ESOP · DOL Form 5500 · 2023

Bank Midwest ESOP

Data updated 2026-08-25

$13M
Total assets Small plan by assets
179
Participants Small participant base
65th
Percentile by assets National rank
$75,126
Avg per participant Below avg balance/head
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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.

  • #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.

#4,436
in Finance & Insurance (8,869 peers)
-3.2%
assets change YoY

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.

Bank Midwest and Affiliates Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Bank Midwest and Affiliates Employee Stock Ownership Plan vs every filed plan by assets

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

$13,447,500 Top 35% higher than 65% 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 and Affiliates Employee Stock Ownership 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. Bank Midwest and Affiliates Employee Stock Ownership Plan sits mid-pack in the medium band (179 participants).

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.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 410256760 · Bank Midwest PY 2023 · ESOP

Bank Midwest and Affiliates Employee Stock Ownership Plan · $13M · 179 · 65th

  • EOY $13M
  • 5500 179
  • ASSETS 65th
  • PCT ESOP
  • EIN near Gray-Hodges Corporation Employee Stock Ownership Plan
  • RANK ind #4436

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 What is an ESOP? → · Plans in Iowa →

Bank Midwest and Affiliates Employee Stock Ownership Plan in the asset neighbourhood

Weller Pools USA, Inc. ESOP and TrustWeller Pools USA, Inc. ESOP …$13MFirst National Bank of Eastern Arkansas Employee Stock Ownership PlanFirst National Bank of Easte…$13MBank Midwest and Affiliates Employee Stock Ownership PlanBank Midwest and Affiliates …$13MGray-Hodges Corporation Employee Stock Ownership PlanGray-Hodges Corporation Empl…$13MTechnical Systems, Inc. Employee Stock Ownership PlanTechnical Systems, Inc. Empl…$13M
End-of-year total assets ($M) among Bank Midwest and Affiliates Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$13M
Net Income-$447K
Employer EIN410256760
Plan Effective Date1996-01-01
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 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 Scatter plot of 6 data points. 020040060080010001200 -20002004006008001000 Total assets ($M) Participants Bank Midwest and Affiliates Employee Stock Ownership Plan, Total assets ($M): 13.4475 · Participants: 179Bank Midwest and Affiliates Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 863.986659 · Participants: 802Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 596.09835 · Participants: 801Van Meter Industrial, Inc. Employee Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 438.062674 · Participants: 667Precision, Inc. Employee Stock Ownership Plan and TrustIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 427.790025 · Participants: 771Ita Group Holdings, Inc. Employees' Stock Ownership PlanVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 405.931426 · Participants: 1070Vgm Group, Inc. Employee Stock Ownership Plan
Bank Midwest and Affiliates Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Bank Midwest and Affiliates Employee Stock Ownership Plan side-by-side with 3 peers →

Bank Midwest and Affiliates Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Gray-Hodges Corporation Employee Stock Ownership Plan in TN ($13M); by covered participants it is E.W. James & Sons, Inc. Employee Profit Sharing & Stock Ownership Plan in TN (179 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (179 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 and Affiliates Employee Stock Ownership Plan assets move in 2023? ▼
Bank Midwest and Affiliates Employee Stock Ownership Plan edged down modestly - down 3.2% during 2023, from $14M to $13M. Reported net income was -$447K.
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.
Which ESOP plans are similar in size to Bank Midwest and Affiliates Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Gray-Hodges Corporation Employee Stock Ownership Plan in TN ($13M, 51 participants).
Which ESOP plans cover a similar participant headcount to Bank Midwest and Affiliates Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is E.W. James & Sons, Inc. Employee Profit Sharing & Stock Ownership Plan in TN (179 participants, $294K 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.