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): 621730983

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 2023-01-01 HUGH STEPHENS 2024-10-14 HUGH STEPHENS 2024-10-14
001 2014-01-01 HUGH STEPHENS HUGH STEPHENS 2015-10-06
001 2013-01-01 HUGH STEPHENS HUGH STEPHENS 2014-10-03
001 2012-01-01 WILLIAM BUTLER WILLIAM BUTLER 2013-10-11
001 2011-01-01 WILLIAM BUTLER WILLIAM BUTLER 2012-10-15
001 2010-01-01 WILLIAM BUTLER WILLIAM BUTLER 2011-10-12
001 2009-01-01 WILLIAM BUTLER WILLIAM BUTLER 2010-10-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01	HUGH STEPHENS	2024-10-14	HUGH STEPHENS	2024-10-14
001	2014-01-01	HUGH STEPHENS		HUGH STEPHENS	2015-10-06
001	2013-01-01	HUGH STEPHENS		HUGH STEPHENS	2014-10-03
001	2012-01-01	WILLIAM BUTLER		WILLIAM BUTLER	2013-10-11
001	2011-01-01	WILLIAM BUTLER		WILLIAM BUTLER	2012-10-15
001	2010-01-01	WILLIAM BUTLER		WILLIAM BUTLER	2011-10-12
001	2009-01-01	WILLIAM BUTLER		WILLIAM BUTLER	2010-10-13

Plan Statistics for INDEPENDENT BANK 401(K) PLAN

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

Measure Date Value
2023: INDEPENDENT BANK 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 261
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 213
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 44
Total of all active and inactive participants 2023-01-01 257
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 1
Total participants 2023-01-01 258
Number of participants with account balances 2023-01-01 249
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 15
2014: INDEPENDENT BANK 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 205
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 210
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 21
Total of all active and inactive participants 2014-01-01 231
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 231
Number of participants with account balances 2014-01-01 188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 2
2013: INDEPENDENT BANK 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 190
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 186
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 15
Total of all active and inactive participants 2013-01-01 201
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 201
Number of participants with account balances 2013-01-01 154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 6
2012: INDEPENDENT BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 173
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 167
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 20
Total of all active and inactive participants 2012-01-01 187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 187
Number of participants with account balances 2012-01-01 140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 5
2011: INDEPENDENT BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 170
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 161
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 13
Total of all active and inactive participants 2011-01-01 174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 174
Number of participants with account balances 2011-01-01 130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 3
2010: INDEPENDENT BANK 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 141
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 129
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 9
Total of all active and inactive participants 2010-01-01 138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 138
Number of participants with account balances 2010-01-01 85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 3
2009: INDEPENDENT BANK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 131
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 124
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 9
Total of all active and inactive participants 2009-01-01 133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 133
Number of participants with account balances 2009-01-01 81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 2

Measure	Date	Value
2023: INDEPENDENT BANK 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	261
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	213
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	44
Total of all active and inactive participants	2023-01-01	257
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	1
Total participants	2023-01-01	258
Number of participants with account balances	2023-01-01	249
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	15
2014: INDEPENDENT BANK 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	205
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	210
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	21
Total of all active and inactive participants	2014-01-01	231
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	231
Number of participants with account balances	2014-01-01	188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	2
2013: INDEPENDENT BANK 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	190
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	186
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	15
Total of all active and inactive participants	2013-01-01	201
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	201
Number of participants with account balances	2013-01-01	154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	6
2012: INDEPENDENT BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	173
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	167
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	20
Total of all active and inactive participants	2012-01-01	187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	187
Number of participants with account balances	2012-01-01	140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	5
2011: INDEPENDENT BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	170
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	161
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	13
Total of all active and inactive participants	2011-01-01	174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	174
Number of participants with account balances	2011-01-01	130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	3
2010: INDEPENDENT BANK 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	141
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	129
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	9
Total of all active and inactive participants	2010-01-01	138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	138
Number of participants with account balances	2010-01-01	85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	3
2009: INDEPENDENT BANK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	131
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	124
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	9
Total of all active and inactive participants	2009-01-01	133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	133
Number of participants with account balances	2009-01-01	81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	2

