ESOP · DOL Form 5500 · 2024

Bank Midwest ESOP

Data updated 2026-08-25

$14M
Total assets Small plan by assets
184
Participants Below avg headcount
62nd
Percentile by assets National rank
$74,117
Avg per participant Below avg balance/head
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Official DOL plan name: Bank Midwest and Affiliates Employee Stock Ownership Plan · Sponsored by Bank Midwest · Iowa · Finance & Insurance

$14M in assets, 184 participants

Bank Midwest's Bank Midwest and Affiliates Employee Stock Ownership Plan reported $14M in total assets and 184 participants in its 2024 DOL Form 5500 filing, ranking in the 62nd 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.

  • #3,957 in Finance & Insurance (8,549 peers)

Coverage in Iowa

Bank Midwest and Affiliates Employee Stock Ownership Plan covers 184 participants in Iowa, about 30% of the average Iowa filer (state average ~609 per filing). Assets: $14M.

#3,957
in Finance & Insurance (8,549 peers)
+1.4%
assets growth YoY

Bank Midwest and Affiliates Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Bank Midwest and Affiliates Employee Stock Ownership Plan vs every filed plan by assets

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

$13,637,453 Top 38% higher than 62% 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 and Affiliates Employee Stock Ownership 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. Bank Midwest and Affiliates Employee Stock Ownership Plan sits mid-pack in the medium band (184 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bank Midwest and Affiliates Employee Stock Ownership Plan reported net income rose from -$447K in the plan year 2023 filing to $190K in the plan year 2024 filing.
  • Bank Midwest and Affiliates Employee Stock Ownership Plan reported participants rose from 179 in the plan year 2023 filing to 184 in the plan year 2024 filing.
  • Bank Midwest and Affiliates Employee Stock Ownership Plan end-of-year assets rose from $13M in the plan year 2023 filing to $14M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 410256760 · Bank Midwest PY 2024 · ESOP

Bank Midwest and Affiliates Employee Stock Ownership Plan · $14M · 184 · 62nd

  • EBSA $14M
  • EBSA 184
  • EBSA 62nd
  • EBSA ESOP
  • EBSA near Martin/Brattrud, Inc. Employee Stock Ownership Plan
  • EBSA ind #3957

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 What is an ESOP? → · Plans in Iowa →

Bank Midwest and Affiliates Employee Stock Ownership Plan in the asset neighbourhood

Southeastern Surveying and Mapping Corporation Employee Stock OwnershipSoutheastern Surveying and M…$14MMartin/Brattrud, Inc. Employee Stock Ownership PlanMartin/Brattrud, Inc. Employ…$14MRpm Group, Inc. Employee Stock Ownership PlanRpm Group, Inc. Employee Sto…$14MBank Midwest and Affiliates Employee Stock Ownership PlanBank Midwest and Affiliates …$14MGabriel, Roeder, Smith & Company Holdings, Inc. Employee Stock Ownership PlanGabriel, Roeder, Smith & Com…$14M
End-of-year total assets ($M) among Bank Midwest and Affiliates Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Iowa filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$14M
Net Income$190K
Employer EIN410256760
Plan Effective Date1996-01-01
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 ESOP Plans in Iowa

Peer ESOP plans, same state, same plan type, ranked by total assets.

Bank Midwest and Affiliates Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. 050010001500 -20002004006008001000 Total assets ($M) Participants Bank Midwest and Affiliates Employee Stock Ownership Plan, Total assets ($M): 13.637453 · Participants: 184Bank Midwest and Affiliates Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 877.41862 · Participants: 819Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 658.666503 · Participants: 849Van Meter Industrial, Inc. Employee Stock Ownership PlanIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 498.079165 · Participants: 907Ita Group Holdings, Inc. Employees' Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 472.977214 · Participants: 658Precision, Inc. Employee Stock Ownership Plan and TrustVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 426.304167 · Participants: 1169Vgm Group, Inc. Employee Stock Ownership Plan
Bank Midwest and Affiliates Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Bank Midwest and Affiliates Employee Stock Ownership Plan side-by-side with 3 peers →

Bank Midwest and Affiliates Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Martin/Brattrud, Inc. Employee Stock Ownership Plan in CA ($14M); by covered participants it is Owl's Head Alloys Employee Stock Ownership Plan in KY (184 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (184 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 and Affiliates Employee Stock Ownership Plan assets move in 2024? ▼
Bank Midwest and Affiliates Employee Stock Ownership Plan edged up modestly - up 1.4% during 2024, from $13M to $14M. Reported net income was $190K.
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.
Which ESOP plans are similar in size to Bank Midwest and Affiliates Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Martin/Brattrud, Inc. Employee Stock Ownership Plan in CA ($14M, 163 participants).
Which ESOP plans cover a similar participant headcount to Bank Midwest and Affiliates Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Owl's Head Alloys Employee Stock Ownership Plan in KY (184 participants, $54M 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.