Defined Benefit (Pension) · DOL Form 5500 · 2023

Midland States Bank Pension Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
10
Participants Small participant base
63rd
Percentile by assets National rank
$1.2M
Avg per participant High balance/head
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Official DOL plan name: Defined Benefit Pension Plan for Former Heartland Bank Employees · Sponsored by Midland States Bank · Illinois · Finance & Insurance

$12M in assets, 10 participants

Midland States Bank's Defined Benefit Pension Plan for Former Heartland Bank Employees reported $12M in total assets and 10 participants in its 2023 DOL Form 5500 filing, ranking in the 63rd 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.

  • #4,211 in Finance & Insurance (8,869 peers)

Midland States Bank multi-year trail

Midland States Bank's plans moved +15.6% in assets from 2022 to 2024; this filing shows Defined Benefit Pension Plan for Former Heartland Bank Employees at $12M / 10 participants.

#4,211
in Finance & Insurance (8,869 peers)
-5.8%
assets change YoY

The plan reported a net loss of $746K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Defined Benefit Pension Plan for Former Heartland Bank Employees's mid-pack asset rank among Finance & Insurance and all filers

Defined Benefit Pension Plan for Former Heartland Bank Employees vs every filed plan by assets

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

$12,019,959 Top 37% higher than 63% 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

Defined Benefit Pension Plan for Former Heartland Bank Employees among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Defined Benefit Pension Plan for Former Heartland Bank Employees is a micro filing (10 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Defined Benefit Pension Plan for Former Heartland Bank Employees reported net income rose from -$1M in the plan year 2022 filing to -$746K in the plan year 2023 filing.
  • Defined Benefit Pension Plan for Former Heartland Bank Employees end-of-year assets fell from $13M in the plan year 2022 filing to $12M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 370259550 · Midland States Bank PY 2023 · Defined Benefit (Pension)

Defined Benefit Pension Plan for Former Heartland Bank Employees · $12M · 10 · 63rd

  • VS-ST $12M
  • VS-ST 10
  • VS-ST 63rd
  • VS-ST Defined Benefit (Pension)
  • VS-ST near Colonial Parking, Inc. Pension Plan
  • VS-ST ind #4211

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 →

Defined Benefit Pension Plan for Former Heartland Bank Employees in the asset neighbourhood

Orthopaedic Institute of Ohio, Inc. / Institute for Orthpaedic Surgery Cash Balance PlanOrthopaedic Institute of Ohi…$12MSpringfield Neurological Institute, LLC Cash Balance PlanSpringfield Neurological Ins…$12MDefined Benefit Pension Plan for Former Heartland Bank EmployeesDefined Benefit Pension Plan…$12MColonial Parking, Inc. Pension PlanColonial Parking, Inc. Pensi…$12MGrant County Bank Defined Benefit PlanGrant County Bank Defined Be…$12M
End-of-year total assets ($M) among Defined Benefit Pension Plan for Former Heartland Bank Employees and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Midland States Bank multi-year asset trail

Sponsor-wide plan assets over time

All Midland States Bank plans reported in each filing year

Latest sponsor-wide plan assets
$127M 15.551337734945662% vs 2022
2024 filing year
$100M$110M$120M$130M 202220232024 $110M $127M ▲ +15.5%
Year Plans Participants Total Assets
2022 2 928 $110M
2023 2 948 $128M
2024 2 924 $127M

Midland States Bank filing trail (2023)

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$12M
Net Income-$746K
Employer EIN370259550
Plan Effective Date1969-01-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Illinois

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Defined Benefit Pension Plan for Former Heartland Bank Employees vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -200204060 Total assets ($B) Participants Defined Benefit Pension Plan for Former Heartland Bank Employees, Total assets ($B): 0.012019959 · Participants: 10Defined Benefit Pension Plan for Former Heartland Bank EmployeesCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 49.680270595 · Participants: 48538Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 35.242945747 · Participants: 45001State Farm Insurance Companies Retirement Plan for United States EmployeesUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.965094339 · Participants: 20680United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.960744597 · Participants: 16346John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 7.819798504 · Participants: 17382Abbott Laboratories Annuity Retirement Plan
Defined Benefit Pension Plan for Former Heartland Bank Employees vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Defined Benefit Pension Plan for Former Heartland Bank Employees side-by-side with 3 peers →

Defined Benefit Pension Plan for Former Heartland Bank Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Colonial Parking, Inc. Pension Plan in DC ($12M); by covered participants it is Turley Dental Corporation Defined Benefit Pension Plan in CA (10 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (10 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 Defined Benefit Pension Plan for Former Heartland Bank Employees assets move in 2023? ▼
Defined Benefit Pension Plan for Former Heartland Bank Employees pulled back noticeably - down 5.8% during 2023, from $13M to $12M. Reported net income was -$746K.
How have Midland States Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Midland States Bank's sponsor-wide assets grew 15.6%, from $110M to $127M.
Which Defined Benefit (Pension) plans are similar in size to Defined Benefit Pension Plan for Former Heartland Bank Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Colonial Parking, Inc. Pension Plan in DC ($12M, 162 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Defined Benefit Pension Plan for Former Heartland Bank Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Turley Dental Corporation Defined Benefit Pension Plan in CA (10 participants, $3M 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 370259550.

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.