401(k) · DOL Form 5500 · 2024

Midland States Bank 401(k) Plan

Data updated 2026-08-25

$127M
Total assets Near avg plan size
916
Participants Near avg headcount
92nd
Percentile by assets National rank
$138,657
Avg per participant Near avg balance/head
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Official DOL plan name: Midland States Bank 401(k) Profit Sharing Plan · Sponsored by Midland States Bank · Illinois · Finance & Insurance

$127M in assets, 916 participants

Midland States Bank's Midland States Bank 401(k) Profit Sharing Plan reported $127M in total assets and 916 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.

  • #7,487 in Finance & Insurance (8,549 peers)

Where Midland States Bank 401(k) Profit Sharing Plan sits by assets

Midland States Bank 401(k) Profit Sharing Plan sits in the top 10% of all filed plans by assets, $127M for 916 participants (~$138,657/participant), up 9.5% in 2024.

#7,487
in Finance & Insurance (8,549 peers)
+9.5%
assets growth YoY
1.3×
vs typical plan assets (national mean)

Midland States Bank 401(k) Profit Sharing Plan's outsized position by total assets

Midland States Bank 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$127,010,208 Top 8% higher than 92% of 123,620 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 2024

Midland States Bank 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Midland States Bank 401(k) Profit Sharing Plan sits mid-pack in the medium band (916 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Midland States Bank 401(k) Profit Sharing Plan reported net income fell from $19M in the plan year 2023 filing to $11M in the plan year 2024 filing.
  • Midland States Bank 401(k) Profit Sharing Plan end-of-year assets rose from $116M in the plan year 2023 filing to $127M in the plan year 2024 filing.
  • Midland States Bank 401(k) Profit Sharing Plan reported participants fell from 938 in the plan year 2023 filing to 916 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 370259550 · Midland States Bank PY 2024 · 401(k)

Midland States Bank 401(k) Profit Sharing Plan · $127M · 916 · 92nd

  • PCT $127M
  • EIN 916
  • RANK 92nd
  • PHOTO 401(k)
  • IND near Borland-Groover Clinic, P.a. Profit Sharing Plan and Trust
  • EOY ind #7487

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 →

Midland States Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Midland States Bank 401(k) Profit Sharing PlanMidland States Bank 401(k) P…$127MBorland-Groover Clinic, P.a. Profit Sharing Plan and TrustBorland-Groover Clinic, P.a.…$127MElectrolux Home Products, Inc. Thrift PlanElectrolux Home Products, In…$127MNn, Inc. 401(k) Profit Sharing PlanNn, Inc. 401(k) Profit Shari…$127MStand Together Benefits, LLC 401(k) PlanStand Together Benefits, LLC…$127M
End-of-year total assets ($M) among Midland States Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$116M
Net Assets (End of Year)$127M
Net Income$11M
Employer EIN370259550
Plan Effective Date1969-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Midland States Bank)

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

Nearby 401(k) Plans in Illinois

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

Midland States Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants Midland States Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.127010208 · Participants: 916Midland States Bank 401(k) Profit Sharing PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 21.302643276 · Participants: 66965Accenture United States 401(k) Match and Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 19.010099056 · Participants: 63297State Farm 401(k) Savings PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 16.835964452 · Participants: 16659United Airlines Pilot Retirement Account PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 15.755668 · Participants: 38229Abbott Laboratories Stock Retirement PlanWalgreens Retirement Savings Plan, Total assets ($B): 14.535873337 · Participants: 233635Walgreens Retirement Savings Plan
Midland States Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Midland States Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Midland States Bank 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 Borland-Groover Clinic, P.a. Profit Sharing Plan and Trust in FL ($127M); by covered participants it is Public Company Accounting Oversight Board Investment & Savings Plan in DC (916 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($127M here).

Similar participant headcount

Nearest other-state filings by covered participants (916 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Midland States Bank 401(k) Profit Sharing Plan assets move in 2024? ▼
Midland States Bank 401(k) Profit Sharing Plan grew at a solid clip - up 9.5% during 2024, from $116M to $127M. Reported net income was $11M.
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.
Where does Midland States Bank 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Midland States Bank 401(k) Profit Sharing Plan ranks in the 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Midland States Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Borland-Groover Clinic, P.a. Profit Sharing Plan and Trust in FL ($127M, 807 participants).
Which 401(k) plans cover a similar participant headcount to Midland States Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Public Company Accounting Oversight Board Investment & Savings Plan in DC (916 participants, $584M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.