Independent Bank Corporation 401(k) Plan: Login, Facts & Contact Information
Independent Bank Corporation 401(k) Login
214 former Independent Bank Corporation employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2024 filing.
Independent Bank Corporation 401(k) Plan Facts
Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 11, 2025. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2024
- $8.95 million went into the plan in contributions, $2.10 million of it from the employer (24%).
- $12.3 million was paid out to participants.
- Investment and other income added $12.3 million.
- Administrative expenses were $232,596, about $228 per account.
How the Independent Bank Corporation 401(k) changed, 2019–2024
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2019 | 1,234 | $66.8 million | $1.69 million | $4.18 million |
| 2020 | 1,283 | $79.5 million | $2.08 million | $6.13 million |
| 2021 | 1,301 | $94.7 million | $2.14 million | $6.42 million |
| 2022 | 1,341 | $78.7 million | $1.94 million | $8.97 million |
| 2023 | 1,323 | $88.8 million | $2.11 million | $12.1 million |
| 2024 | 1,181 | $97.5 million | $2.10 million | $12.3 million |
Independent Bank Corporation 401(k) Contact Information
Questions about the Independent Bank Corporation 401(k)
Does Independent Bank Corporation contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.10 million, 24% of all contributions.
Does the Independent Bank Corporation 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Independent Bank Corporation 401(k) plan?
1,181 participants at the start of plan year 2024, 822 of them active employees, and 214 former employees who still had money in the plan.
What is the average 401(k) balance at Independent Bank Corporation?
About $95,616 per account: $97.5 million in plan assets across 1,020 accounts with a balance at the end of plan year 2024.
Who manages the Independent Bank Corporation 401(k) accounts?
Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Independent Bank Corporation. How do I access my 401(k)?
Your account stays with Principal 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.