Midwest Energy Cooperative 401(k) Plan: Login, Facts & Contact Information

Midwest Energy Cooperative 401(k) Plan Facts

Plan name
MIDWEST ENERGY INCENTIVE SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MIDWEST ENERGY COOPERATIVE
Participants
204 (175 active employees)
Former employees with a balance
25
Plan assets
$27,433,241 at Dec 31, 2024
Average account balance
$138,552 across 198 accounts
Employer contributions
$1,452,973 in plan year 2024 (48% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1988
✓ 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 Oct 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.03 million went into the plan in contributions, $1.45 million of it from the employer (48%).
  • $1.38 million was paid out to participants.
  • Investment and other income added $3.16 million.
  • Administrative expenses were $96,565, about $488 per account.

How the Midwest Energy Cooperative 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019149$16.0 million$677,482$1.06 million
2020157$18.5 million$811,707$1.69 million
2021163$22.4 million$927,404$1.37 million
2022178$18.4 million$1.05 million$2.41 million
2023193$22.7 million$1.20 million$1.27 million
2024204$27.4 million$1.45 million$1.38 million

Midwest Energy Cooperative 401(k) Contact Information

Phone
269-445-1094
Mailing address
60590 DECATUR RD, CASSOPOLIS MI 49031
Plan sponsor
MIDWEST ENERGY COOPERATIVE
Employer identification number (EIN)
38-3386126
Plan number
002

Questions about the Midwest Energy Cooperative 401(k)

Does Midwest Energy Cooperative contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.45 million, 48% of all contributions.

Does the Midwest Energy Cooperative 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Midwest Energy Cooperative 401(k) plan?

204 participants at the start of plan year 2024, 175 of them active employees, and 25 former employees who still had money in the plan.

What is the average 401(k) balance at Midwest Energy Cooperative?

About $138,552 per account: $27.4 million in plan assets across 198 accounts with a balance at the end of plan year 2024.

Who manages the Midwest Energy Cooperative 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Midwest Energy Cooperative. How do I access my 401(k)?

Your account stays with Principal 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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