Civic Intelligence

Independence Bancshares Inc.

Plan context: Independence Bancshares Inc. 401(K) Profit Sharing Plan

EIN 42-1191386 • Independence, IA • 14 filings • 2 plans

231 First Street EastIndependence, IA 50644
Current Snapshot

Latest Year

2025

2025 Participants

49

2025 Assets

$17,348,551

2025 Contributions

$641,014

Historical Graphs

Total Assets Over Time

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

$17,348,551$8,674,276$0201220192025YearValue
$17,348,551Latest year 2025

Participants Over Time

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

55280201220192025YearValue
49Latest year 2025

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
2025149$17,348,551$641,014$13,082iApproximate average salary by contribution assumption: employee only about $327,048 at 4% or $218,032 at 6%; with 50% employer match about $218,032 at 4% or $145,355 at 6%; with 100% employer match about $163,524 at 4% or $109,016 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-49$17,348,551$641,014$13,082iApproximate average salary by contribution assumption: employee only about $327,048 at 4% or $218,032 at 6%; with 50% employer match about $218,032 at 4% or $145,355 at 6%; with 100% employer match about $163,524 at 4% or $109,016 at 6%.
2024147$14,210,193$573,161$12,195iApproximate average salary by contribution assumption: employee only about $304,873 at 4% or $203,249 at 6%; with 50% employer match about $203,249 at 4% or $135,499 at 6%; with 100% employer match about $152,436 at 4% or $101,624 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-47$14,210,193$573,161$12,195iApproximate average salary by contribution assumption: employee only about $304,873 at 4% or $203,249 at 6%; with 50% employer match about $203,249 at 4% or $135,499 at 6%; with 100% employer match about $152,436 at 4% or $101,624 at 6%.
2023147$12,298,993$722,208$15,366iApproximate average salary by contribution assumption: employee only about $384,153 at 4% or $256,102 at 6%; with 50% employer match about $256,102 at 4% or $170,735 at 6%; with 100% employer match about $192,077 at 4% or $128,051 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-47$12,298,993$722,208$15,366iApproximate average salary by contribution assumption: employee only about $384,153 at 4% or $256,102 at 6%; with 50% employer match about $256,102 at 4% or $170,735 at 6%; with 100% employer match about $192,077 at 4% or $128,051 at 6%.
2022154$10,537,706$792,161$14,670iApproximate average salary by contribution assumption: employee only about $366,741 at 4% or $244,494 at 6%; with 50% employer match about $244,494 at 4% or $162,996 at 6%; with 100% employer match about $183,371 at 4% or $122,247 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-54$10,537,706$792,161$14,670iApproximate average salary by contribution assumption: employee only about $366,741 at 4% or $244,494 at 6%; with 50% employer match about $244,494 at 4% or $162,996 at 6%; with 100% employer match about $183,371 at 4% or $122,247 at 6%.
2021155$13,181,540$857,862$15,597iApproximate average salary by contribution assumption: employee only about $389,937 at 4% or $259,958 at 6%; with 50% employer match about $259,958 at 4% or $173,305 at 6%; with 100% employer match about $194,969 at 4% or $129,979 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-55$13,181,540$857,862$15,597iApproximate average salary by contribution assumption: employee only about $389,937 at 4% or $259,958 at 6%; with 50% employer match about $259,958 at 4% or $173,305 at 6%; with 100% employer match about $194,969 at 4% or $129,979 at 6%.
2020144$10,776,381$537,911$12,225iApproximate average salary by contribution assumption: employee only about $305,631 at 4% or $203,754 at 6%; with 50% employer match about $203,754 at 4% or $135,836 at 6%; with 100% employer match about $152,816 at 4% or $101,877 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-44$10,776,381$537,911$12,225iApproximate average salary by contribution assumption: employee only about $305,631 at 4% or $203,754 at 6%; with 50% employer match about $203,754 at 4% or $135,836 at 6%; with 100% employer match about $152,816 at 4% or $101,877 at 6%.
