Civic Intelligence

First Independence Bank

Plan context: First Independence Bank 401(K) Savings Plan

EIN 38-1910391 • Detroit, MI • 25 filings • 6 plans

7310 Woodward AvenueSuite 101Detroit, MI 48202-3165
Current Snapshot

Latest Year

2024

2024 Participants

72

2024 Assets

$3,051,473

2024 Contributions

$489,841

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$3,051,473$1,525,737$0200120132024YearValue
$3,051,473Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

74370200120132024YearValue
72Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2024172$3,051,473$489,841$6,803iApproximate average salary by contribution assumption: employee only about $170,084 at 4% or $113,389 at 6%; with 50% employer match about $113,389 at 4% or $75,593 at 6%; with 100% employer match about $85,042 at 4% or $56,695 at 6%.
First Independence Bank 401(K) Savings Plan-72$3,051,473$489,841$6,803iApproximate average salary by contribution assumption: employee only about $170,084 at 4% or $113,389 at 6%; with 50% employer match about $113,389 at 4% or $75,593 at 6%; with 100% employer match about $85,042 at 4% or $56,695 at 6%.
2023167$2,398,959$524,473$7,828iApproximate average salary by contribution assumption: employee only about $195,699 at 4% or $130,466 at 6%; with 50% employer match about $130,466 at 4% or $86,977 at 6%; with 100% employer match about $97,849 at 4% or $65,233 at 6%.
First Independence Bank 401(K) Savings Plan-67$2,398,959$524,473$7,828iApproximate average salary by contribution assumption: employee only about $195,699 at 4% or $130,466 at 6%; with 50% employer match about $130,466 at 4% or $86,977 at 6%; with 100% employer match about $97,849 at 4% or $65,233 at 6%.
2022159$1,871,376$501,818$8,505iApproximate average salary by contribution assumption: employee only about $212,635 at 4% or $141,756 at 6%; with 50% employer match about $141,756 at 4% or $94,504 at 6%; with 100% employer match about $106,317 at 4% or $70,878 at 6%.
First Independence Bank 401(K) Savings Plan-59$1,871,376$501,818$8,505iApproximate average salary by contribution assumption: employee only about $212,635 at 4% or $141,756 at 6%; with 50% employer match about $141,756 at 4% or $94,504 at 6%; with 100% employer match about $106,317 at 4% or $70,878 at 6%.
2021162$2,321,001$292,618$4,720iApproximate average salary by contribution assumption: employee only about $117,991 at 4% or $78,661 at 6%; with 50% employer match about $78,661 at 4% or $52,441 at 6%; with 100% employer match about $58,996 at 4% or $39,330 at 6%.
First Independence Bank 401(K) Savings Plan-62$2,321,001$292,618$4,720iApproximate average salary by contribution assumption: employee only about $117,991 at 4% or $78,661 at 6%; with 50% employer match about $78,661 at 4% or $52,441 at 6%; with 100% employer match about $58,996 at 4% or $39,330 at 6%.
2020159$2,208,759$259,995$4,407iApproximate average salary by contribution assumption: employee only about $110,167 at 4% or $73,445 at 6%; with 50% employer match about $73,445 at 4% or $48,963 at 6%; with 100% employer match about $55,084 at 4% or $36,722 at 6%.
First Independence Bank 401(K) Savings Plan-59$2,208,759$259,995$4,407iApproximate average salary by contribution assumption: employee only about $110,167 at 4% or $73,445 at 6%; with 50% employer match about $73,445 at 4% or $48,963 at 6%; with 100% employer match about $55,084 at 4% or $36,722 at 6%.
2019174$2,937,806$470,936$6,364iApproximate average salary by contribution assumption: employee only about $159,100 at 4% or $106,067 at 6%; with 50% employer match about $106,067 at 4% or $70,711 at 6%; with 100% employer match about $79,550 at 4% or $53,033 at 6%.
First Independence Bank 401(K) Savings Plan-74$2,937,806$470,936$6,364iApproximate average salary by contribution assumption: employee only about $159,100 at 4% or $106,067 at 6%; with 50% employer match about $106,067 at 4% or $70,711 at 6%; with 100% employer match about $79,550 at 4% or $53,033 at 6%.
2018165$2,284,965$383,771$5,904iApproximate average salary by contribution assumption: employee only about $147,604 at 4% or $98,403 at 6%; with 50% employer match about $98,403 at 4% or $65,602 at 6%; with 100% employer match about $73,802 at 4% or $49,201 at 6%.
First Independence Bank 401(K) Savings Plan-65$2,284,965$383,771$5,904iApproximate average salary by contribution assumption: employee only about $147,604 at 4% or $98,403 at 6%; with 50% employer match about $98,403 at 4% or $65,602 at 6%; with 100% employer match about $73,802 at 4% or $49,201 at 6%.
