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MIDWEST INDEPENDENT BANCSHARES, INC. 401(K) PLAN 401k Plan overview

Plan NameMIDWEST INDEPENDENT BANCSHARES, INC. 401(K) PLAN
Plan identification number 002

MIDWEST INDEPENDENT BANCSHARES, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MIDWEST INDEPENDENT BANCSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name:MIDWEST INDEPENDENT BANCSHARES, INC.
Employer identification number (EIN):431467640
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIDWEST INDEPENDENT BANCSHARES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01BETH UTRECHT2024-04-05 BETH UTRECHT2024-04-05
0022022-01-01BETH UTRECHT2023-02-17 BETH UTRECHT2023-02-17
0022021-01-01BETH UTRECHT2022-06-17 BETH UTRECHT2022-06-17
0022020-01-01JASON HENDERSON2021-05-07
0022019-01-01JASON HENDERSON2020-04-16 JASON HENDERSON2020-04-16
0022018-01-01JASON HENDERSON2019-04-02 JASON HENDERSON2019-04-02
0022017-01-01JASON HENDERSON2018-07-05 JASON HENDERSON2018-07-05
0022016-01-01JENNA KORSMEYER2017-05-01 JENNA KORSMEYER2017-05-01
0022015-01-01JENNA KORSMEYER2016-04-20 JENNA KORSMEYER2016-04-20
0022014-01-01MICHELLE LAWSON2015-04-10 MICHELLE LAWSON2015-04-10
0022013-01-01MICHELLE LAWSON2014-06-06 MICHELLE LAWSON2014-06-06

Plan Statistics for MIDWEST INDEPENDENT BANCSHARES, INC. 401(K) PLAN

401k plan membership statisitcs for MIDWEST INDEPENDENT BANCSHARES, INC. 401(K) PLAN

Measure Date Value
2025: MIDWEST INDEPENDENT BANCSHARES, INC. 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-03-20103
Total number of particpants at end of year2025-03-20105
Number of Participants With Account Balances2025-03-20102
2024: MIDWEST INDEPENDENT BANCSHARES, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-04-05103
Total number of particpants at end of year2024-04-05104
Number of Participants With Account Balances2024-04-05103

Financial Data on MIDWEST INDEPENDENT BANCSHARES, INC. 401(K) PLAN

Measure Date Value
2025 : MIDWEST INDEPENDENT BANCSHARES, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-03-200
Total liabilities as of the end of the plan year2025-03-200
Total liabilities as of the beginning of the plan year2025-03-200
Total expenses incurred by plan in this plan year2025-03-201813360
Net assets as of the end of the plan year2025-03-2024013938
Total assets as of the beginning of the plan year2025-03-2021211987
Value of plan covered by a fidelity bond2025-03-205000000
Participant contributions to plan in this plan year2025-03-20892736
Value of participant loans at end of plan year2025-03-20209992
Other expenses paid from plan in this plan year2025-03-200
Other contributions to plan in this plan year2025-03-20124615
Other income to plan in this plan year2025-03-203196091
Plan net income in this plan year2025-03-202801951
Net assets as of the end of the plan year2025-03-2024013938
Net assets as of the beginning of the plan year2025-03-2021211987
Employer contributions to plan in this plan year2025-03-20401869
Fees paid to broker by Benefit Provider2025-03-2018909
Expensese paid to adminstrative service provicers from plan in this plan year2025-03-2073200
2024 : MIDWEST INDEPENDENT BANCSHARES, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-050
Total liabilities as of the end of the plan year2024-04-050
Total liabilities as of the beginning of the plan year2024-04-050
Total expenses incurred by plan in this plan year2024-04-054609575
Net assets as of the end of the plan year2024-04-0521211987
Total assets as of the beginning of the plan year2024-04-0521201957
Value of plan covered by a fidelity bond2024-04-055000000
Participant contributions to plan in this plan year2024-04-05832707
Value of participant loans at end of plan year2024-04-05110391
Other expenses paid from plan in this plan year2024-04-050
Other contributions to plan in this plan year2024-04-054442
Other income to plan in this plan year2024-04-053394046
Plan net income in this plan year2024-04-0510030
Net assets as of the end of the plan year2024-04-0521211987
Net assets as of the beginning of the plan year2024-04-0521201957
Employer contributions to plan in this plan year2024-04-05388410
Fees paid to broker by Benefit Provider2024-04-0519139
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-0560973

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