Financial Data on INDEPENDENT BANK 401(K) PLAN

Measure	Date	Value
2023 : INDEPENDENT BANK 401(K) PLAN 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2023-12-31	$3,000,142
Total unrealized appreciation/depreciation of assets	2023-12-31	$3,000,142
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$2,768
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$13,649
Total income from all sources (including contributions)	2023-12-31	$4,978,494
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$1,064,269
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$1,004,019
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$1,959,004
Value of total assets at end of year	2023-12-31	$21,644,711
Value of total assets at beginning of year	2023-12-31	$17,741,367
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$60,250
Total interest from all sources	2023-12-31	$19,348
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$1,386,031
Participant contributions at end of year	2023-12-31	$320,632
Participant contributions at beginning of year	2023-12-31	$239,927
Participant contributions at end of year	2023-12-31	$49,569
Participant contributions at beginning of year	2023-12-31	$42,092
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$48,276
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2023-12-31	$2,768
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2023-12-31	$13,649
Administrative expenses (other) incurred	2023-12-31	$60,250
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$3,914,225
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$21,641,943
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$17,727,718
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$21,226,608
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$17,424,318
Interest on participant loans	2023-12-31	$19,348
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2023-12-31	$1,639
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2023-12-31	$5,464
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2023-12-31	$5,464
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$524,697
Employer contributions (assets) at end of year	2023-12-31	$46,263
Employer contributions (assets) at beginning of year	2023-12-31	$29,566
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$1,004,019
Did the plan have assets held for investment	2023-12-31	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	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	CULVER, PLLC
Accountancy firm EIN	2023-12-31	814628118
2014 : INDEPENDENT BANK 401(K) PLAN 2014 401k financial data
Total transfer of assets to this plan	2014-12-31	$2,678,461
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$2,250
Total income from all sources (including contributions)	2014-12-31	$1,539,857
Total of all expenses incurred	2014-12-31	$130,581
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$125,935
Value of total corrective distributions	2014-12-31	$2,250
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$1,242,546
Value of total assets at end of year	2014-12-31	$10,042,911
Value of total assets at beginning of year	2014-12-31	$5,952,924
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$2,396
Total interest from all sources	2014-12-31	$8,982
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Administrative expenses professional fees incurred	2014-12-31	$1,600
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$500,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$693,897
Participant contributions at end of year	2014-12-31	$251,348
Participant contributions at beginning of year	2014-12-31	$90,848
Participant contributions at beginning of year	2014-12-31	$25
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$230,700
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2014-12-31	$2,250
Administrative expenses (other) incurred	2014-12-31	$130
Total non interest bearing cash at end of year	2014-12-31	$0
Total non interest bearing cash at beginning of year	2014-12-31	$2,408
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$1,409,276
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$10,040,661
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$5,952,924
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in pooled separate accounts at end of year	2014-12-31	$9,791,011
Value of interest in pooled separate accounts at beginning of year	2014-12-31	$5,853,569
Interest on participant loans	2014-12-31	$8,982
Net investment gain/loss from pooled separate accounts	2014-12-31	$288,329
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$317,949
Employer contributions (assets) at end of year	2014-12-31	$552
Employer contributions (assets) at beginning of year	2014-12-31	$6,074
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$125,935
Contract administrator fees	2014-12-31	$666
Did the plan have assets held for investment	2014-12-31	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	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	REYNOLDS BONE AND GRIESBECK PLC
Accountancy firm EIN	2014-12-31	620428728
2013 : INDEPENDENT BANK 401(K) PLAN 2013 401k financial data
Total income from all sources (including contributions)	2013-12-31	$1,520,146
Total of all expenses incurred	2013-12-31	$80,388
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$78,522
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$767,696
Value of total assets at end of year	2013-12-31	$5,952,924
Value of total assets at beginning of year	2013-12-31	$4,513,166
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$1,866
Total interest from all sources	2013-12-31	$5,289
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Administrative expenses professional fees incurred	2013-12-31	$1,300
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$500,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$498,417
Participant contributions at end of year	2013-12-31	$90,848
Participant contributions at beginning of year	2013-12-31	$122,730
Participant contributions at end of year	2013-12-31	$25
Participant contributions at beginning of year	2013-12-31	$16,115
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$26,837
Administrative expenses (other) incurred	2013-12-31	$132
Total non interest bearing cash at end of year	2013-12-31	$2,408
Total non interest bearing cash at beginning of year	2013-12-31	$3,228
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$1,439,758
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$5,952,924
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$4,513,166
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in pooled separate accounts at end of year	2013-12-31	$5,853,569
Value of interest in pooled separate accounts at beginning of year	2013-12-31	$4,356,916
Interest on participant loans	2013-12-31	$5,289
Net investment gain/loss from pooled separate accounts	2013-12-31	$747,161
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$242,442
Employer contributions (assets) at end of year	2013-12-31	$6,074
Employer contributions (assets) at beginning of year	2013-12-31	$14,177
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$78,522
Contract administrator fees	2013-12-31	$434
Did the plan have assets held for investment	2013-12-31	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	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	REYNOLDS BONE AND GRIESBECK PLC
Accountancy firm EIN	2013-12-31	620428728
2012 : INDEPENDENT BANK 401(K) PLAN 2012 401k financial data
Total income from all sources (including contributions)	2012-12-31	$1,142,208
Total of all expenses incurred	2012-12-31	$162,688
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$160,803