2017170$2,578,035$311,275$4,447iApproximate average salary by contribution assumption: employee only about $111,170 at 4% or $74,113 at 6%; with 50% employer match about $74,113 at 4% or $49,409 at 6%; with 100% employer match about $55,585 at 4% or $37,057 at 6%.
First Independence Bank 401(K) Savings Plan-70$2,578,035$311,275$4,447iApproximate average salary by contribution assumption: employee only about $111,170 at 4% or $74,113 at 6%; with 50% employer match about $74,113 at 4% or $49,409 at 6%; with 100% employer match about $55,585 at 4% or $37,057 at 6%.
2016168$2,351,492$315,561$4,641iApproximate average salary by contribution assumption: employee only about $116,015 at 4% or $77,343 at 6%; with 50% employer match about $77,343 at 4% or $51,562 at 6%; with 100% employer match about $58,008 at 4% or $38,672 at 6%.
First Independence Bank 401(K) Savings Plan-68$2,351,492$315,561$4,641iApproximate average salary by contribution assumption: employee only about $116,015 at 4% or $77,343 at 6%; with 50% employer match about $77,343 at 4% or $51,562 at 6%; with 100% employer match about $58,008 at 4% or $38,672 at 6%.
2015164$1,994,648$264,598$4,134iApproximate average salary by contribution assumption: employee only about $103,359 at 4% or $68,906 at 6%; with 50% employer match about $68,906 at 4% or $45,937 at 6%; with 100% employer match about $51,679 at 4% or $34,453 at 6%.
First Independence Bank 401(K) Savings Plan-64$1,994,648$264,598$4,134iApproximate average salary by contribution assumption: employee only about $103,359 at 4% or $68,906 at 6%; with 50% employer match about $68,906 at 4% or $45,937 at 6%; with 100% employer match about $51,679 at 4% or $34,453 at 6%.
2014169$2,012,530$279,533$4,051iApproximate average salary by contribution assumption: employee only about $101,280 at 4% or $67,520 at 6%; with 50% employer match about $67,520 at 4% or $45,013 at 6%; with 100% employer match about $50,640 at 4% or $33,760 at 6%.
First Independence Bank 401(K) Savings Plan-69$2,012,530$279,533$4,051iApproximate average salary by contribution assumption: employee only about $101,280 at 4% or $67,520 at 6%; with 50% employer match about $67,520 at 4% or $45,013 at 6%; with 100% employer match about $50,640 at 4% or $33,760 at 6%.
2013165$1,824,050$254,239$3,911iApproximate average salary by contribution assumption: employee only about $97,784 at 4% or $65,189 at 6%; with 50% employer match about $65,189 at 4% or $43,460 at 6%; with 100% employer match about $48,892 at 4% or $32,595 at 6%.
First Independence Bank 401(K) Savings Plan-65$1,824,050$254,239$3,911iApproximate average salary by contribution assumption: employee only about $97,784 at 4% or $65,189 at 6%; with 50% employer match about $65,189 at 4% or $43,460 at 6%; with 100% employer match about $48,892 at 4% or $32,595 at 6%.
2012158$1,324,511$222,426$3,835iApproximate average salary by contribution assumption: employee only about $95,873 at 4% or $63,916 at 6%; with 50% employer match about $63,916 at 4% or $42,610 at 6%; with 100% employer match about $47,937 at 4% or $31,958 at 6%.
First Independence Bank 401(K) Savings Plan-58$1,324,511$222,426$3,835iApproximate average salary by contribution assumption: employee only about $95,873 at 4% or $63,916 at 6%; with 50% employer match about $63,916 at 4% or $42,610 at 6%; with 100% employer match about $47,937 at 4% or $31,958 at 6%.
2011154$1,101,358$219,260$4,060iApproximate average salary by contribution assumption: employee only about $101,509 at 4% or $67,673 at 6%; with 50% employer match about $67,673 at 4% or $45,115 at 6%; with 100% employer match about $50,755 at 4% or $33,836 at 6%.
First Independence Bank 401(K) Savings Plan-54$1,101,358$219,260$4,060iApproximate average salary by contribution assumption: employee only about $101,509 at 4% or $67,673 at 6%; with 50% employer match about $67,673 at 4% or $45,115 at 6%; with 100% employer match about $50,755 at 4% or $33,836 at 6%.
2010155$1,064,376$270,127$4,911iApproximate average salary by contribution assumption: employee only about $122,785 at 4% or $81,857 at 6%; with 50% employer match about $81,857 at 4% or $54,571 at 6%; with 100% employer match about $61,392 at 4% or $40,928 at 6%.
First Independence Bank 401(K) Savings Plan-55$1,064,376$270,127$4,911iApproximate average salary by contribution assumption: employee only about $122,785 at 4% or $81,857 at 6%; with 50% employer match about $81,857 at 4% or $54,571 at 6%; with 100% employer match about $61,392 at 4% or $40,928 at 6%.
