Industry Bancshares, Inc. 401(k) Plan: Login, Facts & Contact Information

Industry Bancshares, Inc. 401(k) Plan Facts

Plan name
INDUSTRY BANCSHARES, INC. 401(K) EMPLOYEE STOCK OWNERSHIP PLAN
Plan type
401(k) with employer contributions and profit sharing with a company-stock (ESOP) component
Plan sponsor
INDUSTRY BANCSHARES INC
Participants
581 (421 active employees)
Former employees with a balance
131
Plan assets
$31,769,619 at Dec 31, 2024
Average account balance
$67,166 across 473 accounts
Employer contributions
$1,453,443 in plan year 2024 (41% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Dec 31, 1996
✓ 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 Nov 20, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.57 million went into the plan in contributions, $1.45 million of it from the employer (41%).
  • $3.33 million was paid out to participants.
  • Investment and other income added $2.41 million.
  • Administrative expenses were $73,273, about $155 per account.

How the Industry Bancshares, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019433$35.4 million$1.28 million$1.36 million
2020512$42.8 million$1.36 million$2.04 million
2021528$48.6 million$1.43 million$2.93 million
2022550$44.3 million$1.49 million$1.65 million
2023594$29.2 million$1.57 million$4.50 million
2024581$31.8 million$1.45 million$3.33 million

Industry Bancshares, Inc. 401(k) Contact Information

Phone
979-357-1905
Mailing address
7910 ERNST PARKWAY, INDUSTRY TX 789440087
Plan sponsor
INDUSTRY BANCSHARES INC
Employer identification number (EIN)
74-2679367
Plan number
002

Questions about the Industry Bancshares, Inc. 401(k)

Does Industry Bancshares, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.45 million, 41% of all contributions.

Does the Industry Bancshares, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Industry Bancshares, Inc 401(k) plan?

581 participants at the start of plan year 2024, 421 of them active employees, and 131 former employees who still had money in the plan.

What is the average 401(k) balance at Industry Bancshares, Inc?

About $67,166 per account: $31.8 million in plan assets across 473 accounts with a balance at the end of plan year 2024.

Who manages the Industry Bancshares, Inc 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 Industry Bancshares, Inc. 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.

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