Civic Intelligence

Independent Bancshares Inc.

Plan context: Independent Bancshares Inc. Safe Harbor 401(K) Plan

EIN 41-1852271 • Granite Falls, MN • 20 filings • 2 plans

PO Box 8702 Prentice St.Granite Falls, MN 56241
Current Snapshot

Latest Year

2024

2024 Participants

107

2024 Assets

$15,720,606

2024 Contributions

$1,421,891

Historical Graphs

Total Assets Over Time

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

$15,720,606$7,860,303$0200520152024YearValue
$15,720,606Latest year 2024

Participants Over Time

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

107540200520152024YearValue
107Latest 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
20241107$15,720,606$1,421,891$13,289iApproximate average salary by contribution assumption: employee only about $332,218 at 4% or $221,478 at 6%; with 50% employer match about $221,478 at 4% or $147,652 at 6%; with 100% employer match about $166,109 at 4% or $110,739 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-107$15,720,606$1,421,891$13,289iApproximate average salary by contribution assumption: employee only about $332,218 at 4% or $221,478 at 6%; with 50% employer match about $221,478 at 4% or $147,652 at 6%; with 100% employer match about $166,109 at 4% or $110,739 at 6%.
2023198$13,603,410$4,761,107$48,583iApproximate average salary by contribution assumption: employee only about $1,214,568 at 4% or $809,712 at 6%; with 50% employer match about $809,712 at 4% or $539,808 at 6%; with 100% employer match about $607,284 at 4% or $404,856 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-98$13,603,410$4,761,107$48,583iApproximate average salary by contribution assumption: employee only about $1,214,568 at 4% or $809,712 at 6%; with 50% employer match about $809,712 at 4% or $539,808 at 6%; with 100% employer match about $607,284 at 4% or $404,856 at 6%.
2022174$8,204,653$437,648$5,914iApproximate average salary by contribution assumption: employee only about $147,854 at 4% or $98,569 at 6%; with 50% employer match about $98,569 at 4% or $65,713 at 6%; with 100% employer match about $73,927 at 4% or $49,285 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-74$8,204,653$437,648$5,914iApproximate average salary by contribution assumption: employee only about $147,854 at 4% or $98,569 at 6%; with 50% employer match about $98,569 at 4% or $65,713 at 6%; with 100% employer match about $73,927 at 4% or $49,285 at 6%.
2021168$9,394,809$600,303$8,828iApproximate average salary by contribution assumption: employee only about $220,700 at 4% or $147,133 at 6%; with 50% employer match about $147,133 at 4% or $98,089 at 6%; with 100% employer match about $110,350 at 4% or $73,567 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-68$9,394,809$600,303$8,828iApproximate average salary by contribution assumption: employee only about $220,700 at 4% or $147,133 at 6%; with 50% employer match about $147,133 at 4% or $98,089 at 6%; with 100% employer match about $110,350 at 4% or $73,567 at 6%.
2020166$8,251,910$519,283$7,868iApproximate average salary by contribution assumption: employee only about $196,698 at 4% or $131,132 at 6%; with 50% employer match about $131,132 at 4% or $87,421 at 6%; with 100% employer match about $98,349 at 4% or $65,566 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-66$8,251,910$519,283$7,868iApproximate average salary by contribution assumption: employee only about $196,698 at 4% or $131,132 at 6%; with 50% employer match about $131,132 at 4% or $87,421 at 6%; with 100% employer match about $98,349 at 4% or $65,566 at 6%.
2019166$7,184,448$495,456$7,507iApproximate average salary by contribution assumption: employee only about $187,673 at 4% or $125,115 at 6%; with 50% employer match about $125,115 at 4% or $83,410 at 6%; with 100% employer match about $93,836 at 4% or $62,558 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-66$7,184,448$495,456$7,507iApproximate average salary by contribution assumption: employee only about $187,673 at 4% or $125,115 at 6%; with 50% employer match about $125,115 at 4% or $83,410 at 6%; with 100% employer match about $93,836 at 4% or $62,558 at 6%.
2018169$5,602,108$476,057$6,899iApproximate average salary by contribution assumption: employee only about $172,484 at 4% or $114,990 at 6%; with 50% employer match about $114,990 at 4% or $76,660 at 6%; with 100% employer match about $86,242 at 4% or $57,495 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-69$5,602,108$476,057$6,899iApproximate average salary by contribution assumption: employee only about $172,484 at 4% or $114,990 at 6%; with 50% employer match about $114,990 at 4% or $76,660 at 6%; with 100% employer match about $86,242 at 4% or $57,495 at 6%.
2017168$6,119,586$460,771$6,776iApproximate average salary by contribution assumption: employee only about $169,401 at 4% or $112,934 at 6%; with 50% employer match about $112,934 at 4% or $75,289 at 6%; with 100% employer match about $84,701 at 4% or $56,467 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-68$6,119,586$460,771$6,776iApproximate average salary by contribution assumption: employee only about $169,401 at 4% or $112,934 at 6%; with 50% employer match about $112,934 at 4% or $75,289 at 6%; with 100% employer match about $84,701 at 4% or $56,467 at 6%.
2016167$5,070,722$454,540$6,784iApproximate average salary by contribution assumption: employee only about $169,604 at 4% or $113,070 at 6%; with 50% employer match about $113,070 at 4% or $75,380 at 6%; with 100% employer match about $84,802 at 4% or $56,535 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-67$5,070,722$454,540$6,784iApproximate average salary by contribution assumption: employee only about $169,604 at 4% or $113,070 at 6%; with 50% employer match about $113,070 at 4% or $75,380 at 6%; with 100% employer match about $84,802 at 4% or $56,535 at 6%.
