First Mid Bancshares, Inc. 401(k) Plan: Login, Facts & Contact Information

First Mid Bancshares, Inc. 401(k) Plan Facts

Plan name
FIRST MID BANCSHARES, INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FIRST MID BANCSHARES, INC.
Participants
1,692 (1,173 active employees)
Former employees with a balance
375
Plan assets
$172,646,342 at Dec 31, 2024
Average account balance
$108,174 across 1,596 accounts
Employer contributions
$4,829,218 in plan year 2024 (36% of all contributions)
Recordkeeper
T Rowe Price Rps Inc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1985
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jul 30, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $13.3 million went into the plan in contributions, $4.83 million of it from the employer (36%).
  • $17.4 million was paid out to participants.
  • Investment and other income added $21.3 million.
  • Administrative expenses were $20,180, about $13 per account.

How the First Mid Bancshares, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019885$100.1 million$2.52 million$9.32 million
20201,162$115.4 million$2.76 million$6.22 million
20211,170$141.8 million$3.39 million$14.4 million
20221,417$121.7 million$3.93 million$12.3 million
20231,502$155.5 million$4.11 million$19.0 million
20241,692$172.6 million$4.83 million$17.4 million

First Mid Bancshares, Inc. 401(k) Contact Information

Phone
217-258-0412
Mailing address
1421 CHARLESTON AVE, MATTOON IL 61938
Plan sponsor
FIRST MID BANCSHARES, INC.
Employer identification number (EIN)
37-1103704
Plan number
002

Questions about the First Mid Bancshares, Inc. 401(k)

Does First Mid Bancshares, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $4.83 million, 36% of all contributions.

Does the First Mid Bancshares, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the First Mid Bancshares, Inc 401(k) plan?

1,692 participants at the start of plan year 2024, 1,173 of them active employees, and 375 former employees who still had money in the plan.

What is the average 401(k) balance at First Mid Bancshares, Inc?

About $108,174 per account: $172.6 million in plan assets across 1,596 accounts with a balance at the end of plan year 2024.

Who manages the First Mid Bancshares, Inc 401(k) accounts?

T. Rowe Price (listed on the filing as T ROWE PRICE RPS INC) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at First Mid Bancshares, Inc. How do I access my 401(k)?

Your account stays with T. Rowe Price 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.

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