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$704,414
Value of total assets at end of year	2012-12-31	$4,513,166
Value of total assets at beginning of year	2012-12-31	$3,533,646
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$1,885
Total interest from all sources	2012-12-31	$5,383
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Administrative expenses professional fees incurred	2012-12-31	$1,125
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$500,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$448,601
Participant contributions at end of year	2012-12-31	$122,730
Participant contributions at beginning of year	2012-12-31	$100,594
Participant contributions at end of year	2012-12-31	$16,115
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$29,226
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2012-12-31	$371
Administrative expenses (other) incurred	2012-12-31	$434
Total non interest bearing cash at end of year	2012-12-31	$3,228
Total non interest bearing cash at beginning of year	2012-12-31	$416
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$979,520
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$4,513,166
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$3,533,646
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Investment advisory and management fees	2012-12-31	$0
Value of interest in pooled separate accounts at end of year	2012-12-31	$4,356,916
Value of interest in pooled separate accounts at beginning of year	2012-12-31	$3,419,184
Interest on participant loans	2012-12-31	$5,383
Net investment gain/loss from pooled separate accounts	2012-12-31	$432,411
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$226,587
Employer contributions (assets) at end of year	2012-12-31	$14,177
Employer contributions (assets) at beginning of year	2012-12-31	$13,081
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$160,803
Contract administrator fees	2012-12-31	$326
Did the plan have assets held for investment	2012-12-31	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	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	REYNOLDS BONE AND GRIESBECK PLC
Accountancy firm EIN	2012-12-31	620428728
2011 : INDEPENDENT BANK 401(K) PLAN 2011 401k financial data
Total income from all sources (including contributions)	2011-12-31	$746,370
Total of all expenses incurred	2011-12-31	$83,311
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$82,357
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$774,366
Value of total assets at end of year	2011-12-31	$3,533,646
Value of total assets at beginning of year	2011-12-31	$2,870,587
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$954
Total interest from all sources	2011-12-31	$4,355
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Administrative expenses professional fees incurred	2011-12-31	$700
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$500,000
If this is an individual account plan, was there a blackout period	2011-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$434,232
Participant contributions at end of year	2011-12-31	$100,594
Participant contributions at beginning of year	2011-12-31	$96,756
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$114,651
Value of other receiveables (less allowance for doubtful accounts) at end of year	2011-12-31	$371
Total non interest bearing cash at end of year	2011-12-31	$416
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$663,059
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$3,533,646
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$2,870,587
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in pooled separate accounts at end of year	2011-12-31	$3,419,184
Value of interest in pooled separate accounts at beginning of year	2011-12-31	$2,176,818
Interest on participant loans	2011-12-31	$4,355
Income. Interest from loans (other than to participants)	2011-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-12-31	$596,690
Net investment gain/loss from pooled separate accounts	2011-12-31	$-32,351
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$225,483
Employer contributions (assets) at end of year	2011-12-31	$13,081
Employer contributions (assets) at beginning of year	2011-12-31	$323
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$82,357
Contract administrator fees	2011-12-31	$254
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	2011-12-31	Yes
Did the plan have assets held for investment	2011-12-31	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	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	REYNOLDS BONE AND GRIESBECK PLC
Accountancy firm EIN	2011-12-31	620428728
2010 : INDEPENDENT BANK 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$743,028
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$206,263
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$199,775
Expenses. Certain deemed distributions of participant loans	2010-12-31	$1,231
Value of total corrective distributions	2010-12-31	$4,657
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$469,943
Value of total assets at end of year	2010-12-31	$2,870,587
Value of total assets at beginning of year	2010-12-31	$2,333,822
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$600
Total interest from all sources	2010-12-31	$19,568
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$500,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$243,991
Participant contributions at end of year	2010-12-31	$96,756
Participant contributions at beginning of year	2010-12-31	$33,769
Participant contributions at beginning of year	2010-12-31	$10,340
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$121,811
Administrative expenses (other) incurred	2010-12-31	$600
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$536,765
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$2,870,587
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$2,333,822
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in pooled separate accounts at end of year	2010-12-31	$2,176,818
Value of interest in pooled separate accounts at beginning of year	2010-12-31	$1,693,449
Interest on participant loans	2010-12-31	$3,189
Interest earned on other investments	2010-12-31	$16,379
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$596,690
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2010-12-31	$591,868
Net investment gain/loss from pooled separate accounts	2010-12-31	$253,517
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$104,141
Employer contributions (assets) at end of year	2010-12-31	$323
Employer contributions (assets) at beginning of year	2010-12-31	$4,396
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$199,775
Did the plan have assets held for investment	2010-12-31	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	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	REYNOLDS BONE AND GRIESBECK PLC
Accountancy firm EIN	2010-12-31	620428728

Form 5500 Responses for INDEPENDENT BANK 401(K) PLAN

2023: INDEPENDENT BANK 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2014: INDEPENDENT BANK 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: INDEPENDENT BANK 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: INDEPENDENT BANK 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: INDEPENDENT BANK 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: INDEPENDENT BANK 401(K) PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: INDEPENDENT BANK 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	INDEPENDENT BANK
Employer identification number (EIN):	621730983
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