401k Plan data: INDEPENDENT BANK 401(K) PLAN plan

INDEPENDENT BANK 401(K) PLAN 401k Plan overview

Plan Name	INDEPENDENT BANK 401(K) PLAN
Plan identification number	001

INDEPENDENT BANK 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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 has sponsored the creation of one or more 401k plans.

Company Name: INDEPENDENT BANK

Employer identification number (EIN): 621730963

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about INDEPENDENT BANK

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 1976-05-27

Company Identification Number: 0167032

Legal Registered Office Address: 8751 SUDLEY ROAD

MANASSAS
United States of America (USA)
22110

More information about INDEPENDENT BANK

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 ANTOINETTE STORY 2023-10-12 ANTOINETTE STORY 2023-10-12
001 2021-01-01 ANTOINETTE STORY 2022-10-05 ANTOINETTE STORY 2022-10-05
001 2020-01-01 ANTOINETTE STORY 2021-10-13 ANTOINETTE STORY 2021-10-13
001 2019-01-01
001 2018-01-01
001 2017-01-01 ANTOINETTE WISEMAN ANTOINETTE WISEMAN 2018-07-27
001 2016-01-01 ANTOINETTE WISEMAN ANTOINETTE WISEMAN 2017-10-16
001 2015-01-01 HUGH STEPHENS

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	ANTOINETTE STORY	2023-10-12	ANTOINETTE STORY	2023-10-12
001	2021-01-01	ANTOINETTE STORY	2022-10-05	ANTOINETTE STORY	2022-10-05
001	2020-01-01	ANTOINETTE STORY	2021-10-13	ANTOINETTE STORY	2021-10-13
001	2019-01-01
001	2018-01-01
001	2017-01-01	ANTOINETTE WISEMAN		ANTOINETTE WISEMAN	2018-07-27
001	2016-01-01	ANTOINETTE WISEMAN		ANTOINETTE WISEMAN	2017-10-16
001	2015-01-01	HUGH STEPHENS

Plan Statistics for INDEPENDENT BANK 401(K) PLAN

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

Measure Date Value
2022: INDEPENDENT BANK 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 261
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 240
Number of retired or separated participants receiving benefits 2022-01-01 9
Number of other retired or separated participants entitled to future benefits 2022-01-01 34
Total of all active and inactive participants 2022-01-01 283
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 2
Total participants 2022-01-01 285
Number of participants with account balances 2022-01-01 241
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 25
2021: INDEPENDENT BANK 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 247
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 231
Number of retired or separated participants receiving benefits 2021-01-01 3
Number of other retired or separated participants entitled to future benefits 2021-01-01 27
Total of all active and inactive participants 2021-01-01 261
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 261
Number of participants with account balances 2021-01-01 227
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 21
2020: INDEPENDENT BANK 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 217
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 219
Number of retired or separated participants receiving benefits 2020-01-01 1
Number of other retired or separated participants entitled to future benefits 2020-01-01 24
Total of all active and inactive participants 2020-01-01 244
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 244
Number of participants with account balances 2020-01-01 203
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 7
2019: INDEPENDENT BANK 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 263
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 215
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 28
Total of all active and inactive participants 2019-01-01 243
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 1
Total participants 2019-01-01 244
Number of participants with account balances 2019-01-01 201
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 15
2018: INDEPENDENT BANK 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 249
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 217
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 43
Total of all active and inactive participants 2018-01-01 260
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 1
Total participants 2018-01-01 261
Number of participants with account balances 2018-01-01 220
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 13
2017: INDEPENDENT BANK 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 242
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 213
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 36
Total of all active and inactive participants 2017-01-01 249
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 1
Total participants 2017-01-01 250
Number of participants with account balances 2017-01-01 210
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 7
2016: INDEPENDENT BANK 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 240
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 205
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 36
Total of all active and inactive participants 2016-01-01 241
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 1
Total participants 2016-01-01 242
Number of participants with account balances 2016-01-01 198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 6
2015: INDEPENDENT BANK 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 235
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 205
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 32
Total of all active and inactive participants 2015-01-01 237
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 237
Number of participants with account balances 2015-01-01 198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 4

