401(k) · DOL Form 5500 · 2023

Bank Midwest 401(k) Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
199
Participants Below avg headcount
79th
Percentile by assets National rank
$151,934
Avg per participant Above avg balance/head
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Official DOL plan name: Bank Midwest 401(k) Profit Sharing Plan & Trust · Sponsored by Bank Midwest · Iowa · Management of Enterprises

$30M in assets, 199 participants

Bank Midwest's Bank Midwest 401(k) Profit Sharing Plan & Trust reported $30M in total assets and 199 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #679 in Management of Enterprises (1,137 peers)

Coverage in Iowa

Bank Midwest 401(k) Profit Sharing Plan & Trust covers 199 participants in Iowa, about 33% of the average Iowa filer (state average ~609 per filing). Assets: $30M.

#679
in Management of Enterprises (1,137 peers)
+10.5%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Bank Midwest 401(k) Profit Sharing Plan & Trust's outsized position by total assets

Bank Midwest 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

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

$30,234,963 Top 21% higher than 79% 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

Bank Midwest 401(k) Profit Sharing Plan & Trust 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. Bank Midwest 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (199 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bank Midwest 401(k) Profit Sharing Plan & Trust reported net income rose from -$7M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Bank Midwest 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $27M in the plan year 2022 filing to $30M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 410256760 · Bank Midwest PY 2023 · 401(k)

Bank Midwest 401(k) Profit Sharing Plan & Trust · $30M · 199 · 79th

  • RANK $30M
  • PHOTO 199
  • IND 79th
  • EOY 401(k)
  • 5500 near The Wright Center for Graduate Medical Education 403(b) Plan
  • ASSETS ind #679

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 Management of Enterprises retirement plans → · Plans in Iowa →

Bank Midwest 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Orthopaedic Associates of Muskegon, PC 401(k) PlanOrthopaedic Associates of Mu…$30MSmart City Telecommunications LLC 401(k) PlanSmart City Telecommunication…$30MBank Midwest 401(k) Profit Sharing Plan & TrustBank Midwest 401(k) Profit S…$30MThe Wright Center for Graduate Medical Education 403(b) PlanThe Wright Center for Gradua…$30MWhitebox Advisors, LLC 401(k) PlanWhitebox Advisors, LLC 401(k…$30M
End-of-year total assets ($M) among Bank Midwest 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$30M
Net Income$3M
Employer EIN410256760
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank Midwest)

Sponsor-wide plan assets over time

All Bank Midwest plans reported in each filing year

Latest sponsor-wide plan assets
$46M 11.051955274580013% vs 2022
2024 filing year
$40M$42M$44M$46M$48M 202220232024 $41.3M $45.8M ▲ +11.1%
Year Plans Participants Total Assets
2022 2 395 $41M
2023 2 378 $44M
2024 2 373 $46M

Nearby 401(k) Plans in Iowa

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

Bank Midwest 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Bank Midwest 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.030234963 · Participants: 199Bank Midwest 401(k) Profit Sharing Plan & TrustThe Principal Select Savings Plan, Total assets ($B): 4.134174305 · Participants: 12827The Principal Select Savings PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 2.955731563 · Participants: 28959Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 2.941182172 · Participants: 56181The Hy-Vee and Affiliates 401(k) PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 2.890404508 · Participants: 14720The Rsm US LLP Retirement PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.425600114 · Participants: 6999Transamerica 401(k) Retirement Savings Plan
Bank Midwest 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Bank Midwest 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Bank Midwest 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is The Wright Center for Graduate Medical Education 403(b) Plan in PA ($30M); by covered participants it is Una's Nonprofit Retirement Solution in UT (199 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (199 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 Bank Midwest 401(k) Profit Sharing Plan & Trust assets move in 2023? ▼
Bank Midwest 401(k) Profit Sharing Plan & Trust grew at a solid clip - up 10.5% during 2023, from $27M to $30M. Reported net income was $3M.
How have Bank Midwest plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank Midwest's sponsor-wide assets grew 11.1%, from $41M to $46M.
Where does Bank Midwest 401(k) Profit Sharing Plan & Trust rank by assets among Form 5500 filers? ▼
Bank Midwest 401(k) Profit Sharing Plan & Trust ranks in the 79th 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 Bank Midwest 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is The Wright Center for Graduate Medical Education 403(b) Plan in PA ($30M, 586 participants).
Which 401(k) plans cover a similar participant headcount to Bank Midwest 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Una's Nonprofit Retirement Solution in UT (199 participants, $987K 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 410256760.

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.