# Midwest Community Bancshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/midwest-community-bancshares-inc-401k-plan

> Midwest Community Bancshares, INC.'s 401(k) plan: 144 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Midwest Community Bancshares, INC.

- **Sponsor EIN:** 364148677

- **Sponsor Address:** PO BOX 580, MARION, IL, 62959

- **Plan Type:** 401(k)

- **Total Participants:** 144

- **Total Assets:** $16.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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.|

| 2024|144|$16.0M|$283,554|$550,653|

| 2023|142|$14.8M|$264,188|$518,168|

| 2022|137|$13.1M|$267,974|$488,707|

## 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|

| BENEFIT PLANS PLUS|THIRD PARTY ADMIN|—|$21,439|$21,439|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $21,439

- **Estimated Expense Ratio:** 0.134% 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|

| 2024|$11,548|$5|$10,843|—|—|

| 2023|$38,276|—|$33,796|—|—|

| 2022|$27,144|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/midwest-community-bancshares-inc-401k-plan)

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