Measure	Date	Value
2022: INDEPENDENT BANK 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	261
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	240
Number of retired or separated participants receiving benefits	2022-01-01	9
Number of other retired or separated participants entitled to future benefits	2022-01-01	34
Total of all active and inactive participants	2022-01-01	283
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	2
Total participants	2022-01-01	285
Number of participants with account balances	2022-01-01	241
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	25
2021: INDEPENDENT BANK 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	247
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	231
Number of retired or separated participants receiving benefits	2021-01-01	3
Number of other retired or separated participants entitled to future benefits	2021-01-01	27
Total of all active and inactive participants	2021-01-01	261
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	261
Number of participants with account balances	2021-01-01	227
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	21
2020: INDEPENDENT BANK 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	217
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	219
Number of retired or separated participants receiving benefits	2020-01-01	1
Number of other retired or separated participants entitled to future benefits	2020-01-01	24
Total of all active and inactive participants	2020-01-01	244
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	244
Number of participants with account balances	2020-01-01	203
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	7
2019: INDEPENDENT BANK 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	263
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	215
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	28
Total of all active and inactive participants	2019-01-01	243
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	1
Total participants	2019-01-01	244
Number of participants with account balances	2019-01-01	201
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	15
2018: INDEPENDENT BANK 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	249
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	217
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	43
Total of all active and inactive participants	2018-01-01	260
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	1
Total participants	2018-01-01	261
Number of participants with account balances	2018-01-01	220
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	13
2017: INDEPENDENT BANK 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	242
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	213
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	36
Total of all active and inactive participants	2017-01-01	249
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	1
Total participants	2017-01-01	250
Number of participants with account balances	2017-01-01	210
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	7
2016: INDEPENDENT BANK 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	240
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	205
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	36
Total of all active and inactive participants	2016-01-01	241
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	1
Total participants	2016-01-01	242
Number of participants with account balances	2016-01-01	198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	6
2015: INDEPENDENT BANK 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	235
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	205
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	32
Total of all active and inactive participants	2015-01-01	237
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	237
Number of participants with account balances	2015-01-01	198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	4

