Department of Labor filing

INDEPENDENT BANKERS FINANCIAL CORPORATION

TIB EMPLOYEE SAVINGS PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 14, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

63filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$4,546

Reported employer contributions per active participant.

Higher than about 81% of comparable plans

#People in the filing

239

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$273 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 21% of comparable plans

↗Investment performance

Not available

Plan assets changed 12.5%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202463out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions81st percentileTypical peer $2,225 · based on 264 comparable plans

Lower reported administrative expense21st percentileTypical peer $140 · based on 273 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, INDEPENDENT BANKERS FINANCIAL CORPORATION reported $1,086,442 in employer contributions across the plan and 239 active participants. That works out to $4,546 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy81%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 4.8%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 44.0%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context63/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $1,086,442
Participant contributions: $1,934,556
Other contributions: $158,104
Employer share of reported contributions: 36.0%
Beginning assets: $68,045,237
Ending assets: $76,525,222
Ending net assets: $76,525,222
Ending liabilities: $0
Total income: $16,288,887
Total expenses: $7,808,902
Administrative expenses: $79,198
Participant loans: $732,549

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$4,774

2023

$4,645

2024

$4,546

Plan-paid administrative expenses per participant

2022

$190

2023

$254

2024

$273

Active participants

2022

249

2023

236

2024

239

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$4,546	239	76.5M	20251014135229NAL0001456451001
2023	$4,645	236	68M	20240925103030NAL0028815362001
2022	$4,774	249	60.4M	20231012165631NAL0020880611001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.0%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 751892487-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1984
Industry: Management of companies
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2F2G2J2K2S2T2E3D2R

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
FIDELITY INVESTMENTS INSTITUTIONAL	2024	Not reported	unknown

Current plan terms

Help fill the gap the filing leaves.

If you have a current SPD, fee disclosure, or enrollment guide, you can share it with us. We check the source and date before adding anything to the profile.

Share a document →

Filing ACK_ID20251014135229NAL0001456451001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