2015168$4,651,081$521,917$7,675iApproximate average salary by contribution assumption: employee only about $191,881 at 4% or $127,921 at 6%; with 50% employer match about $127,921 at 4% or $85,281 at 6%; with 100% employer match about $95,941 at 4% or $63,960 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-68$4,651,081$521,917$7,675iApproximate average salary by contribution assumption: employee only about $191,881 at 4% or $127,921 at 6%; with 50% employer match about $127,921 at 4% or $85,281 at 6%; with 100% employer match about $95,941 at 4% or $63,960 at 6%.
2014140$2,817,254$267,936$6,698iApproximate average salary by contribution assumption: employee only about $167,460 at 4% or $111,640 at 6%; with 50% employer match about $111,640 at 4% or $74,427 at 6%; with 100% employer match about $83,730 at 4% or $55,820 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-40$2,817,254$267,936$6,698iApproximate average salary by contribution assumption: employee only about $167,460 at 4% or $111,640 at 6%; with 50% employer match about $111,640 at 4% or $74,427 at 6%; with 100% employer match about $83,730 at 4% or $55,820 at 6%.
2013140$2,607,570$268,135$6,703iApproximate average salary by contribution assumption: employee only about $167,584 at 4% or $111,723 at 6%; with 50% employer match about $111,723 at 4% or $74,482 at 6%; with 100% employer match about $83,792 at 4% or $55,861 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-40$2,607,570$268,135$6,703iApproximate average salary by contribution assumption: employee only about $167,584 at 4% or $111,723 at 6%; with 50% employer match about $111,723 at 4% or $74,482 at 6%; with 100% employer match about $83,792 at 4% or $55,861 at 6%.
2012141$2,031,501$255,649$6,235iApproximate average salary by contribution assumption: employee only about $155,884 at 4% or $103,922 at 6%; with 50% employer match about $103,922 at 4% or $69,282 at 6%; with 100% employer match about $77,942 at 4% or $51,961 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-41$2,031,501$255,649$6,235iApproximate average salary by contribution assumption: employee only about $155,884 at 4% or $103,922 at 6%; with 50% employer match about $103,922 at 4% or $69,282 at 6%; with 100% employer match about $77,942 at 4% or $51,961 at 6%.
2011143$1,619,361$239,025$5,559iApproximate average salary by contribution assumption: employee only about $138,968 at 4% or $92,645 at 6%; with 50% employer match about $92,645 at 4% or $61,764 at 6%; with 100% employer match about $69,484 at 4% or $46,323 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-43$1,619,361$239,025$5,559iApproximate average salary by contribution assumption: employee only about $138,968 at 4% or $92,645 at 6%; with 50% employer match about $92,645 at 4% or $61,764 at 6%; with 100% employer match about $69,484 at 4% or $46,323 at 6%.
2010146$1,566,353$192,634$4,188iApproximate average salary by contribution assumption: employee only about $104,692 at 4% or $69,795 at 6%; with 50% employer match about $69,795 at 4% or $46,530 at 6%; with 100% employer match about $52,346 at 4% or $34,897 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-46$1,566,353$192,634$4,188iApproximate average salary by contribution assumption: employee only about $104,692 at 4% or $69,795 at 6%; with 50% employer match about $69,795 at 4% or $46,530 at 6%; with 100% employer match about $52,346 at 4% or $34,897 at 6%.
2009133$1,212,419$181,845$5,510iApproximate average salary by contribution assumption: employee only about $137,761 at 4% or $91,841 at 6%; with 50% employer match about $91,841 at 4% or $61,227 at 6%; with 100% employer match about $68,881 at 4% or $45,920 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-33$1,212,419$181,845$5,510iApproximate average salary by contribution assumption: employee only about $137,761 at 4% or $91,841 at 6%; with 50% employer match about $91,841 at 4% or $61,227 at 6%; with 100% employer match about $68,881 at 4% or $45,920 at 6%.
2008129$819,340$161,462$5,568iApproximate average salary by contribution assumption: employee only about $139,191 at 4% or $92,794 at 6%; with 50% employer match about $92,794 at 4% or $61,863 at 6%; with 100% employer match about $69,596 at 4% or $46,397 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-29$819,340$161,462$5,568iApproximate average salary by contribution assumption: employee only about $139,191 at 4% or $92,794 at 6%; with 50% employer match about $92,794 at 4% or $61,863 at 6%; with 100% employer match about $69,596 at 4% or $46,397 at 6%.
2007124$0$0-
Independent Bancshares Inc. Safe Harbor 401(K) Plan-24---
2006123$764,442$149,114$6,483iApproximate average salary by contribution assumption: employee only about $162,080 at 4% or $108,054 at 6%; with 50% employer match about $108,054 at 4% or $72,036 at 6%; with 100% employer match about $81,040 at 4% or $54,027 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-23$764,442$149,114$6,483iApproximate average salary by contribution assumption: employee only about $162,080 at 4% or $108,054 at 6%; with 50% employer match about $108,054 at 4% or $72,036 at 6%; with 100% employer match about $81,040 at 4% or $54,027 at 6%.
2005124$616,896$137,175$5,716iApproximate average salary by contribution assumption: employee only about $142,891 at 4% or $95,260 at 6%; with 50% employer match about $95,260 at 4% or $63,507 at 6%; with 100% employer match about $71,445 at 4% or $47,630 at 6%.
Independent Bancshares Inc. Safe Harbor 401(K) Plan-24$616,896$137,175$5,716iApproximate average salary by contribution assumption: employee only about $142,891 at 4% or $95,260 at 6%; with 50% employer match about $95,260 at 4% or $63,507 at 6%; with 100% employer match about $71,445 at 4% or $47,630 at 6%.