2019143$8,087,516$481,979$11,209iApproximate average salary by contribution assumption: employee only about $280,220 at 4% or $186,814 at 6%; with 50% employer match about $186,814 at 4% or $124,542 at 6%; with 100% employer match about $140,110 at 4% or $93,407 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-43$8,087,516$481,979$11,209iApproximate average salary by contribution assumption: employee only about $280,220 at 4% or $186,814 at 6%; with 50% employer match about $186,814 at 4% or $124,542 at 6%; with 100% employer match about $140,110 at 4% or $93,407 at 6%.
2018144$7,230,815$481,613$10,946iApproximate average salary by contribution assumption: employee only about $273,644 at 4% or $182,429 at 6%; with 50% employer match about $182,429 at 4% or $121,619 at 6%; with 100% employer match about $136,822 at 4% or $91,215 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-44$7,230,815$481,613$10,946iApproximate average salary by contribution assumption: employee only about $273,644 at 4% or $182,429 at 6%; with 50% employer match about $182,429 at 4% or $121,619 at 6%; with 100% employer match about $136,822 at 4% or $91,215 at 6%.
2017145$7,828,932$478,295$10,629iApproximate average salary by contribution assumption: employee only about $265,719 at 4% or $177,146 at 6%; with 50% employer match about $177,146 at 4% or $118,098 at 6%; with 100% employer match about $132,860 at 4% or $88,573 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-45$7,828,932$478,295$10,629iApproximate average salary by contribution assumption: employee only about $265,719 at 4% or $177,146 at 6%; with 50% employer match about $177,146 at 4% or $118,098 at 6%; with 100% employer match about $132,860 at 4% or $88,573 at 6%.
2016143$6,076,093$466,165$10,841iApproximate average salary by contribution assumption: employee only about $271,026 at 4% or $180,684 at 6%; with 50% employer match about $180,684 at 4% or $120,456 at 6%; with 100% employer match about $135,513 at 4% or $90,342 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-43$6,076,093$466,165$10,841iApproximate average salary by contribution assumption: employee only about $271,026 at 4% or $180,684 at 6%; with 50% employer match about $180,684 at 4% or $120,456 at 6%; with 100% employer match about $135,513 at 4% or $90,342 at 6%.
2015144$5,279,385$451,305$10,257iApproximate average salary by contribution assumption: employee only about $256,423 at 4% or $170,949 at 6%; with 50% employer match about $170,949 at 4% or $113,966 at 6%; with 100% employer match about $128,212 at 4% or $85,474 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-44$5,279,385$451,305$10,257iApproximate average salary by contribution assumption: employee only about $256,423 at 4% or $170,949 at 6%; with 50% employer match about $170,949 at 4% or $113,966 at 6%; with 100% employer match about $128,212 at 4% or $85,474 at 6%.
2014148$5,532,972$456,048$9,501iApproximate average salary by contribution assumption: employee only about $237,525 at 4% or $158,350 at 6%; with 50% employer match about $158,350 at 4% or $105,567 at 6%; with 100% employer match about $118,763 at 4% or $79,175 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-48$5,532,972$456,048$9,501iApproximate average salary by contribution assumption: employee only about $237,525 at 4% or $158,350 at 6%; with 50% employer match about $158,350 at 4% or $105,567 at 6%; with 100% employer match about $118,763 at 4% or $79,175 at 6%.
2013148$4,752,531$446,535$9,303iApproximate average salary by contribution assumption: employee only about $232,570 at 4% or $155,047 at 6%; with 50% employer match about $155,047 at 4% or $103,365 at 6%; with 100% employer match about $116,285 at 4% or $77,523 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-48$4,752,531$446,535$9,303iApproximate average salary by contribution assumption: employee only about $232,570 at 4% or $155,047 at 6%; with 50% employer match about $155,047 at 4% or $103,365 at 6%; with 100% employer match about $116,285 at 4% or $77,523 at 6%.
2012147$3,344,974$413,000$8,787iApproximate average salary by contribution assumption: employee only about $219,681 at 4% or $146,454 at 6%; with 50% employer match about $146,454 at 4% or $97,636 at 6%; with 100% employer match about $109,840 at 4% or $73,227 at 6%.
Independence Bancshares Inc. 401(K) Profit Sharing Plan-47$3,344,974$413,000$8,787iApproximate average salary by contribution assumption: employee only about $219,681 at 4% or $146,454 at 6%; with 50% employer match about $146,454 at 4% or $97,636 at 6%; with 100% employer match about $109,840 at 4% or $73,227 at 6%.