401(k) · DOL Form 5500 · 2024

Bank Midwest 401(k) Plan

Data updated 2026-08-11

$32M
Total assets
189
Participants
78th
Percentile by assets
$170,200
Avg per participant
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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.

  • 78th percentile by assets (of 123,622 plans)
  • #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.

$32M
total plan assets (2024 EOY)
189
covered participants
78th
percentile by assets (of 123,622 plans)
$170,200
avg assets per participant

Where Bank Midwest 401(k) Profit Sharing Plan & Trust sits 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 $2,010,000,000 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

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 →

State
Iowa
Industry
Management of Enterprises

Participants vs Iowa filers

In Iowa, the average filing covers about 609 participants across 1,246 plans. Bank Midwest 401(k) Profit Sharing Plan & Trust reports 189 participants - about 31% of that state average ($32M EOY assets).

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)

$40M$42M$44M$46M$48M 202220232024 $41.3M $45.8M ▲ +11.1%
Total plan assets by year, all Bank Midwest plans on file
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 ($B) Participants Bank Midwest 401(k) …, Total assets ($B): 0.032167715 · Participants: 189Bank Midwest 401(k) …The Principal Select…, Total assets ($B): 4.579548793 · Participants: 12841The Principal Select…The Rsm US LLP Retir…, Total assets ($B): 3.375271119 · Participants: 14728The Rsm US LLP Retir…Iowa Health System S…, Total assets ($B): 3.306182291 · Participants: 25072Iowa Health System S…The Hy-Vee and Affil…, Total assets ($B): 3.1084169 · Participants: 55411The Hy-Vee and Affil…Transamerica 401(k) …, Total assets ($B): 2.720479704 · Participants: 8059Transamerica 401(k) …
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 … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Bank Midwest 401(k) Profit Sharing Plan & Trust by total assets, not by location.

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).

Next read for Bank Midwest 401(k) Profit Sharing Plan …

Filing takeaways

Ways to act on Bank Midwest 401(k) Profit Sharing Plan & Trust's numbers.

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.