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Filings through Oct 24, 2026.

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Bank Independent

EIN 63-0260951-banking-Latest filing 2025
Plans
10
Retirement
3
$97.5M assets
Health & Benefits
7
$670K premiums
Participants
5,544
PO BOX 5000 - SHEFFIELD, AL 35660256-386-5000bibank.comLinkedIn501-1000 employeesbanking
Plans on this EIN
10 filings
#002401(k)-$50.5M - 825 part#003Traditional DB-$44.6M - 862 part#001ESOP-$2.4M - 575 part#507Fully insured-$222K - 239 lives#506Fully insured-$209K - 592 lives#508Fully insured-$120K - 460 lives#505Fully insured-$60K - 592 lives#510Fully insured-$41K - 0 lives#509Fully insured-$18K - 695 lives#504Self-funded-0 lives+4 more plans

Health & Benefits portfolio - carriers, brokers and premium across this company's 7 health and benefits plans.

Retirement portfolio analytics

3 plans aggregated / $97.5M assets / 2,262 participants

Assets by plan

Share of aggregate retirement assets

  • PROFIT SHARING PLAN (#002)$50.5M
  • BANK INDEPENDENT PENSION (#003)$44.6M
  • STOCK BONUS PLAN (#001)$2.4M
Total $97.5MSelect a row to open it

Recordkeeper share

DC plan assets by Schedule C recordkeeper

Entrenched
  • MORGAN STANLEY SMITH BARNEY$50.5M
  • (Not disclosed)$47.0M
Total $97.5MSelect a row to open it

Participants by plan

Active + retired + deferred vested

  • BANK INDEPENDENT PENSION (#003)862
  • PROFIT SHARING PLAN (#002)825
  • STOCK BONUS PLAN (#001)575
Total 2,262Select a row to open it

Benefits portfolio analytics

7 plans / $670K premiums / 2,578 covered lives

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Plan summaries

Each card links to its plan page. The plan page shows fees vs peers, audit grade, history and counterparties.

Retirement#002

BANK INDEPENDENT 401(K) PROFIT SHARING PLAN

401(k)

Assets$50.5M
Participants825
On the plan page
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan
Retirement#003

BANK INDEPENDENT PENSION PLAN

Traditional DB

Assets$44.6M
Participants862
On the plan page
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan
Retirement#001

BANK INDEPENDENT STOCK BONUS PLAN

ESOP

Assets$2.4M
Participants575
On the plan page
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan
Health & Benefits#507

BANK INDEPENDENT AFLAC

Fully insured - AFLAC

Premiums$222K
Covered lives239
On the plan page
Premium breakdownCarriersBrokersCoverage stats
Open plan
Health & Benefits#506

BANK INDEPENDENT LIFE/ADD

Fully insured - RELIASTAR LIFE INSURANCE COMPANY

Premiums$209K
Covered lives592
On the plan page
Premium breakdownCarriersBrokersCoverage stats
Open plan
Health & Benefits#508

BANK INDEPENDENT VISION

Fully insured - VISION SERVICE PLAN

Premiums$120K
Covered lives460
On the plan page
Premium breakdownCarriersBrokersCoverage stats
Open plan
Health & Benefits#505

BANK INDEPENDENT LTD

Fully insured - RELIASTAR LIFE INSURANCE COMPANY

Premiums$60K
Covered lives592
On the plan page
Premium breakdownCarriersBrokersCoverage stats
Open plan
Health & Benefits#510

BANK INDEPENDENT 5STAR

Fully insured - 5STAR LIFE INSURANCE COMPANY

Premiums$41K
Covered lives0
On the plan page
Premium breakdownCarriersBrokersCoverage stats
Open plan
Health & Benefits#509

BANK INDEPENDENT EAP

Fully insured - NEW DIRECTIONS BEHAVORIAL HEALTH

Premiums$18K
Covered lives695
On the plan page
Premium breakdownCarriersBrokersCoverage stats
Open plan
Health & Benefits#504

BANK INDEPENDENT HEALTH-DENTAL

Self-funded

Premiums$0
Covered lives0
On the plan page
Premium breakdownCarriersBrokersCoverage stats
Open plan

Retirement plans

3 plans on this EIN

PlanNameTypeAssetsParticipantsLatest year
#002BANK INDEPENDENT 401(K) PROFIT SHARING PLAN401(k)$50.5M8252025
#003BANK INDEPENDENT PENSION PLANTraditional DB$44.6M8622025
#001BANK INDEPENDENT STOCK BONUS PLANESOP$2.4M5752025
  • BANK INDEPENDENT 401(K) PROFIT SHARING PLAN$50.5M
    #002 · 401(k) · 2025825
  • BANK INDEPENDENT PENSION PLAN$44.6M
    #003 · Traditional DB · 2025862
  • BANK INDEPENDENT STOCK BONUS PLAN$2.4M
    #001 · ESOP · 2025575

Health & Benefits plans

7 plans on this EIN

PlanNameFundingCarrierPremiumsCoveredLatest year
#507BANK INDEPENDENT AFLACFully insuredAFLAC$222K2392025
#506BANK INDEPENDENT LIFE/ADDFully insuredRELIASTAR LIFE INSURANCE COMPANY$209K5922025
#508BANK INDEPENDENT VISIONFully insuredVISION SERVICE PLAN$120K4602025
#505BANK INDEPENDENT LTDFully insuredRELIASTAR LIFE INSURANCE COMPANY$60K5922025
#510BANK INDEPENDENT 5STARFully insured5STAR LIFE INSURANCE COMPANY$41K02025
#509BANK INDEPENDENT EAPFully insuredNEW DIRECTIONS BEHAVORIAL HEALTH$18K6952025
#504BANK INDEPENDENT HEALTH-DENTALSelf-funded-$002025
  • BANK INDEPENDENT AFLAC$222K
    #507 · Fully insured · AFLAC · 2025239
  • BANK INDEPENDENT LIFE/ADD$209K
    #506 · Fully insured · RELIASTAR LIFE INSURANCE COMPANY · 2025592
  • BANK INDEPENDENT VISION$120K
    #508 · Fully insured · VISION SERVICE PLAN · 2025460
  • BANK INDEPENDENT LTD$60K
    #505 · Fully insured · RELIASTAR LIFE INSURANCE COMPANY · 2025592
  • BANK INDEPENDENT 5STAR$41K
    #510 · Fully insured · 5STAR LIFE INSURANCE COMPANY · 20250
  • BANK INDEPENDENT EAP$18K
    #509 · Fully insured · NEW DIRECTIONS BEHAVORIAL HEALTH · 2025695
  • BANK INDEPENDENT HEALTH-DENTAL$0
    #504 · Self-funded · 20250
Retirement plans
Health & Benefits plans

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  2. Benefits analytics
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  5. Health & Benefits plans
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