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Sponsor portfolioTH

INDEPENDENT BANK CORPORATION

EIN 38-2032782-banking-Latest filing 2025
Plans
3
Retirement
2
$116.7M assets
Welfare
1
$676K premiums
Participants
2,761
230 WEST MAIN STREET - IONIA, MI 48846616-527-5820independentbank.comLinkedIn501-1000 employeesbanking
Plans on this EIN
3 filings
#003401k-$97.5M - 1,041 part#004ESOP-$19.2M - 880 part#501Mixed-$676K - 840 lives

Retirement portfolio analytics

2 plans aggregated / $116.7M assets / 1,921 participants

Assets by plan

Share of aggregate retirement assets

84%top
  • BANK CORPORATION 401(K) (#003)84%
  • EMPLOYEE STOCK OWNERSHIP (#004)16%
Total $116.7MClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • BANK CORPORATION 401(K) (#003)1,041
  • EMPLOYEE STOCK OWNERSHIP (#004)880
Total 1,921Click row to drill in

Benefits portfolio analytics

1 plan / $676K premiums / 840 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Other$549K
  • Life$428K
  • Long-term disability$428K
  • Vision$98K
  • Health$29K
  • Prescription drug$29K
Total $676K6 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
78%top
  • UNUM LIFE INSURANCE COMPANY OF AMERICA78%
  • VISION SERVICE PLAN15%
  • UNITED AMERICAN INSURANCE COMPANY4%
  • ULLIANCE, INC.3%
Total $676K4 slices

Broker market share

Schedule A broker compensation

Split broker
100%top
  • LOCKTON COMPANIES, LLC100%
  • PROFESSIONAL BENEFITS SERVICES0%
Total $131K2 slices

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#003

INDEPENDENT BANK CORPORATION 401(K) PLAN

401k

Assets$97.5M
Participants1,041
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#004

INDEPENDENT BANK CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

ESOP

Assets$19.2M
Participants880
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501

INDEPENDENT BANK CORPORATION EMPLOYEE BENEFIT PLAN

Mixed - UNUM LIFE INSURANCE COMPANY OF AMERICA

Premiums$676K
Covered lives840
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans2

Plan #NameTypeAssetsParticipantsLatest year
003INDEPENDENT BANK CORPORATION 401(K) PLAN401k$97.5M1,0412024
004INDEPENDENT BANK CORPORATION EMPLOYEE STOCK OWNERSHIP PLANESOP$19.2M8802024

Welfare plans1

Plan #NameFundingCarrierPremiumsCoveredLatest year
501INDEPENDENT BANK CORPORATION EMPLOYEE BENEFIT PLANMixedUNUM LIFE INSURANCE COMPANY OF AMERICA$676K8402025
Retirement plans
Welfare plans
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