401k Record

Employers › First Mid Bancshares

First Mid Bancshares 401(k)

Recordkeeping fees per participant · largest plan, First Mid Bancshares, Inc. 401(k) Profit Sharing Plan · plan year 2024

$12.64

Higher than 12% of the 5,847 plans $50 to 250M that report it.

Source

= $20,180 / 1,596
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250730101218NAL0005346960001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730101218NAL0005346960001, received 2025-07-30

10th: $10.22median $69.9190th: $151.08

Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-30.

Largest plan, all six figures: First Mid Bancshares, Inc. 401(k) Profit Sharing Plan

Recordkeeping fees per participantheadline

$12.64

10th: $10.22median $69.9190th: $151.08

Higher than 12% of the 5,847 plans $50 to 250M that report it.

Source

= $20,180 / 1,596
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250730101218NAL0005346960001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730101218NAL0005346960001, received 2025-07-30

Administrative expenses excluding investment management, per participant

$12.64

10th: $16.21median $93.2090th: $246.84

Higher than 8% of the 8,758 plans $50 to 250M that report it.

Source

= $20,180 / 1,596
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250730101218NAL0005346960001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730101218NAL0005346960001, received 2025-07-30

Administrative expenses per participant

$12.64

10th: $29.39median $132.8490th: $350.58

Higher than 4% of the 9,042 plans $50 to 250M that report it.

Source

= $20,180 / 1,596
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250730101218NAL0005346960001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730101218NAL0005346960001, received 2025-07-30

Administrative expenses as a share of assets

0.012%

10th: 0.022%median 0.136%90th: 0.326%

Higher than 6% of the 9,049 plans $50 to 250M that report it.

Source

= $20,180 / $172,646,342
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250730101218NAL0005346960001, received 2025-07-30
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250730101218NAL0005346960001, received 2025-07-30

Employer contributions per participant

$3,026

10th: $965median $2,73890th: $8,164

Higher than 55% of the 9,105 plans $50 to 250M that report it.

Source

= $4,829,218 / 1,596
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250730101218NAL0005346960001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730101218NAL0005346960001, received 2025-07-30

Employer share of total contributions

36.2%

10th: 15.6%median 29.5%90th: 50.6%

Higher than 69% of the 9,112 plans $50 to 250M that report it.

Source

= $4,829,218 / $13,346,459
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250730101218NAL0005346960001, received 2025-07-30
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250730101218NAL0005346960001, received 2025-07-30

Plan terms, as stated in First Mid Bancshares, Inc.'s SEC filings

Employer match

“The Company has a defined contribution retirement plan which covers substantially all employees, which for 2025, provided a Company matching contribution of up to 6% of pre-tax contributions made by each participant.”

Form 10-K filed 2026-02-27, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document

Eligibility

“All employees of the Company and its subsidiaries are eligible to participate in the Plan after 90 days of employment.”

Form 11-K filed 2026-03-30, for the year ended 2025-12-31 · plan description note, eligibility · source document

Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.

Plans sponsored

PlanAssetsParticipants with a balanceHeadlineYear
First Mid Bancshares, Inc. 401(k) Profit Sharing Plan$172,646,3421,596 $12.64 recordkeeping fees per participant2024
Blackhawk Bank Retirement Planfinal filing$00 2023

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Sponsor name as filed: FIRST MID BANCSHARES, INC.; SEC registrant: FIRST MID BANCSHARES, INC. (CIK 700565, matched by EIN; display name from the Form 11-K cover).