401(k) · DOL Form 5500 · 2023

First Mid Bancshares, Inc. 401(k) Plan

Data updated 2026-08-25

$155M
Total assets Near avg plan size
1,042
Participants Near avg headcount
94th
Percentile by assets National rank
$149,215
Avg per participant Above avg balance/head
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Official DOL plan name: First Mid Bancshares, Inc. 401(k) Profit Sharing Plan · Sponsored by First Mid Bancshares, Inc. · Illinois · Finance & Insurance

$155M in assets, 1,042 participants

First Mid Bancshares, Inc.'s First Mid Bancshares, Inc. 401(k) Profit Sharing Plan reported $155M in total assets and 1,042 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #7,999 in Finance & Insurance (8,869 peers)

Where First Mid Bancshares, Inc. 401(k) Profit Sharing Plan sits by assets

First Mid Bancshares, Inc. 401(k) Profit Sharing Plan sits in the top 10% of all filed plans by assets, $155M for 1,042 participants (~$149,215/participant), up 27.7% in 2023.

#7,999
in Finance & Insurance (8,869 peers)
+27.7%
assets growth YoY
1.6×
vs typical plan assets (national mean)

First Mid Bancshares, Inc. 401(k) Profit Sharing Plan's outsized position by total assets

First Mid Bancshares, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$155,482,365 Top 6% higher than 94% 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

First Mid Bancshares, Inc. 401(k) Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Mid Bancshares, Inc. 401(k) Profit Sharing Plan lands in the large band (1,042 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Mid Bancshares, Inc. 401(k) Profit Sharing Plan reported net income rose from -$25M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • First Mid Bancshares, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $122M in the plan year 2022 filing to $155M in the plan year 2023 filing.
  • First Mid Bancshares, Inc. 401(k) Profit Sharing Plan reported participants rose from 894 in the plan year 2022 filing to 1,042 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 371103704 · First Mid Bancshares, Inc. PY 2023 · 401(k)

First Mid Bancshares, Inc. 401(k) Profit Sharing Plan · $155M · 1,042 · 94th

  • SCH $155M
  • SCH 1,042
  • SCH 94th
  • SCH 401(k)
  • SCH near Hoya Shared Savings Plan
  • SCH ind #7999

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 →

First Mid Bancshares, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

The Contractors Retirement PlanThe Contractors Retirement P…$156MDarigold, Inc. 401(k) Savings PlanDarigold, Inc. 401(k) Saving…$156MClub Car 401(k) Plan$156MFirst Mid Bancshares, Inc. 401(k) Profit Sharing PlanFirst Mid Bancshares, Inc. 4…$155MHoya Shared Savings Plan$155M
End-of-year total assets ($M) among First Mid Bancshares, Inc. 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)$122M
Net Assets (End of Year)$155M
Net Income$11M
Employer EIN371103704
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Mid Bancshares, Inc.)

Sponsor-wide plan assets over time

All First Mid Bancshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$173M 41.81589652623534% vs 2022
2024 filing year
$100M$120M$140M$160M$180M 202220232024 $122M $173M ▲ +41.8%
Year Plans Participants Total Assets
2022 1 894 $122M
2023 2 1,285 $155M
2024 1 1,210 $173M

Nearby 401(k) Plans in Illinois

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

First Mid Bancshares, Inc. 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 ($B) Participants First Mid Bancshares, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.155482365 · Participants: 1042First Mid Bancshares, Inc. 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
First Mid Bancshares, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare First Mid Bancshares, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

First Mid Bancshares, Inc. 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 Hoya Shared Savings Plan in CA ($155M); by covered participants it is Fincantieri Marine Group Bargaining Retirement Savings Plan in WI (1,042 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($155M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,042 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 First Mid Bancshares, Inc. 401(k) Profit Sharing Plan assets move in 2023? ▼
First Mid Bancshares, Inc. 401(k) Profit Sharing Plan grew sharply - up 27.7% during 2023, from $122M to $155M. Reported net income was $11M.
How have First Mid Bancshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Mid Bancshares, Inc.'s sponsor-wide assets grew 41.8%, from $122M to $173M.
Where does First Mid Bancshares, Inc. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
First Mid Bancshares, Inc. 401(k) Profit Sharing Plan ranks in the 94th 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 First Mid Bancshares, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hoya Shared Savings Plan in CA ($155M, 1,819 participants).
Which 401(k) plans cover a similar participant headcount to First Mid Bancshares, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Fincantieri Marine Group Bargaining Retirement Savings Plan in WI (1,042 participants, $25M 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 371103704.

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.