Financial Data on INDEPENDENT BANK 401(K) PLAN

Measure	Date	Value
2022 : INDEPENDENT BANK 401(K) PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2022-12-31	$-3,432,164
Total unrealized appreciation/depreciation of assets	2022-12-31	$-3,432,164
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$13,649
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$31,554
Total income from all sources (including contributions)	2022-12-31	$-1,719,600
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$1,466,225
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,400,329
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,700,788
Value of total assets at end of year	2022-12-31	$17,741,367
Value of total assets at beginning of year	2022-12-31	$20,945,097
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$65,896
Total interest from all sources	2022-12-31	$11,776
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$1,200,431
Participant contributions at end of year	2022-12-31	$239,927
Participant contributions at beginning of year	2022-12-31	$194,671
Participant contributions at end of year	2022-12-31	$42,092
Participant contributions at beginning of year	2022-12-31	$40,192
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$33,939
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$13,649
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$31,554
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-3,185,825
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$17,727,718
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$20,913,543
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$17,424,318
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$20,682,253
Interest on participant loans	2022-12-31	$11,776
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$5,464
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$3,491
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$3,491
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$466,418
Employer contributions (assets) at end of year	2022-12-31	$29,566
Employer contributions (assets) at beginning of year	2022-12-31	$24,490
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,400,329
Contract administrator fees	2022-12-31	$65,896
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	CULVER, PLLC
Accountancy firm EIN	2022-12-31	814628118
2021 : INDEPENDENT BANK 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$31,554
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$26,379
Total income from all sources (including contributions)	2021-12-31	$4,337,584
Total loss/gain on sale of assets	2021-12-31	$2,742,013
Total of all expenses incurred	2021-12-31	$2,939,358
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$2,888,745
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,580,970
Value of total assets at end of year	2021-12-31	$20,945,097
Value of total assets at beginning of year	2021-12-31	$19,541,696
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$50,613
Total interest from all sources	2021-12-31	$14,601
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$1,032,667
Participant contributions at end of year	2021-12-31	$194,671
Participant contributions at beginning of year	2021-12-31	$293,542
Participant contributions at end of year	2021-12-31	$40,192
Participant contributions at beginning of year	2021-12-31	$34,797
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$118,809
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$31,554
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$26,379
Administrative expenses (other) incurred	2021-12-31	$50,613
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$1,398,226
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$20,913,543
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$19,515,317
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$20,682,253
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$19,171,699
Interest on participant loans	2021-12-31	$14,601
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$3,491
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$12,315
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$12,315
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$429,494
Employer contributions (assets) at end of year	2021-12-31	$24,490
Employer contributions (assets) at beginning of year	2021-12-31	$29,343
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$2,888,745
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Aggregate proceeds on sale of assets	2021-12-31	$2,742,013
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	CULVER, PLLC
Accountancy firm EIN	2021-12-31	814628118
2020 : INDEPENDENT BANK 401(K) PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$2,593,080
Total unrealized appreciation/depreciation of assets	2020-12-31	$2,593,080
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$26,379
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$27,826
Total income from all sources (including contributions)	2020-12-31	$4,081,804
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$1,067,035
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$992,485
Value of total corrective distributions	2020-12-31	$26,379
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,470,098
Value of total assets at end of year	2020-12-31	$19,541,696
Value of total assets at beginning of year	2020-12-31	$16,528,374
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$48,171
Total interest from all sources	2020-12-31	$18,626
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$1,002,707
Participant contributions at end of year	2020-12-31	$293,542
Participant contributions at beginning of year	2020-12-31	$288,990
Participant contributions at end of year	2020-12-31	$34,797
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$77,890
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-12-31	$26,379
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$27,826
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$3,014,769
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$19,515,317
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$16,500,548
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$19,171,699
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$16,222,172
Interest on participant loans	2020-12-31	$18,626
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$12,315
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$10,425
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$10,425
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$389,501
Employer contributions (assets) at end of year	2020-12-31	$29,343
Employer contributions (assets) at beginning of year	2020-12-31	$6,787
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$992,485
Contract administrator fees	2020-12-31	$48,171
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	CULVER, PLLC
Accountancy firm EIN	2020-12-31	814628118
2019 : INDEPENDENT BANK 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$27,826
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$27,826
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$11,083
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$11,083
Total income from all sources (including contributions)	2019-12-31	$4,043,396
Total income from all sources (including contributions)	2019-12-31	$4,043,396
Total loss/gain on sale of assets	2019-12-31	$0
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$1,185,411
Total of all expenses incurred	2019-12-31	$1,185,411
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,112,747
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,112,747
Expenses. Certain deemed distributions of participant loans	2019-12-31	$4,906
Expenses. Certain deemed distributions of participant loans	2019-12-31	$4,906
Value of total corrective distributions	2019-12-31	$27,826
Value of total corrective distributions	2019-12-31	$27,826
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,371,105
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,371,105
Value of total assets at end of year	2019-12-31	$16,528,374
Value of total assets at end of year	2019-12-31	$16,528,374
Value of total assets at beginning of year	2019-12-31	$13,653,646
Value of total assets at beginning of year	2019-12-31	$13,653,646
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$39,932
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$39,932
Total interest from all sources	2019-12-31	$20,277
Total interest from all sources	2019-12-31	$20,277
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Was this plan covered by a fidelity bond	2019-12-31	Yes
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$3,000,000
Value of fidelity bond cover	2019-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$947,030
Contributions received from participants	2019-12-31	$947,030
Participant contributions at end of year	2019-12-31	$288,990
Participant contributions at end of year	2019-12-31	$288,990
Participant contributions at beginning of year	2019-12-31	$338,931
Participant contributions at beginning of year	2019-12-31	$338,931
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$68,951
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$68,951
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$27,826
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$27,826
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-12-31	$11,083
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-12-31	$11,083
Total non interest bearing cash at beginning of year	2019-12-31	$0
Total non interest bearing cash at beginning of year	2019-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$2,857,985
Value of net income/loss	2019-12-31	$2,857,985
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$16,500,548
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$16,500,548
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$13,642,563
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$13,642,563
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$16,222,172
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$13,303,307
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$13,303,307
Interest on participant loans	2019-12-31	$20,277
Interest on participant loans	2019-12-31	$20,277
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$10,425
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$10,425
