401(k) · DOL Form 5500 · 2022

Midland States Bank 401(k) Plan

Data updated 2026-08-25

$97M
Total assets Below avg plan size
918
Participants Near avg headcount
93rd
Percentile by assets National rank
$105,828
Avg per participant Below avg balance/head
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Official DOL plan name: Midland States Bank 401(k) Profit Sharing Plan · Sponsored by Midland States Bank · Illinois · Finance & Insurance

$97M in assets, 918 participants

Midland States Bank's Midland States Bank 401(k) Profit Sharing Plan reported $97M in total assets and 918 participants in its 2022 DOL Form 5500 filing, ranking in the 93rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,155 in Finance & Insurance (9,261 peers)

Where Midland States Bank 401(k) Profit Sharing Plan sits by assets

Midland States Bank 401(k) Profit Sharing Plan sits in the top 10% of all filed plans by assets, $97M for 918 participants (~$105,828/participant), down 17.8% in 2022.

#8,155
in Finance & Insurance (9,261 peers)
-17.8%
assets change YoY
1.0×
vs typical plan assets (national mean)

The plan reported a net loss of $21M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Midland States Bank 401(k) Profit Sharing Plan's outsized position by total assets

Midland States Bank 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$97,150,540 Top 7% higher than 93% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Midland States Bank 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Midland States Bank 401(k) Profit Sharing Plan sits mid-pack in the medium band (918 participants).

Published 5500 schedule card

Filing strip 370259550 · Midland States Bank PY 2022 · 401(k)

Midland States Bank 401(k) Profit Sharing Plan · $97M · 918 · 93rd

  • SCH $97M
  • EBSA 918
  • PART 93rd
  • TYPE 401(k)
  • NET near Profit Sharing Plan of Cades Schutte
  • BOOK ind #8155

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Illinois →

Midland States Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Immucor, Inc. 401(k) Savings PlanImmucor, Inc. 401(k) Savings…$97MSophos, Inc 401(k) Savings PlanSophos, Inc 401(k) Savings P…$97MMidland States Bank 401(k) Profit Sharing PlanMidland States Bank 401(k) P…$97MProfit Sharing Plan of Cades SchutteProfit Sharing Plan of Cades…$97MService Experts LLC 401(k) PlanService Experts LLC 401(k) P…$97M
End-of-year total assets ($M) among Midland States Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$118M
Net Assets (End of Year)$97M
Net Income-$21M
Employer EIN370259550
Plan Effective Date1969-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Midland States Bank)

Sponsor-wide plan assets over time

All Midland States Bank plans reported in each filing year

Latest sponsor-wide plan assets
$127M 15.551337734945662% vs 2022
2024 filing year
$100M$110M$120M$130M 202220232024 $110M $127M ▲ +15.5%
Year Plans Participants Total Assets
2022 2 928 $110M
2023 2 948 $128M
2024 2 924 $127M

Nearby 401(k) Plans in Illinois

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Midland States Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Midland States Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.09715054 · Participants: 918Midland States Bank 401(k) Profit Sharing PlanState Farm 401(k) Savings Plan, Total assets ($B): 14.651519685 · Participants: 53616State Farm 401(k) Savings PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 14.283954811 · Participants: 66653Accenture United States 401(k) Match and Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 13.333286 · Participants: 36136Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 11.816542826 · Participants: 13437United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 11.682551768 · Participants: 238072Walgreens Retirement Savings Plan
Midland States Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Midland States Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Midland States Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Profit Sharing Plan of Cades Schutte in HI ($97M); by covered participants it is Community Trust Bancorp Inc Savings Plan in KY (918 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($97M here).

Similar participant headcount

Nearest other-state filings by covered participants (918 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Midland States Bank 401(k) Profit Sharing Plan assets move in 2022? ▼
Midland States Bank 401(k) Profit Sharing Plan declined sharply - down 17.8% during 2022, from $118M to $97M. Reported net income was -$21M.
How have Midland States Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Midland States Bank's sponsor-wide assets grew 15.6%, from $110M to $127M.
Where does Midland States Bank 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Midland States Bank 401(k) Profit Sharing Plan ranks in the 93rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Midland States Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Profit Sharing Plan of Cades Schutte in HI ($97M, 128 participants).
Which 401(k) plans cover a similar participant headcount to Midland States Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Community Trust Bancorp Inc Savings Plan in KY (918 participants, $69M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 370259550.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.