2009156$941,198$153,911$2,748iApproximate average salary by contribution assumption: employee only about $68,710 at 4% or $45,807 at 6%; with 50% employer match about $45,807 at 4% or $30,538 at 6%; with 100% employer match about $34,355 at 4% or $22,903 at 6%.
First Independence Bank 401(K) Savings Plan-56$941,198$153,911$2,748iApproximate average salary by contribution assumption: employee only about $68,710 at 4% or $45,807 at 6%; with 50% employer match about $45,807 at 4% or $30,538 at 6%; with 100% employer match about $34,355 at 4% or $22,903 at 6%.
2008153$815,919$205,278$3,873iApproximate average salary by contribution assumption: employee only about $96,829 at 4% or $64,553 at 6%; with 50% employer match about $64,553 at 4% or $43,035 at 6%; with 100% employer match about $48,415 at 4% or $32,276 at 6%.
First Independence Bank 401(K) Savings Plan-53$815,919$205,278$3,873iApproximate average salary by contribution assumption: employee only about $96,829 at 4% or $64,553 at 6%; with 50% employer match about $64,553 at 4% or $43,035 at 6%; with 100% employer match about $48,415 at 4% or $32,276 at 6%.
2007153$0$0-
First Independence Bank 401(K) Savings Plan-53---
2006153$940,356$206,372$3,894iApproximate average salary by contribution assumption: employee only about $97,345 at 4% or $64,897 at 6%; with 50% employer match about $64,897 at 4% or $43,265 at 6%; with 100% employer match about $48,673 at 4% or $32,448 at 6%.
First Independence Bank 401(K) Savings Plan-53$940,356$206,372$3,894iApproximate average salary by contribution assumption: employee only about $97,345 at 4% or $64,897 at 6%; with 50% employer match about $64,897 at 4% or $43,265 at 6%; with 100% employer match about $48,673 at 4% or $32,448 at 6%.
2005160$743,624$180,507$3,008iApproximate average salary by contribution assumption: employee only about $75,211 at 4% or $50,141 at 6%; with 50% employer match about $50,141 at 4% or $33,427 at 6%; with 100% employer match about $37,606 at 4% or $25,070 at 6%.
First Independence Bank 401(K) Savings Plan-60$743,624$180,507$3,008iApproximate average salary by contribution assumption: employee only about $75,211 at 4% or $50,141 at 6%; with 50% employer match about $50,141 at 4% or $33,427 at 6%; with 100% employer match about $37,606 at 4% or $25,070 at 6%.
2004257$618,718$158,045$2,773iApproximate average salary by contribution assumption: employee only about $69,318 at 4% or $46,212 at 6%; with 50% employer match about $46,212 at 4% or $30,808 at 6%; with 100% employer match about $34,659 at 4% or $23,106 at 6%.
First Independence Bank 401(K) Savings Plan-57$618,718$158,045$2,773iApproximate average salary by contribution assumption: employee only about $69,318 at 4% or $46,212 at 6%; with 50% employer match about $46,212 at 4% or $30,808 at 6%; with 100% employer match about $34,659 at 4% or $23,106 at 6%.
First Independence Bank 401(K) Savings Plan-57---
2003132$471,295$157,155$4,911iApproximate average salary by contribution assumption: employee only about $122,777 at 4% or $81,852 at 6%; with 50% employer match about $81,852 at 4% or $54,568 at 6%; with 100% employer match about $61,389 at 4% or $40,926 at 6%.
First Independence Bank 401(K) Savings Plan-32$471,295$157,155$4,911iApproximate average salary by contribution assumption: employee only about $122,777 at 4% or $81,852 at 6%; with 50% employer match about $81,852 at 4% or $54,568 at 6%; with 100% employer match about $61,389 at 4% or $40,926 at 6%.
2002132$287,191$116,281$3,634iApproximate average salary by contribution assumption: employee only about $90,845 at 4% or $60,563 at 6%; with 50% employer match about $60,563 at 4% or $40,375 at 6%; with 100% employer match about $45,422 at 4% or $30,282 at 6%.
First Independence Bank 401(K) Savings Plan-32$287,191$116,281$3,634iApproximate average salary by contribution assumption: employee only about $90,845 at 4% or $60,563 at 6%; with 50% employer match about $60,563 at 4% or $40,375 at 6%; with 100% employer match about $45,422 at 4% or $30,282 at 6%.
2001126$249,212$82,129$3,159iApproximate average salary by contribution assumption: employee only about $78,970 at 4% or $52,647 at 6%; with 50% employer match about $52,647 at 4% or $35,098 at 6%; with 100% employer match about $39,485 at 4% or $26,323 at 6%.
First Independence Bank 401(K) Savings Plan-26$249,212$82,129$3,159iApproximate average salary by contribution assumption: employee only about $78,970 at 4% or $52,647 at 6%; with 50% employer match about $52,647 at 4% or $35,098 at 6%; with 100% employer match about $39,485 at 4% or $26,323 at 6%.
First Independence Bank | EIN 38-1910391 | 2024 Form 5500 Company Profile