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$10,388
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$10,388
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$10,388
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$10,388
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$2,652,014
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$2,652,014
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$355,124
Contributions received in cash from employer	2019-12-31	$355,124
Employer contributions (assets) at end of year	2019-12-31	$6,787
Employer contributions (assets) at end of year	2019-12-31	$6,787
Employer contributions (assets) at beginning of year	2019-12-31	$1,020
Employer contributions (assets) at beginning of year	2019-12-31	$1,020
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,112,747
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,112,747
Contract administrator fees	2019-12-31	$39,932
Contract administrator fees	2019-12-31	$39,932
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	CULVER, PLLC
Accountancy firm name	2019-12-31	CULVER, PLLC
Accountancy firm EIN	2019-12-31	814628118
Accountancy firm EIN	2019-12-31	814628118
2018 : INDEPENDENT BANK 401(K) PLAN 2018 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$11,083
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$12,683
Expenses. Interest paid	2018-12-31	$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2018-12-31	$0
Total income from all sources (including contributions)	2018-12-31	$534,497
Total of all expenses incurred	2018-12-31	$906,728
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$882,417
Expenses. Certain deemed distributions of participant loans	2018-12-31	$8,407
Value of total corrective distributions	2018-12-31	$11,083
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$1,275,975
Value of total assets at end of year	2018-12-31	$13,653,646
Value of total assets at beginning of year	2018-12-31	$14,027,477
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$4,821
Total interest from all sources	2018-12-31	$17,016
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2018-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$915,279
Participant contributions at end of year	2018-12-31	$338,931
Participant contributions at beginning of year	2018-12-31	$267,950
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$14,218
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2018-12-31	$11,083
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2018-12-31	$12,683
Administrative expenses (other) incurred	2018-12-31	$3,120
Total non interest bearing cash at end of year	2018-12-31	$0
Total non interest bearing cash at beginning of year	2018-12-31	$3,316
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-372,231
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$13,642,563
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$14,014,794
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$13,303,307
Value of interest in pooled separate accounts at beginning of year	2018-12-31	$13,749,609
Interest on participant loans	2018-12-31	$17,016
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$10,388
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-758,494
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$346,478
Employer contributions (assets) at end of year	2018-12-31	$1,020
Employer contributions (assets) at beginning of year	2018-12-31	$6,602
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$882,417
Contract administrator fees	2018-12-31	$1,701
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2018-12-31	Yes
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	CULVER, PLLC
Accountancy firm EIN	2018-12-31	814628118
2017 : INDEPENDENT BANK 401(K) PLAN 2017 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$12,683
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$4,003
Total income from all sources (including contributions)	2017-12-31	$3,097,158
Total of all expenses incurred	2017-12-31	$748,190
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$730,668
Value of total corrective distributions	2017-12-31	$12,683
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$1,147,675
Value of total assets at end of year	2017-12-31	$14,027,477
Value of total assets at beginning of year	2017-12-31	$11,669,829
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$4,839
Total interest from all sources	2017-12-31	$15,638
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$823,228
Participant contributions at end of year	2017-12-31	$267,950
Participant contributions at beginning of year	2017-12-31	$261,236
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$2,627
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2017-12-31	$12,683
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2017-12-31	$4,003
Administrative expenses (other) incurred	2017-12-31	$3,360
Total non interest bearing cash at end of year	2017-12-31	$3,316
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$2,348,968
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$14,014,794
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$11,665,826
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in pooled separate accounts at end of year	2017-12-31	$13,749,609
Value of interest in pooled separate accounts at beginning of year	2017-12-31	$11,402,494
Interest on participant loans	2017-12-31	$15,638
Net investment gain/loss from pooled separate accounts	2017-12-31	$1,933,845
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$321,820
Employer contributions (assets) at end of year	2017-12-31	$6,602
Employer contributions (assets) at beginning of year	2017-12-31	$6,099
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$730,668
Contract administrator fees	2017-12-31	$1,479
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	CULVER, PLLC
Accountancy firm EIN	2017-12-31	814628118
2016 : INDEPENDENT BANK 401(K) PLAN 2016 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$4,003
Total income from all sources (including contributions)	2016-12-31	$1,833,376
Total of all expenses incurred	2016-12-31	$623,779
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$616,928
Value of total corrective distributions	2016-12-31	$4,003
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$1,121,789
Value of total assets at end of year	2016-12-31	$11,669,829
Value of total assets at beginning of year	2016-12-31	$10,456,229
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$2,848
Total interest from all sources	2016-12-31	$14,555
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Administrative expenses professional fees incurred	2016-12-31	$1,855
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$807,438
Participant contributions at end of year	2016-12-31	$261,236
Participant contributions at beginning of year	2016-12-31	$299,640
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2016-12-31	$4,003
Other income not declared elsewhere	2016-12-31	$25,537
Total non interest bearing cash at beginning of year	2016-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$1,209,597
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$11,665,826
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$10,456,229
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in pooled separate accounts at end of year	2016-12-31	$11,402,494
Value of interest in pooled separate accounts at beginning of year	2016-12-31	$10,148,144
Interest on participant loans	2016-12-31	$14,555
Net investment gain/loss from pooled separate accounts	2016-12-31	$671,495
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$314,351
Employer contributions (assets) at end of year	2016-12-31	$6,099
Employer contributions (assets) at beginning of year	2016-12-31	$8,445
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$616,928
Contract administrator fees	2016-12-31	$993
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	CULVER, PLLC
Accountancy firm EIN	2016-12-31	814628118
2015 : INDEPENDENT BANK 401(K) PLAN 2015 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$2,250
Total income from all sources (including contributions)	2015-12-31	$1,147,671
Total of all expenses incurred	2015-12-31	$732,103
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$728,166
Value of total corrective distributions	2015-12-31	$920
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$1,300,742
Value of total assets at end of year	2015-12-31	$10,456,229
Value of total assets at beginning of year	2015-12-31	$10,042,911
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$3,017
Total interest from all sources	2015-12-31	$15,104
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Administrative expenses professional fees incurred	2015-12-31	$2,075
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$500,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$820,173
Participant contributions at end of year	2015-12-31	$299,640
Participant contributions at beginning of year	2015-12-31	$251,348
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$110,120
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2015-12-31	$2,250
Other income not declared elsewhere	2015-12-31	$25,615
Administrative expenses (other) incurred	2015-12-31	$132
Total non interest bearing cash at end of year	2015-12-31	$0
Total non interest bearing cash at beginning of year	2015-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$415,568
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$10,456,229
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$10,040,661
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in pooled separate accounts at end of year	2015-12-31	$10,148,144
Value of interest in pooled separate accounts at beginning of year	2015-12-31	$9,791,011
Interest on participant loans	2015-12-31	$15,104
Net investment gain/loss from pooled separate accounts	2015-12-31	$-193,790
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$370,449
Employer contributions (assets) at end of year	2015-12-31	$8,445
Employer contributions (assets) at beginning of year	2015-12-31	$552
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$728,166
Contract administrator fees	2015-12-31	$810
Did the plan have assets held for investment	2015-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	REYNOLDS BONE AND GRIESBECK PLC
Accountancy firm EIN	2015-12-31	620428728

