Independent Bank 401(k) Plan: Login, Facts & Contact Information

Independent Bank 401(k) Plan Facts

Plan name
INDEPENDENT FINANCIAL 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
INDEPENDENT BANK
Participants
1,725 (1,404 active employees)
Former employees with a balance
381
Plan assets
$142,966,003 at Dec 31, 2024
Average account balance
$85,557 across 1,671 accounts
Employer contributions
$7,868,789 in plan year 2024 (36% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Mar 1, 1994
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 23, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $21.7 million went into the plan in contributions, $7.87 million of it from the employer (36%).
  • $14.7 million was paid out to participants.
  • Investment and other income added $17.9 million.
  • Administrative expenses were $147,163, about $88 per account.

How the Independent Bank 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,573$71.3 million$6.35 million$9.08 million
20201,582$96.4 million$6.65 million$8.40 million
20211,710$118.6 million$7.01 million$13.0 million
20221,844$105.3 million$7.86 million$15.1 million
20231,876$118.2 million$7.70 million$23.8 million
20241,725$143.0 million$7.87 million$14.7 million

Independent Bank 401(k) Contact Information

Phone
972-562-9004
Mailing address
7777 HENNEMAN WAY, MCKINNEY TX 75070
Plan sponsor
INDEPENDENT BANK
Employer identification number (EIN)
75-2694563
Plan number
001

Questions about the Independent Bank 401(k)

Does Independent Bank contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $7.87 million, 36% of all contributions.

Does the Independent Bank 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Independent Bank 401(k) plan?

1,725 participants at the start of plan year 2024, 1,404 of them active employees, and 381 former employees who still had money in the plan.

What is the average 401(k) balance at Independent Bank?

About $85,557 per account: $143.0 million in plan assets across 1,671 accounts with a balance at the end of plan year 2024.

Who manages the Independent Bank 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Independent Bank. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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