Independence Bancshares, Inc.401(k) + ESOP (KSOP)
INDEPENDENCE BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS) · OWENSBORO, KY · plan year 2022
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Independence Bancshares, Inc. reported $139,612 in plan administrative expenses for 2022: 0.15% of average plan assets, above the peer median. Employer contributions averaged $1,705 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 3 years on file its reported administrative ratio has held roughly steady near 0.151%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other finance & insurance employers. By assets it is the 97th-largest of 871 plans among Kentucky employers on file, and the 1,109th of 4,798 in finance & insurance. In 2022, employees put in $3.21 for every $1.00 the employer contributed.
Independence Bancshares, Inc.'s 2022 employer contribution ran below the $3,449 median for plans its size, in the bottom 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 610955447 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.