Texas Independent Bancshares, Inc. 401(K) Employee Stock Ownership Plan — Form 5500 plan (Texas Independent Bancshares)
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, Texas Independent Bancshares, Inc. 401(K) Employee Stock Ownership Plan is a benefit plan reported by Texas Independent Bancshares under EIN 74-2022764 and plan number 001. The latest loaded filing year is 2023. The filing reports 461 participants and $73,228,743 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Texas Independent Bancshares
- EIN
- 74-2022764
- Plan number
- 001
- Plan type
- 2
- Location
- Texas City, TX
- Latest filing year
- 2023
- Participants
- 461
- End-of-year plan assets
- $73,228,743
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 461 | H, C | 20241001141457NAL0004093699001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $73,228,743
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $73,228,743
- Net assets (BOY)
- $68,504,363
Income & contributions
- Employer contributions
- $1,552,719
- Participant contributions
- $1,454,673
- Total contributions
- $3,012,545
- Total income / additions
- $8,818,487
Expenses & distributions
- Benefits paid
- $4,016,464
- Administrative expenses
- $77,643
- Total expenses
- $4,094,107
- Net increase / (decrease)
- $4,724,380
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Allocation Company, Inc. | TPA | $0 | $9,903 | 2023 |
| Mass Mutual Life Insurance Company | RECORDKEEPER | not reported in the loaded dataset | not reported in the loaded dataset | 2023 |
| Mesirow Financial Investment Mgmt | FIDUCIARY SERVICE | not reported in the loaded dataset | not reported in the loaded dataset | 2023 |
| Swbc Investment Services, LLC | BROKER | not reported in the loaded dataset | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Texas Independent Bancshares
- 2023 Form 5500 filing
- Form 5500 filings in TX
- 401(k) and benefit plan filings in Texas City, TX
- The Allocation Company, Inc. — Schedule C compensation
- Mass Mutual Life Insurance Company — Schedule C compensation
- Mesirow Financial Investment Mgmt — Schedule C compensation
- Swbc Investment Services, LLC — Schedule C compensation