ESOP · DOL Form 5500 · 2023
Bank Midwest ESOP
Data updated 2026-08-11
- $13M
- Total assets
- 179
- Participants
- 65th
- Percentile by assets
- $75,126
- Avg per participant
Official DOL plan name: Bank Midwest and Affiliates Employee Stock Ownership Plan · Sponsored by Bank Midwest · Iowa · Finance & Insurance
$13M in assets, 179 participants
Bank Midwest's Bank Midwest and Affiliates Employee Stock Ownership Plan reported $13M in total assets and 179 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.
- 65th percentile by assets (of 127,072 plans)
- #4,436 in Finance & Insurance (8,869 peers)
Coverage in Iowa
Bank Midwest and Affiliates Employee Stock Ownership Plan covers 179 participants in Iowa, about 29% of the average Iowa filer (state average ~609 per filing). Assets: $13M.
- $13M
- total plan assets (2023 EOY)
- 179
- covered participants
- 65th
- percentile by assets (of 127,072 plans)
- $75,126
- avg assets per participant
The plan reported a net loss of $447K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Bank Midwest and Affiliates Employee Stock Ownership Plan reported net income rose from -$2M in the plan year 2022 filing to -$447K in the plan year 2023 filing.
- Bank Midwest and Affiliates Employee Stock Ownership Plan reported participants fell from 195 in the plan year 2022 filing to 179 in the plan year 2023 filing.
- Bank Midwest and Affiliates Employee Stock Ownership Plan end-of-year assets fell from $14M in the plan year 2022 filing to $13M in the plan year 2023 filing.
Participants vs Iowa filers
In Iowa, the average filing covers about 609 participants across 1,246 plans. Bank Midwest and Affiliates Employee Stock Ownership Plan reports 179 participants - about 29% of that state average ($13M EOY assets).
Iowa filing particulars
| Total Assets (Beginning of Year) | $14M |
|---|---|
| Net Assets (End of Year) | $13M |
| Net Income | -$447K |
| Employer EIN | 410256760 |
| Plan Effective Date | 1996-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bank Midwest)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 395 | $41M |
| 2023 | 2 | 378 | $44M |
| 2024 | 2 | 373 | $46M |
Nearby ESOP Plans in Iowa
Peer ESOP plans, same state, same plan type, ranked by total assets.
Bank Midwest and Affiliates Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
- Employee Owned Brands, Inc. Employee Stock Ownership Plan $864M · 802
- Van Meter Industrial, Inc. Employee Stock Ownership Plan $596M · 801
- Precision, Inc. Employee Stock Ownership Plan and Trust $438M · 667
- Ita Group Holdings, Inc. Employees' Stock Ownership Plan $428M · 771
- Vgm Group, Inc. Employee Stock Ownership Plan $406M · 1,070
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Bank Midwest and Affiliates Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
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Filing takeaways
Ways to act on Bank Midwest and Affiliates Employee Stock Ownership Plan's numbers.
- By total assets, Bank Midwest and Affiliates Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Iowa. Compare plans
- Bank Midwest's sponsor-wide assets have grown 11.1% since 2022 across 3 plan years on file. More Finance & Insurance plans