Midwest Technical Institute, Inc. 401(k) Plan: Login, Facts & Contact Information

Midwest Technical Institute, Inc. 401(k) Plan Facts

Plan name
MIDWEST TECHNICAL INSTITUTE 401K PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MIDWEST TECHNICAL INSTITUTE, INC.
Participants
365 (291 active employees)
Former employees with a balance
69
Plan assets
$7,910,496 at Dec 31, 2024
Average account balance
$37,849 across 209 accounts
Employer contributions
$338,661 in plan year 2024 (40% of all contributions)
Recordkeeper
John Hancock Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2009
✓ 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

  • $858,378 went into the plan in contributions, $338,661 of it from the employer (40%).
  • $294,577 was paid out to participants.
  • Investment and other income added $838,420.
  • Administrative expenses were $58,040, about $278 per account.

How the Midwest Technical Institute, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019343$4.04 million$264,375$369,218
2020338$5.28 million$296,336$210,257
2021363$6.45 million$336,423$426,541
2022384$5.29 million$314,605$771,805
2023347$6.57 million$302,849$399,046
2024365$7.91 million$338,661$294,577

Midwest Technical Institute, Inc. 401(k) Contact Information

Phone
217-527-8882
Mailing address
2731 N FARMERS MKT ROAD, SPRINGFIELD IL 62707
Plan sponsor
MIDWEST TECHNICAL INSTITUTE, INC.
Employer identification number (EIN)
37-1347328
Plan number
001

Questions about the Midwest Technical Institute, Inc. 401(k)

Does Midwest Technical Institute, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $338,661, 40% of all contributions.

Does the Midwest Technical Institute, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Midwest Technical Institute, Inc 401(k) plan?

365 participants at the start of plan year 2024, 291 of them active employees, and 69 former employees who still had money in the plan.

What is the average 401(k) balance at Midwest Technical Institute, Inc?

About $37,849 per account: $7.91 million in plan assets across 209 accounts with a balance at the end of plan year 2024.

Who manages the Midwest Technical Institute, Inc 401(k) accounts?

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

I no longer work at Midwest Technical Institute, Inc. How do I access my 401(k)?

Your account stays with John Hancock 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.

Related Companies
Headquarter: 1510 COUNTRY CLUB PARKWAY PO BOX 770, ELKHORN, WI, 531210770
Headquarter: STUDIO AT THE FOUNTAINS 3A-SUITE 22 1500 MEDICAL CENTER, MURFREESBORO, TN, 37129
Headquarter: 25 MADISON AVENUE, NEW YORK, NY, 10010
Headquarter: 500 KENDALL STREET, CAMBRIDGE, MA, 02142
Headquarter: 3050 BOWERS AVE. M/S 1221, SANTA CLARA, CA, 95052