Plan Ledger DOL Form 5500 · updated monthly

Midwest Regional Bancorp, Inc.401(k)

MIDWEST REGIONAL BANCORP, INC. 401(K) PLAN · FESTUS, MO · plan year 2024

Reported admin expense ratio · 2024
0.40%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Midwest Regional Bancorp, Inc. reported $32,530 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $4,016 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.62% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Missouri (905th of 1,393), and 4,093rd of 4,798 in finance & insurance. In 2024, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,843,642
Participants with balances199
Active participants123
Employer contributions$493,911
Employee contributions$593,726
Employer contribution per active participant$4,016
Average account balance$44,440
Benefits paid to participants$165,398
Plan auditUnmodified (clean) audit opinion
AuditorTHE WHITLOCK COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 199 accts · $494K emplr
2023$7.3M · 186 accts · $466K emplr
2022$6.6M · 206 accts · $435K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,530
Total administrative$32,530
The Midwest Regional Bancorp, Inc. 401(k) match · 2024
Employer contribution per active participant$4,016
Median for plans this size$1,313
2024$4,016 per active participant
2023$3,850 per active participant
2022$3,595 per active participant

Midwest Regional Bancorp, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NATIONWIDE LIFE INSURANCE COMPANY · Recordkeeping · Investment management$15,808
TRANSCE3END LLC · Investment advisory (plan)$23,397

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Nationwide
2023Nationwide

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$32,530 · 0.40%
2023$30,702 · 0.44%
2022$43,554 · 0.62%
Similar plansFinance & Insurance · Missouri
First Bank of the Lake MO$9.9M · 0.70%
Old Missouri Bank MO$9.7M · 0.41%
Neighbors Credit Union MO$9.3M · 0.02%
Endeavor Capital, LLC MO$8.6M · 0.75%
Homebank MO$7.6M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208080592 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.