401(k) · DOL Form 5500 · 2023

Midwestone Financial Group, Inc. 401(k) Plan

Data updated 2026-08-25

$90M
Total assets Below avg plan size
789
Participants Near avg headcount
90th
Percentile by assets National rank
$113,761
Avg per participant Below avg balance/head
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Official DOL plan name: Midwestone Financial Group, Inc. 401(k) Plan · Sponsored by Midwestone Financial Group, Inc. · Iowa · Finance & Insurance

$90M in assets, 789 participants

Midwestone Financial Group, Inc.'s Midwestone Financial Group, Inc. 401(k) Plan reported $90M in total assets and 789 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,574 in Finance & Insurance (8,869 peers)

Where Midwestone Financial Group, Inc. 401(k) Plan sits by assets

Midwestone Financial Group, Inc. 401(k) Plan sits in the top 10% of all filed plans by assets, $90M for 789 participants (~$113,761/participant), up 10.3% in 2023.

#7,574
in Finance & Insurance (8,869 peers)
+10.3%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Midwestone Financial Group, Inc. 401(k) Plan's outsized position by total assets

Midwestone Financial Group, Inc. 401(k) Plan vs every filed plan by assets

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

$89,757,259 Top 10% higher than 90% 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

Midwestone Financial Group, Inc. 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. Midwestone Financial Group, Inc. 401(k) Plan sits mid-pack in the medium band (789 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Midwestone Financial Group, Inc. 401(k) Plan reported net income rose from -$12M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Midwestone Financial Group, Inc. 401(k) Plan end-of-year assets rose from $81M in the plan year 2022 filing to $90M in the plan year 2023 filing.
  • Midwestone Financial Group, Inc. 401(k) Plan reported participants fell from 811 in the plan year 2022 filing to 789 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 421206172 · Midwestone Financial Group, Inc. PY 2023 · 401(k)

Midwestone Financial Group, Inc. 401(k) Plan · $90M · 789 · 90th

  • BOY $90M
  • SCH 789
  • EBSA 90th
  • PART 401(k)
  • TYPE near University Healthcare Alliance 401(k) Plan
  • NET ind #7574

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 Iowa →

Midwestone Financial Group, Inc. 401(k) Plan in the asset neighbourhood

Wash Multifamily Laundry Systems, LLC 401(k) PlanWash Multifamily Laundry Sys…$90MBering Straits Native Corporation 401(k) PlanBering Straits Native Corpor…$90MM. B. Kahn Construction Co., Inc. Profit Sharing and 401(k) Savings PlanM. B. Kahn Construction Co.,…$90MMidwestone Financial Group, Inc. 401(k) PlanMidwestone Financial Group, …$90MUniversity Healthcare Alliance 401(k) PlanUniversity Healthcare Allian…$90M
End-of-year total assets ($M) among Midwestone Financial Group, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$81M
Net Assets (End of Year)$90M
Net Income$8M
Employer EIN421206172
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Midwestone Financial Group, Inc.)

Sponsor-wide plan assets over time

All Midwestone Financial Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$113M 17.549720408773055% vs 2022
2024 filing year
$90M$100M$110M$120M 202220232024 $96.2M $113M ▲ +17.6%
Year Plans Participants Total Assets
2022 2 1,460 $96M
2023 2 1,441 $103M
2024 2 1,342 $113M

Nearby 401(k) Plans in Iowa

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

Midwestone Financial Group, Inc. 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Midwestone Financial Group, Inc. 401(k) Plan, Total assets ($B): 0.089757259 · Participants: 789Midwestone Financial Group, Inc. 401(k) PlanThe 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
Midwestone Financial Group, Inc. 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Midwestone Financial Group, Inc. 401(k) Plan side-by-side with 3 peers →

Midwestone Financial Group, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is University Healthcare Alliance 401(k) Plan in CA ($90M); by covered participants it is Brown Advisory 401(k) Plan in MD (789 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (789 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 Midwestone Financial Group, Inc. 401(k) Plan assets move in 2023? ▼
Midwestone Financial Group, Inc. 401(k) Plan grew at a solid clip - up 10.3% during 2023, from $81M to $90M. Reported net income was $8M.
How have Midwestone Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Midwestone Financial Group, Inc.'s sponsor-wide assets grew 17.5%, from $96M to $113M.
Where does Midwestone Financial Group, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Midwestone Financial Group, Inc. 401(k) Plan ranks in the 90th 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 Midwestone Financial Group, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is University Healthcare Alliance 401(k) Plan in CA ($90M, 1,205 participants).
Which 401(k) plans cover a similar participant headcount to Midwestone Financial Group, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Brown Advisory 401(k) Plan in MD (789 participants, $233M 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 421206172.

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.