Plan Ledger DOL Form 5500 · updated monthly

International Bancshares Corporation401(k)

INTERNATIONAL BANCSHARES CORPORATION EMPLOYEES PROFIT SHARING PLAN AND TRUST · LAREDO, TX · plan year 2024

Employer contribution per participant · 2024
$2,538

International Bancshares Corporation's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $107,927,003 across 1,757 participant accounts, with employer contributions averaging $2,538 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other management of companies employers. By assets it is the 618th-largest of 5,688 plans among Texas employers on file, and the 194th of 786 in management of companies. In 2024, the employer put in $1.50 for every $1.00 employees contributed themselves; active participation has grown from 1,490 to 1,757 since 2022.

Plan summary
Net assets, end of year$107,927,003
Participants with balances1,757
Active participants1,757
Employer contributions$4,460,000
Employee contributions$2,967,307
Employer contribution per active participant$2,538
Average account balance$61,427
Benefits paid to participants$7,064,023
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$107.9M · 1,757 accts · $4.5M emplr
2023$100.6M · 1,605 accts · $4.0M emplr
2022$97.5M · 1,490 accts · $4.3M emplr
The International Bancshares Corporation 401(k) match · 2024
Employer contribution per active participant$2,538
Median for plans this size$3,635
2024$2,538 per active participant
2023$2,499 per active participant
2022$2,886 per active participant

International Bancshares Corporation's 2024 employer contribution ran below the $3,635 median for plans its size. 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022$170,354 · 0.16%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 742157138 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.