ESOP · DOL Form 5500 · 2023

Midwestone Financial Group, Inc. ESOP

Data updated 2026-08-25

$13M
Total assets Small plan by assets
652
Participants Below avg headcount
65th
Percentile by assets National rank
$20,385
Avg per participant Low balance/head
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Official DOL plan name: Midwestone Financial Group, Inc. Employee Stock Ownership Plan · Sponsored by Midwestone Financial Group, Inc. · Iowa · Management of Enterprises

$13M in assets, 652 participants

Midwestone Financial Group, Inc.'s Midwestone Financial Group, Inc. Employee Stock Ownership Plan reported $13M in total assets and 652 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.

  • #496 in Management of Enterprises (1,137 peers)

Management of Enterprises sector rank

Within Management of Enterprises, Midwestone Financial Group, Inc. Employee Stock Ownership Plan ranks #496 of 1,137 2023 filers by assets (2675% of the sector average)-$13M for 652 participants.

#496
in Management of Enterprises (1,137 peers)
-10.5%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Midwestone Financial Group, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Management of Enterprises and all filers

Midwestone Financial Group, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$13,290,819 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

Midwestone Financial Group, Inc. 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. Midwestone Financial Group, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (652 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Midwestone Financial Group, Inc. Employee Stock Ownership Plan reported net income fell from $951K in the plan year 2022 filing to -$2M in the plan year 2023 filing.
  • Midwestone Financial Group, Inc. Employee Stock Ownership Plan end-of-year assets fell from $15M in the plan year 2022 filing to $13M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 421206172 · Midwestone Financial Group, Inc. PY 2023 · ESOP

Midwestone Financial Group, Inc. Employee Stock Ownership Plan · $13M · 652 · 65th

  • VS-ST $13M
  • BOY 652
  • SCH 65th
  • EBSA ESOP
  • PART near Hrst, Inc. Employee Stock Ownership Plan
  • TYPE ind #496

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 →

Midwestone Financial Group, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Gautier Steel Holdings Inc. Employee Stock Ownership PlanGautier Steel Holdings Inc. …$13MMidwestone Financial Group, Inc. Employee Stock Ownership PlanMidwestone Financial Group, …$13MHrst, Inc. Employee Stock Ownership PlanHrst, Inc. Employee Stock Ow…$13MMartin Bros./Marcowall, Inc. Employee Stock Ownership PlanMartin Bros./Marcowall, Inc.…$13MToc Employee Stock Ownership PlanToc Employee Stock Ownership…$13M
End-of-year total assets ($M) among Midwestone Financial Group, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Management of Enterprises filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$13M
Net Income-$2M
Employer EIN421206172
Plan Effective Date1985-12-31
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 ESOP Plans in Iowa

Peer ESOP plans, same state, same plan type, ranked by total assets.

Midwestone Financial Group, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. 60070080090010001100 -20002004006008001000 Total assets ($M) Participants Midwestone Financial Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 13.290819 · Participants: 652Midwestone Financial Group, Inc. 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
Midwestone Financial Group, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Midwestone Financial Group, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Midwestone Financial Group, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Hrst, Inc. Employee Stock Ownership Plan in MN ($13M); by covered participants it is Kentuckiana Comfort Center, Inc. Employee Stock Ownership Plan in KY (650 participants). Same-state nearby plans are listed separately above.

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. Employee Stock Ownership Plan assets move in 2023? ▼
Midwestone Financial Group, Inc. Employee Stock Ownership Plan pulled back noticeably - down 10.5% during 2023, from $15M to $13M. Reported net income was -$2M.
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.
Which ESOP plans are similar in size to Midwestone Financial Group, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Hrst, Inc. Employee Stock Ownership Plan in MN ($13M, 62 participants).
Which ESOP plans cover a similar participant headcount to Midwestone Financial Group, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Kentuckiana Comfort Center, Inc. Employee Stock Ownership Plan in KY (650 participants, $94M 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.