401(k) · DOL Form 5500 · 2023

Midwestone Financial Group, Inc. 401(k) Plan

Data updated 2026-08-11

$90M
Total assets: 789
Participants: 90th
Percentile by assets: $113,761
Avg per participant

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.

90th percentile by assets (of 127,072 plans)
#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.

$90M
total plan assets (2023 EOY): 789
covered participants: 90th
percentile by assets (of 127,072 plans): $113,761
avg assets per participant

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 →

State

Iowa

Industry

Finance & Insurance

Midwestone Financial Group, Inc. 401(k) Plan vs the 2023 asset distribution

By assets, Midwestone Financial Group, Inc. 401(k) Plan outranks 90% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$81M
Net Assets (End of Year)	$90M
Net Income	$8M
Employer EIN	421206172
Plan Effective Date	1992-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Midwestone Financial Group, Inc.)

Total plan assets by year, all Midwestone Financial Group, Inc. plans on file

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

The Principal Select Savings Plan $4.1B · 12,827
Iowa Health System Section 401(k) Retirement Savings Plan $3.0B · 28,959
The Hy-Vee and Affiliates 401(k) Plan $2.9B · 56,181
The Rsm US LLP Retirement Plan $2.9B · 14,720
Transamerica 401(k) Retirement Savings Plan $2.4B · 6,999

Compare Midwestone Financial Group, Inc. 401(k) … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Midwestone Financial Group, Inc. 401(k) Plan by total assets, not by location.

University Healthcare Alliance 401(k) Plan (CA) $90M · 1,205
Bering Straits Native Corporation 401(k) Plan (AK) $90M · 1,660
M. B. Kahn Construction Co., Inc. Profit Sharing and 401(k) Savings Plan (SC) $90M · 258
Wash Multifamily Laundry Systems, LLC 401(k) Plan (CA) $90M · 959

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).

Next read for Midwestone Financial Group, Inc. 401(k) …

Scale reading

Ways to act on Midwestone Financial Group, Inc. 401(k) Plan's numbers.

By total assets, Midwestone Financial Group, Inc. 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Iowa. Compare plans
Midwestone Financial Group, Inc.'s sponsor-wide assets have grown 17.5% since 2022 across 3 plan years on file. More Finance & Insurance plans

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.