Plan Ledger DOL Form 5500 · updated monthly

Inbankshares, Corp401(k) + ESOP (KSOP)

INBANK 401(K) AND ESOP RETIREMENT PLAN · GREENWOOD VILLAGE, CO · plan year 2023

Reported admin expense ratio · 2023
0.61%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Inbankshares, Corp reported $43,800 in plan administrative expenses for 2023: 0.61% of average plan assets, above the peer median. Employer contributions averaged $3,485 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.53% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Colorado (878th of 1,461), and 4,171st of 4,798 in finance & insurance. In 2023, employees put in $1.83 for every $1.00 the employer contributed; active participation has grown from 139 to 154 since 2022.

Plan summary
Net assets, end of year$7,990,620
Participants with balances181
Active participants154
Employer contributions$536,660
Employee contributions$981,106
Employer contribution per active participant$3,485
Average account balance$44,147
Benefits paid to participants$1,506,287
Plan auditUnmodified (clean) audit opinion
AuditorFORTNER BAYENS, PC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $136K emplr
2023$8.0M · 181 accts · $537K emplr
2022$6.5M · 155 accts · $410K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$43,800
Total administrative$43,800
The Inbankshares, Corp 401(k) match · 2023
Employer contribution per active participant$3,485
Median for plans this size$1,308
2023$3,485 per active participant
2022$2,949 per active participant

Inbankshares, Corp's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$43,800

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$43,800 · 0.61%
2022$36,687 · 0.53%
Similar plansFinance & Insurance · Colorado
Funding Circle USA, Inc. CO$12.6M · 0.16%
Aas Services, LLC CO$7.3M · 1.04%
Fleet Financial Inc. CO$4.4M · 0.96%
Loan Simple CO$4.0M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 815377409 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.