Tib Employee Savings Plan — Form 5500 plan (Independent Bankers Financial Corporation)
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, Tib Employee Savings Plan is a benefit plan reported by Independent Bankers Financial Corporation under EIN 75-1892487 and plan number 001. The latest loaded filing year is 2023. The filing reports 308 participants and $68,045,237 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Independent Bankers Financial Corporation
- EIN
- 75-1892487
- Plan number
- 001
- Plan type
- 2
- Location
- Farmers Branch, TX
- Latest filing year
- 2023
- Participants
- 308
- End-of-year plan assets
- $68,045,237
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 308 | H, C | 20240925103030NAL0028815362001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $68,045,237
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $68,045,237
- Net assets (BOY)
- $60,398,569
Income & contributions
- Employer contributions
- $1,096,250
- Participant contributions
- $1,966,514
- Total contributions
- $3,181,711
- Total income / additions
- $16,166,294
Expenses & distributions
- Benefits paid
- $8,441,375
- Administrative expenses
- $78,251
- Total expenses
- $8,519,626
- Net increase / (decrease)
- $7,646,668
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $30,251 | $0 | 2023 |
| Commerce Street Investment Advisor | ADVISOR | $24,000 | not reported in the loaded dataset | 2023 |
| Commerce Street Peak Advisors | INVESTMENT ADVISOR | $24,000 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Independent Bankers Financial Corporation
- 2023 Form 5500 filing
- Form 5500 filings in TX
- 401(k) and benefit plan filings in Farmers Branch, TX
- Fidelity Investments Institutional — Schedule C compensation
- Commerce Street Investment Advisor — Schedule C compensation
- Commerce Street Peak Advisors — Schedule C compensation