Bank Midwest 401(k) Plan: Login, Facts & Contact Information
Bank Midwest 401(k) Login
51 former Bank Midwest employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2024 filing.
Bank Midwest 401(k) Plan Facts
Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 19, 2025. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2024
- $1.93 million went into the plan in contributions, $451,743 of it from the employer (23%).
- $3.82 million was paid out to participants.
- Investment and other income added $3.88 million.
- Administrative expenses were $2,500, about $11 per account.
How the Bank Midwest 401(k) changed, 2019–2024
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2019 | 227 | $27.5 million | $387,161 | $2.12 million |
| 2020 | 223 | $30.7 million | $373,320 | $3.03 million |
| 2021 | 217 | $34.0 million | $406,474 | $2.75 million |
| 2022 | 225 | $27.4 million | $413,835 | $1.85 million |
| 2023 | 239 | $30.2 million | $445,039 | $3.74 million |
| 2024 | 229 | $32.2 million | $451,743 | $3.82 million |
Bank Midwest 401(k) Contact Information
Questions about the Bank Midwest 401(k)
Does Bank Midwest contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $451,743, 23% of all contributions.
Does the Bank Midwest 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Bank Midwest 401(k) plan?
229 participants at the start of plan year 2024, 188 of them active employees, and 51 former employees who still had money in the plan.
What is the average 401(k) balance at Bank Midwest?
About $138,654 per account: $32.2 million in plan assets across 232 accounts with a balance at the end of plan year 2024.
Who manages the Bank Midwest 401(k) accounts?
Alerus (listed on the filing as ALERUS FINANCIAL, N.A.) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Bank Midwest. How do I access my 401(k)?
Your account stays with Alerus after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.