Industrial Bank Employee Stock Ownership Plan — Form 5500 plan (Industrial Bank)

Plain-English plan 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, Industrial Bank Employee Stock Ownership Plan is a benefit plan reported by Industrial Bank under EIN 53-0088120 and plan number 004. The latest loaded filing year is 2023. The filing reports 35 participants and $297,134 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$297.1KPlan net assets, end of year$297,134
Participants35Covered participants reported
Assets / participant$8.5KComputed: assets ÷ participants$8,490 (computed)
Provider compensationNone reported
Plan sponsor
Industrial Bank
EIN
53-0088120
Plan number
004
Plan type
2
Location
Washington, DC
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    35 participants · 2Sch I
    View filing →
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$297.1K total assets
Net assets$297.1KLiabilities$0
Money in vs. money out
Total income / additions$8.9K
Total expenses$41.7K
Benefits paid / distributions$41.7K
Contributions
Employer$379
Participant$0
Full reported line items

Net assets

Total assets (EOY)
$297,134
Total liabilities (EOY)
$0
Net assets (EOY)
$297,134
Net assets (BOY)
$329,967

Income & contributions

Employer contributions
$379
Participant contributions
$0
Total income / additions
$8,875

Expenses & distributions

Benefits paid
$41,706
Administrative expenses
$0
Total expenses
$41,708
Net increase / (decrease)
-$32,833
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 100%Participant 0%
Total expenses ÷ net assets14%Computed ratio
Benefits paid ÷ total income470%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages