401(k) · DOL Form 5500 · 2023

Midcountry Bank 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
138
Participants Small participant base
76th
Percentile by assets National rank
$171,177
Avg per participant Above avg balance/head
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Official DOL plan name: Midcountry Bank 401(k) Plan · Sponsored by Midcountry Bank · Minnesota · Finance & Insurance

$24M in assets, 138 participants

Midcountry Bank's Midcountry Bank 401(k) Plan reported $24M in total assets and 138 participants in its 2023 DOL Form 5500 filing, ranking in the 76th 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.

  • #5,591 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Midcountry Bank 401(k) Plan covers 138 participants in Minnesota, about 12% of the average Minnesota filer (state average ~1,126 per filing). Assets: $24M.

#5,591
in Finance & Insurance (8,869 peers)
+15.0%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Midcountry Bank 401(k) Plan's outsized position by total assets

Midcountry Bank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$23,622,377 Top 24% higher than 76% 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

Midcountry Bank 401(k) 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. Midcountry Bank 401(k) Plan sits mid-pack in the medium band (138 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Midcountry Bank 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Midcountry Bank 401(k) Plan end-of-year assets rose from $21M in the plan year 2022 filing to $24M in the plan year 2023 filing.
  • Midcountry Bank 401(k) Plan reported participants rose from 129 in the plan year 2022 filing to 138 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 410325766 · Midcountry Bank PY 2023 · 401(k)

Midcountry Bank 401(k) Plan · $24M · 138 · 76th

  • NET $24M
  • NET 138
  • NET 76th
  • NET 401(k)
  • NET near Schuler, Inc. Salary Savings Plan
  • NET ind #5591

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 Minnesota →

Midcountry Bank 401(k) Plan in the asset neighbourhood

Midcountry Bank 401(k) Plan$24MSchuler, Inc. Salary Savings PlanSchuler, Inc. Salary Savings…$24MUnited Audit Systems,Inc. Savings & Investment PlanUnited Audit Systems,Inc. Sa…$24MSierra Canyon Foundation 401(k) PlanSierra Canyon Foundation 401…$24MMilwaukee Bucks Retirement Savings PlanMilwaukee Bucks Retirement S…$24M
End-of-year total assets ($M) among Midcountry Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$24M
Net Income$3M
Employer EIN410325766
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Midcountry Bank)

Sponsor-wide plan assets over time

All Midcountry Bank plans reported in each filing year

Latest sponsor-wide plan assets
$27M 30.80062110685028% vs 2022
2024 filing year
$18M$20M$22M$24M$26M$28M 202220232024 $20.5M $26.9M ▲ +30.8%
Year Plans Participants Total Assets
2022 1 129 $21M
2023 1 138 $24M
2024 1 160 $27M

Nearby 401(k) Plans in Minnesota

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

Midcountry Bank 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Midcountry Bank 401(k) Plan, Total assets ($B): 0.023622377 · Participants: 138Midcountry Bank 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Midcountry Bank 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Midcountry Bank 401(k) Plan side-by-side with 3 peers →

Midcountry Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Schuler, Inc. Salary Savings Plan in MI ($24M); by covered participants it is Pmt Group, Inc. Profit Sharing 401(k) Plan in CT (138 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($24M here).

Similar participant headcount

Nearest other-state filings by covered participants (138 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 Midcountry Bank 401(k) Plan assets move in 2023? ▼
Midcountry Bank 401(k) Plan grew sharply - up 15.0% during 2023, from $21M to $24M. Reported net income was $3M.
How have Midcountry Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Midcountry Bank's sponsor-wide assets grew 30.8%, from $21M to $27M.
Where does Midcountry Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Midcountry Bank 401(k) Plan ranks in the 76th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Midcountry Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Schuler, Inc. Salary Savings Plan in MI ($24M, 192 participants).
Which 401(k) plans cover a similar participant headcount to Midcountry Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pmt Group, Inc. Profit Sharing 401(k) Plan in CT (138 participants, $28M 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 410325766.

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.