Midwest Community Bancshares 401(k) match, vesting and fees
What Midwest Community Bancshares' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Great-West Life & Annuity Insurance | 2023 Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Midwest Community Bancshares: employer contribution per participant | $1,719 | |
| Peer median | $2,868 |
| Midwest Community Bancshares: average balance | $97,103 | |
| Peer median | $95,281 |
| Midwest Community Bancshares: admin expenses ÷ assets | 0.08% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $13.8M at the end of plan year 2021 to $16M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 177 | $16M | $284K | $1,719 | 0.08% | Not published | Form 5500 ↗ |
| 2023 | 168 | $14.8M | $264K | $1,672 | 0.28% | Not published | Form 5500 ↗ |
| 2022 | 174 | $13.1M | $268K | $1,675 | 0.20% | Not published | Form 5500 ↗ |
| 2021 | 144 | $13.8M | $227K | $1,679 | 0.21% | Not published | Form 5500 ↗ |
Common questions
Does Midwest Community Bancshares match 401(k) contributions?
The match terms for the Midwest Community Bancshares, Inc. Safe Harbor 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $284K in employer contributions, about $1,719 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Midwest Community Bancshares 401(k) match vested?
The vesting schedule for the Midwest Community Bancshares, Inc. Safe Harbor 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Midwest Community Bancshares 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Great-West Life & Annuity Insurance. The plan administrator is Midwest Community Bancshares, Inc..
I left Midwest Community Bancshares. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Midwest Community Bancshares, Inc., (618) 997-4341) or the recordkeeper, Great-West Life & Annuity Insurance. The Midwest Community Bancshares old 401(k) page lists the contacts from every plan filing. Find an old Midwest Community Bancshares 401(k)
Data from the public Form 5500 annual reports Midwest Community Bancshares filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Midwest Community Bancshares. Not financial advice. Report a correction · Methodology