401(k) · DOL Form 5500 · 2024

Bank Midwest 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
189
Participants Below avg headcount
78th
Percentile by assets National rank
$170,200
Avg per participant Above avg balance/head
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Official DOL plan name: Bank Midwest 401(k) Profit Sharing Plan & Trust · Sponsored by Bank Midwest · Iowa · Management of Enterprises

$32M in assets, 189 participants

Bank Midwest's Bank Midwest 401(k) Profit Sharing Plan & Trust reported $32M in total assets and 189 participants in its 2024 DOL Form 5500 filing, ranking in the 78th 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.

  • #685 in Management of Enterprises (1,133 peers)

Coverage in Iowa

Bank Midwest 401(k) Profit Sharing Plan & Trust covers 189 participants in Iowa, about 31% of the average Iowa filer (state average ~609 per filing). Assets: $32M.

#685
in Management of Enterprises (1,133 peers)
+6.4%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Bank Midwest 401(k) Profit Sharing Plan & Trust's outsized position by total assets

Bank Midwest 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

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

$32,167,715 Top 22% higher than 78% 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

Bank Midwest 401(k) Profit Sharing Plan & Trust 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. Bank Midwest 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (189 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bank Midwest 401(k) Profit Sharing Plan & Trust reported net income fell from $3M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Bank Midwest 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $30M in the plan year 2023 filing to $32M in the plan year 2024 filing.
  • Bank Midwest 401(k) Profit Sharing Plan & Trust reported participants fell from 199 in the plan year 2023 filing to 189 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 410256760 · Bank Midwest PY 2024 · 401(k)

Bank Midwest 401(k) Profit Sharing Plan & Trust · $32M · 189 · 78th

  • PCT $32M
  • PCT 189
  • PCT 78th
  • PCT 401(k)
  • PCT near Smith Power Products, Inc. 401(k) Plan
  • PCT ind #685

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 Management of Enterprises retirement plans → · Plans in Iowa →

Bank Midwest 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Bank Midwest 401(k) Profit Sharing Plan & TrustBank Midwest 401(k) Profit S…$32MSmith Power Products, Inc. 401(k) PlanSmith Power Products, Inc. 4…$32MChroma Technology Corp 401(k) Retirement PlanChroma Technology Corp 401(k…$32MElsa LLC 401(k) Savings and Profit Sharing Retirement PlanElsa LLC 401(k) Savings and …$32MY-Prime LLC 401(k) Profit Sharing PlanY-Prime LLC 401(k) Profit Sh…$32M
End-of-year total assets ($M) among Bank Midwest 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Iowa filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$32M
Net Income$2M
Employer EIN410256760
Plan Effective Date1986-01-01
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 401(k) Plans in Iowa

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

Bank Midwest 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -20246 Total assets ($B) Participants Bank Midwest 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.032167715 · Participants: 189Bank Midwest 401(k) Profit Sharing Plan & TrustThe Principal Select Savings Plan, Total assets ($B): 4.579548793 · Participants: 12841The Principal Select Savings PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 3.375271119 · Participants: 14728The Rsm US LLP Retirement PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 3.306182291 · Participants: 25072Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 3.1084169 · Participants: 55411The Hy-Vee and Affiliates 401(k) PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.720479704 · Participants: 8059Transamerica 401(k) Retirement Savings Plan
Bank Midwest 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Bank Midwest 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Bank Midwest 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Smith Power Products, Inc. 401(k) Plan in UT ($32M); by covered participants it is Prevailing Multiple Employer Plan in MD (189 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (189 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 Bank Midwest 401(k) Profit Sharing Plan & Trust assets move in 2024? ▼
Bank Midwest 401(k) Profit Sharing Plan & Trust grew at a solid clip - up 6.4% during 2024, from $30M to $32M. Reported net income was $2M.
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.
Where does Bank Midwest 401(k) Profit Sharing Plan & Trust rank by assets among Form 5500 filers? ▼
Bank Midwest 401(k) Profit Sharing Plan & Trust ranks in the 78th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Bank Midwest 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Smith Power Products, Inc. 401(k) Plan in UT ($32M, 274 participants).
Which 401(k) plans cover a similar participant headcount to Bank Midwest 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Prevailing Multiple Employer Plan in MD (189 participants, N/A 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 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.