How big is Bank Midwest's plan?

Bank Midwest's plan reported $32.2M in assets and 188 participants for 2024.

Original filing (PDF)20250919082829NAL0004990306001

Bank Midwest

Name: Bank Midwest — Bank Midwest 401(k) Profit Sharing, Form 5500 (2024)
Creator: Bank Midwest
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Bank Midwest 401(k) Profit Sharing Plan & Trust

401(k) retirement plan · Bank Midwest's Bank Midwest 401(k) Profit Sharing Plan & Trust held $32.2M in plan assets for 188 participants in 2024, with Alerus as recordkeeper.

Active participants

188

Accounts w/ balance

232

Plan assets (EOY)

$32.2M

Net assets (EOY)

$32.2M

People on this filing

JILL Appel signed Bank Midwest's 2024 Form 5500 as plan administrator.

JILL Appel — Plan Administrator — Form 5500 signer
Mark Dykema — Employer / Plan Sponsor — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Bank Midwest's EIN is 41-0256760.

EIN 41-0256760

Plan number 002

Plan year 2024

ACK ID 20250919082829NAL0004990306001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Bank Midwest from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Bank Midwest's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for BANK MIDWEST.

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How this plan invests

This plan

1 pooled trust

Schedule D

32 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

100

Total plan cost

Plan health

Vendor & structure

100

Helping the score

Below-peer total plan cost (94th percentile).
High average account balance (87th percentile).

Plan sponsor

Name

BANK MIDWEST

EIN

all filings

Address

1102 SANBORN AVE · OKOBOJI, IA · 51355

Phone

(712) 336-0505

Industry

Management of Companies / Holdings

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

002

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-09-19

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

3H · Sponsor in controlled / affiliated group

Service providers (Schedule C)

1 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
ALERUS FINANCIAL, N.A.	45-6062081	—	NONE	$3K	—

Investments

32 direct securities · 1 pooled fund· $32.1M(100% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Other securities

$17.3M

11 holdings

Mutual Funds

$6.7M

18 holdings

Common Collective Trusts

$6.1M

2 holdings

Common Collective Trust

$1.1M

1 holding

Common Stocks

$908K

1 holding

					% of plan
Vanguard 500 Index Admiral Fund Mutual fund N/A	Common Collective Trusts	—	—	$4.9M	15.2%
Baird Core Plus Bond Mutual fund N/A	Other securities	—	—	$4.5M	14.0%
T. Rowe Price Growth Stock Fund Mutual fund N/A	Other securities	—	—	$3.9M	12.1%
Columbia Dividend Income Instl Mutual fund N/A	Other securities	—	—	$3.0M	9.3%
American Funds New Perspective Class A Fund Mutual fund N/A	Mutual Funds	—	—	$2.3M	7.2%
American Europacific Growth Class A Mutual fund N/A	Other securities	—	—	$1.9M	6.0%
Vanguard Index Trust Mid Cap Index Admiral SHS Fund Mutual fund N/A	Common Collective Trusts	—	—	$1.2M	3.7%
GALLIARD STABLE RETURN FUND SEI TRUST COMPANY · EIN 52-2250957 / PN 001	Common Collective Trust	—	—	$1.1M	3.3%
Vanguard Small Cap Index Admiral Fund Mutual fund N/A	Mutual Funds	—	—	$919K	2.9%
Principal Investors High Yield II CL A Mutual fund N/A	Common Stocks	—	—	$908K	2.8%
Blackrock Emerging Markets Mutual fund N/A	Other securities	—	—	$821K	2.6%
T. Rowe Price New Horizons Mutual fund N/A	Other securities	—	—	$774K	2.4%
JP Morgan Mid Cap Value Fund Class L Mutual fund N/A	Other securities	—	—	$767K	2.4%
Fidelity Freedom 2035 Mutual fund N/A	Mutual Funds	—	—	$739K	2.3%
Fidelity Instl Invs Tr Freedom 2030 Fund Mutual fund N/A	Mutual Funds	—	—	$735K	2.3%
Janus Henderson Venture I Mutual fund N/A	Mutual Funds	—	—	$692K	2.2%
American Beacon Small Cap Value Y Mutual fund N/A	Other securities	—	—	$579K	1.8%
Baron Asset Fund Sh Ben Int Mutual fund N/A	Other securities	—	—	$501K	1.6%
American Balanced Fund #11 Class A Mutual fund N/A	Other securities	—	—	$451K	1.4%
Fidelity Freedom 2025 Mutual fund N/A	Mutual Funds	—	—	$343K	1.1%
Dimensional Real Estate Securities Mutual fund N/A	Mutual Funds	—	—	$204K	0.6%
Fidelity Freedom 2045 Mutual fund N/A	Mutual Funds	—	—	$170K	0.5%
Fidelity Freedom Income fund Mutual fund N/A	Mutual Funds	—	—	$142K	0.4%
Fidelity Instl Invs Tr Freedom 2020 Fund Mutual fund N/A	Mutual Funds	—	—	$120K	0.4%
Fidelity Freedom 2055 Mutual fund N/A	Mutual Funds	—	—	$103K	0.3%
Allspring Government Securities FDA Mutual fund N/A	Other securities	—	—	$100K	0.3%
Fidelity Freedom 2050 Mutual fund N/A	Mutual Funds	—	—	$72K	0.2%
PIMCO Global Bond Opportunities Mutual fund N/A	Mutual Funds	—	—	$72K	0.2%
Fidelity Freedom 2060 Mutual fund N/A	Mutual Funds	—	—	$51K	0.2%
Fidelity Freedom 2015 Mutual fund N/A	Mutual Funds	—	—	$34K	0.1%
Dimensional Inflation-Protected Securities I Mutual fund N/A	Mutual Funds	—	—	$14K	<0.1%
Fidelity Freedom 2065 Mutual fund N/A	Mutual Funds	—	—	$13K	<0.1%
Fidelity Freedom 2040 Mutual fund N/A	Mutual Funds	—	—	$11K	<0.1%