Plan Snapshot
- Plan Sponsor: Midstates Bank, National Association
- Sponsor EIN: 420296630
- Sponsor Address: 812 DURANT ST, HARLAN, IA, 515370717
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 124
- Total Assets: $17.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 124 | $17.1M | $0 | $0 |
| 2024 | 98 | $15.6M | $266,086 | $589,439 |
| 2023 | 105 | $15.1M | $277,100 | $633,901 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC. | Investment Advisor | $23,993 | — | $23,993 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,993
- Estimated Expense Ratio: 0.141% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $1,839,097 | — | — | — | — |
| 2024 | $352 | — | — | — | — |
| 2023 | $100 | — | — | — | — |