Logo

INDEPENDENT BANK OF TEXAS 401(K) PLAN 401k Plan overview

Plan NameINDEPENDENT BANK OF TEXAS 401(K) PLAN
Plan identification number 001

INDEPENDENT BANK OF TEXAS 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

INDEPENDENT BANK OF TEXAS has sponsored the creation of one or more 401k plans.

Company Name:INDEPENDENT BANK OF TEXAS
Employer identification number (EIN):320049425
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INDEPENDENT BANK OF TEXAS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012009-01-01PHILLIP M. STANDLEY

Plan Statistics for INDEPENDENT BANK OF TEXAS 401(K) PLAN

401k plan membership statisitcs for INDEPENDENT BANK OF TEXAS 401(K) PLAN

Measure Date Value
2009: INDEPENDENT BANK OF TEXAS 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0122
Total number of active participants reported on line 7a of the Form 55002009-01-0117
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-012
Total of all active and inactive participants2009-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0119
Number of participants with account balances2009-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on INDEPENDENT BANK OF TEXAS 401(K) PLAN

Measure Date Value
2010 : INDEPENDENT BANK OF TEXAS 401(K) PLAN 2010 401k financial data
Transfers to/from the plan2010-02-28$-365,875
Total income from all sources2010-02-28$2,116
Expenses. Total of all expenses incurred2010-02-28$19
Total plan assets at end of year2010-02-28$0
Total plan assets at beginning of year2010-02-28$363,778
Value of fidelity bond covering the plan2010-02-28$37,000
Total contributions received or receivable from participants2010-02-28$1,072
Other income received2010-02-28$185
Net income (gross income less expenses)2010-02-28$2,097
Net plan assets at end of year (total assets less liabilities)2010-02-28$0
Net plan assets at beginning of year (total assets less liabilities)2010-02-28$363,778
Total contributions received or receivable from employer(s)2010-02-28$859
Value of certain deemed distributions of participant loans2010-02-28$19
2009 : INDEPENDENT BANK OF TEXAS 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for INDEPENDENT BANK OF TEXAS 401(K) PLAN

2009: INDEPENDENT BANK OF TEXAS 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1