401(k) · DOL Form 5500 · 2022

Midland States Bank 401(k) Plan

Data updated 2026-08-11

$97M
Total assets
918
Participants
93rd
Percentile by assets
$105,828
Avg per participant
PlainRetire home → About this data

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.

  • 93rd percentile by assets (of 139,126 plans)
  • #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.

$97M
total plan assets (2022 EOY)
918
covered participants
93rd
percentile by assets (of 139,126 plans)
$105,828
avg assets per participant

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.

Where Midland States Bank 401(k) Profit Sharing Plan sits 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 $2,010,000,000 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

State
Illinois
Industry
Finance & Insurance

Midland States Bank 401(k) Profit Sharing Plan vs the 2022 asset distribution

By assets, Midland States Bank 401(k) Profit Sharing Plan outranks 93% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.0x the national average plan size of $100M (721 average participants).

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)

$100M$110M$120M$130M 202220232024 $110M $127M ▲ +15.5%
Total plan assets by year, all Midland States Bank plans on file
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 ($B) Participants Midland States Bank …, Total assets ($B): 0.09715054 · Participants: 918Midland States Bank …State Farm 401(k) Sa…, Total assets ($B): 14.651519685 · Participants: 53616State Farm 401(k) Sa…Accenture United Sta…, Total assets ($B): 14.283954811 · Participants: 66653Accenture United Sta…Abbott Laboratories …, Total assets ($B): 13.333286 · Participants: 36136Abbott Laboratories …United Airlines Pilo…, Total assets ($B): 11.816542826 · Participants: 13437United Airlines Pilo…Walgreens Retirement…, Total assets ($B): 11.682551768 · Participants: 238072Walgreens Retirement…
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 Sharin… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Midland States Bank 401(k) Profit Sharing Plan by total assets, not by location.

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).

Next read for Midland States Bank 401(k) Profit Sharin…

Scale reading

Ways to act on Midland States Bank 401(k) Profit Sharing Plan's numbers.

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.