401(k) · DOL Form 5500 · 2024

Midwest Technical Institute, Inc. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
303
Participants Below avg headcount
51st
Percentile by assets National rank
$26,107
Avg per participant Low balance/head
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Official DOL plan name: Midwest Technical Institute 401(k) Plan · Sponsored by Midwest Technical Institute, Inc. · Illinois · Educational Services

$8M in assets, 303 participants

Midwest Technical Institute, Inc.'s Midwest Technical Institute 401(k) Plan reported $8M in total assets and 303 participants in its 2024 DOL Form 5500 filing, ranking in the 51st 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.

  • #1,241 in Educational Services (3,638 peers)

Coverage in Illinois

Midwest Technical Institute 401(k) Plan covers 303 participants in Illinois, about 39% of the average Illinois filer (state average ~779 per filing). Assets: $8M.

#1,241
in Educational Services (3,638 peers)
+20.5%
assets growth YoY

Midwest Technical Institute 401(k) Plan's mid-pack asset rank among Educational Services and all filers

Midwest Technical Institute 401(k) Plan vs every filed plan by assets

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

$7,910,496 Top 49% higher than 51% 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

Midwest Technical Institute 401(k) 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. Midwest Technical Institute 401(k) Plan sits mid-pack in the medium band (303 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Midwest Technical Institute 401(k) Plan end-of-year assets rose from $7M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Midwest Technical Institute 401(k) Plan reported net income rose from $1M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Midwest Technical Institute 401(k) Plan reported participants rose from 291 in the plan year 2023 filing to 303 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 371347328 · Midwest Technical Institute, Inc. PY 2024 · 401(k)

Midwest Technical Institute 401(k) Plan · $8M · 303 · 51st

  • IND $8M
  • EOY 303
  • 5500 51st
  • ASSETS 401(k)
  • PCT near Magbee Bros. Lumber and Supply Company, Inc. Profit Sharing Plan
  • EIN ind #1241

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 Educational Services retirement plans → · Plans in Illinois →

Midwest Technical Institute 401(k) Plan in the asset neighbourhood

Midwest Technical Institute 401(k) PlanMidwest Technical Institute …$8MMagbee Bros. Lumber and Supply Company, Inc. Profit Sharing PlanMagbee Bros. Lumber and Supp…$8MAdvanced Turbine Support, LLC 401(k)Advanced Turbine Support, LL…$8MMolloy Bros Trucking Inc 401(k) Profit Sharing Plan & TrustMolloy Bros Trucking Inc 401…$8MTamr, Inc. 401(k) Plan$8M
End-of-year total assets ($M) among Midwest Technical Institute 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Illinois filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$1M
Employer EIN371347328
Plan Effective Date2009-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Midwest Technical Institute, Inc.)

Sponsor-wide plan assets over time

All Midwest Technical Institute, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 49.41671635893349% vs 2022
2024 filing year
$5M$6M$7M$8M$9M 202220232024 $5.29M $7.91M ▲ +49.5%
Year Plans Participants Total Assets
2022 1 311 $5M
2023 1 291 $7M
2024 1 303 $8M

Nearby 401(k) Plans in Illinois

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

Midwest Technical Institute 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants Midwest Technical Institute 401(k) Plan, Total assets ($B): 0.007910496 · Participants: 303Midwest Technical Institute 401(k) 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
Midwest Technical Institute 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Midwest Technical Institute 401(k) Plan side-by-side with 3 peers →

Midwest Technical Institute 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Magbee Bros. Lumber and Supply Company, Inc. Profit Sharing Plan in GA ($8M); by covered participants it is New Horizon Counseling Center, Inc. 401(k) Profit Sharing Plan in NY (303 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (303 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 Midwest Technical Institute 401(k) Plan assets move in 2024? ▼
Midwest Technical Institute 401(k) Plan grew sharply - up 20.5% during 2024, from $7M to $8M. Reported net income was $1M.
How have Midwest Technical Institute, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Midwest Technical Institute, Inc.'s sponsor-wide assets grew 49.4%, from $5M to $8M.
Which 401(k) plans are similar in size to Midwest Technical Institute 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Magbee Bros. Lumber and Supply Company, Inc. Profit Sharing Plan in GA ($8M, 228 participants).
Which 401(k) plans cover a similar participant headcount to Midwest Technical Institute 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is New Horizon Counseling Center, Inc. 401(k) Profit Sharing Plan in NY (303 participants, $11M 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 371347328.

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.