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Form 5500 · Retirement plan · INDUSTRY, TX

INDUSTRY BANCSHARES INC

The filing calls this plan INDUSTRY BANCSHARES, INC. 401(K) EMPLOYEE STOCK OWNERSHIP PLAN.

INDUSTRY BANCSHARES INC of INDUSTRY, TX's retirement plan holds 2 insurance-company contracts (annuities or guaranteed-interest accounts), disclosed on Schedule A of its Form 5500. These are investment and funding contracts, not group health or welfare coverage. No medical, dental or life benefit is reported on this filing.

Agent of record (Schedule A)
Contract year ends
Decemberas filed for plan year 2024

Sourced from U.S. DOL EFAST2 Form 5500 · EIN 74-2679367 · plan 002 · plan year 2024, filed Nov 20, 2025

Participants at the start of the year
581
Contracts on file
2
Contract value
$1,751,528
Plan year end
December

Plan brief

Schedule A lists 2 insurance contracts held by the plan — annuities, guaranteed-interest accounts or similar funding vehicles, all with PRINCIPAL LIFE INSURANCE COMPANY.

The contracts held $1,751,528 at the end of the plan year, as reported on Schedule A.

$31,428 in agent commissions is disclosed across the contracts; MML INSURANCE AGENCY LLC is the agent of record.

A Schedule A is filed for a retirement plan when plan assets sit in an insurance company contract. It reports the contract's balances and any agent commission. It does not report a health, dental or life premium, and it does not give a group renewal date.

The contract year ended in December.

Schedule A insurance contracts

CarrierContract typeCoveredYear endsContract valueCommission
PRINCIPAL LIFE INSURANCE COMPANYAnnuity / GIC488December$69,375$29,110
PRINCIPAL LIFE INSURANCE COMPANYAnnuity / GIC488December$1,682,153$2,318

Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.

See the filing at the Department of Labor

Administrator and service providers

Plan administrator on the filing
INDUSTRY BANCSHARES INC
EIN 74-2679367
PRINCIPAL LIFE INSURANCE COMPANY
Contract administrator · EIN 42-0127290
$73,273
paid directly by the plan
WILSHIRE ADVISORS LLC
INVESTMENT ADVISORY · EIN 95-2755361
$0
paid directly by the plan

The plan administrator is from line 3a of the main form. The service providers are named on Schedule C of this filing. We publish company names only.

What the plan holds

Plan assets at year end
$31,769,619
Paid out in benefits
$3,327,163
Participants at the start of the year
581
Participants with account balances
473

Sourced from U.S. DOL EFAST2 Form 5500 · Schedule H

Who runs the plan

Accountant's opinion (Schedule H, line 3a)
Unmodified

From Schedule H of this filing.

We can name the recordkeeper and the auditor for large plans, the ones that file a Schedule C or a Schedule H. Smaller plans do not have to report either, so for most 401(k) plans in the country that information is not public anywhere.

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