401(k) · DOL Form 5500 · 2023

Midland States Bank 401(k) Plan

Data updated 2026-08-25

$116M
Total assets Near avg plan size
938
Participants Near avg headcount
92nd
Percentile by assets National rank
$123,677
Avg per participant Near 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

$116M in assets, 938 participants

Midland States Bank's Midland States Bank 401(k) Profit Sharing Plan reported $116M in total assets and 938 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

  • #7,807 in Finance & Insurance (8,869 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, $116M for 938 participants (~$123,677/participant), up 19.4% in 2023.

#7,807
in Finance & Insurance (8,869 peers)
+19.4%
assets growth YoY
1.2×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$116,009,219 Top 8% higher than 92% of 127,068 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 2023

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

Plan-year 2023 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 (938 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Midland States Bank 401(k) Profit Sharing Plan reported net income rose from -$21M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • Midland States Bank 401(k) Profit Sharing Plan end-of-year assets rose from $97M in the plan year 2022 filing to $116M in the plan year 2023 filing.
  • Midland States Bank 401(k) Profit Sharing Plan reported participants rose from 918 in the plan year 2022 filing to 938 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 370259550 · Midland States Bank PY 2023 · 401(k)

Midland States Bank 401(k) Profit Sharing Plan · $116M · 938 · 92nd

  • SCH $116M
  • SCH 938
  • SCH 92nd
  • SCH 401(k)
  • SCH near Anvil Employee Directed 401(k) Plan
  • SCH ind #7807

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

Fond Du Lac Regional Clinic, S.C. 401(k) Profit Sharing PlanFond Du Lac Regional Clinic,…$116MMcelroy, Deutsch, Mulvaney & Carpenter, LLP 401(k) PlanMcelroy, Deutsch, Mulvaney &…$116MMidland States Bank 401(k) Profit Sharing PlanMidland States Bank 401(k) P…$116MAnvil Employee Directed 401(k) PlanAnvil Employee Directed 401(…$116MMingledorff's, Inc. Savings Incentive PlanMingledorff's, Inc. Savings …$116M
End-of-year total assets ($M) among Midland States Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$97M
Net Assets (End of Year)$116M
Net Income$19M
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): 0.116009219 · Participants: 938Midland States Bank 401(k) Profit Sharing PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens 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 Anvil Employee Directed 401(k) Plan in WA ($116M); by covered participants it is Csw Industrials, Inc. Employee Savings Plan in TX (938 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (938 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Midland States Bank 401(k) Profit Sharing Plan grew sharply - up 19.4% during 2023, from $97M to $116M. Reported net income was $19M.
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 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Anvil Employee Directed 401(k) Plan in WA ($116M, 319 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 Csw Industrials, Inc. Employee Savings Plan in TX (938 participants, $62M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.