Form 5500 Responses for INDEPENDENT BANK 401(K) PLAN

2022: INDEPENDENT BANK 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: INDEPENDENT BANK 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: INDEPENDENT BANK 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: INDEPENDENT BANK 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: INDEPENDENT BANK 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: INDEPENDENT BANK 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: INDEPENDENT BANK 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: INDEPENDENT BANK 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement – Insurance	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

100260

Policy instance

Insurance contract or identification number	100260
Insurance policy start date	2018-01-01
Insurance policy end date	2018-12-31
Total amount of commissions paid to insurance broker	USD $5,952
Total amount of fees paid to insurance company	USD $3,120
Commission paid to Insurance Broker	USD $5,952
Amount paid for insurance broker fees	3120
Insurance broker organization code?	5

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

100260

Policy instance

Insurance contract or identification number	100260
Number of Individuals Covered	213
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $6,366
Total amount of fees paid to insurance company	USD $3,360
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Commission paid to Insurance Broker	USD $6,366
Amount paid for insurance broker fees	3360
Insurance broker organization code?	5
Insurance broker name	ELLIS BENEFITS GROUP, INC.

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

100260

Policy instance

Insurance contract or identification number	100260
Number of Individuals Covered	200
Insurance policy start date	2015-01-01
Insurance policy end date	2015-12-31
Total amount of commissions paid to insurance broker	USD $5,244
Total amount of fees paid to insurance company	USD $2,075
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Commission paid to Insurance Broker	USD $4,805
Amount paid for insurance broker fees	1750
Insurance broker organization code?	5
Insurance broker name	ELLIS BENEFITS GROUP, INC.

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Company Name:	INDEPENDENT BANK
Employer identification number (EIN):	621730963
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	1976-05-27
Company Identification Number:	0167032
Legal Registered Office Address:	8751 SUDLEY ROAD MANASSAS United States of America (USA) 22110