ownership Plan, reported by Industry Bancshares Inc under EIN 74-2679367 and plan number 002. It reports 594 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$29.2MReported net assets$29,190,113
Participants594
Provider compensation$82.5K3 Schedule C row(s)$82,507
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20241122110715NAL0000758259001
Plan sponsor
Industry Bancshares Inc
EIN
74-2679367
Plan number
002
Location
Industry, TX
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$29.2M total assets
Net assets$29.2MLiabilities$0
Money in vs. money out
Total income / additions-$10.5M
Total expenses$4.6M
Benefits paid / distributions$4.5M
Contributions
Employer$1.6M
Participant$2.2M
Full reported line items
Total assets (EOY)
$29,190,113
Total liabilities (EOY)
$0
Net assets (EOY)
$29,190,113
Employer contributions
$1,570,923
Participant contributions
$2,167,236
Total income / additions
-$10,534,794
Benefits paid
$4,496,691
Administrative expenses
$82,507
Total expenses
$4,579,198
Net increase / (decrease)
-$15,113,992
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    CONTRACT ADMINISTRATOR · Direct $71.3K · Indirect $0
  2. 2
    ACCOUNTANT · Direct $11.2K
  3. 3
    INVESTMENT ADVISORY · Direct $0 · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241122110715NAL0000758259001 cover?
It is the 2023 Form 5500 filing for Industry Bancshares, Inc. 401(K) Employee Stock Ownership Plan, reported by Industry Bancshares Inc (EIN 74-2679367).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages