Northwest Bank 401(k) and pension plans

Northwest Bank, Warren, PA. EIN 23-2790930. Annual reports 2009–2024. Also filed as Lorain National Bank; Northwest Savings Bank; Mutualfirst Financial, Inc; Mutualfirst Financial, Inc.

Northwest Bank has 2 active retirement plans on file. The largest is the Northwest Bank 401(k) Plan, with 2,920 participants and $259 million in assets in 2024. Epic Retirement has been its recordkeeper since 2021.

Active plans
2
Participants
5,551
Plan assets
$479 million
401(k) recordkeeper
Epic Retirement
Plans on file
4
Industry
Finance and insurance

All 4 plans

Active plans first

Northwest Bank 401(k) Plan

401(k) with ESOPActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number
002Employer EIN 23-2790930
Participants (2024)
2,920
Net assets (2024)
$259 million
Recordkeeper
Epic RetirementEarlier: Boetger & Associates (2015–2020)
Plan administrator
Northwest Bank
100 Liberty Street, Po Box 128
Warren, PA 16365
(888) 588-3053As filed for 2024
In effect since
July 1, 1991

Plans merged into this one: Lorain National Bank Employees' 401(k) Plan (2015); Northwest Savings Bank Employee Stock Ownership Plan (2014); Mutual Bank Employee Stock Ownership and 401(k) Plan (2020).

Earlier sponsor: Northwest Savings Bank (2009–2014).

Earlier plan names: Northwest Retirement Savings Plan; Northwest Savings Bank 401(k) Plan.

Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
20242,920$259 millionEpic Retirement
20233,425$249 millionEpic Retirement
20223,486$243 millionEpic Retirement
20213,702$291 millionEpic Retirement
20203,608$256 millionBoetger & Associates
20193,259$255 millionBoetger & Associates
20183,074$229 millionBoetger & Associates
20173,109$234 millionBoetger & Associates
20163,210$232 millionBoetger & Associates
20152,802$142 millionBoetger & Associates
20142,554$120 millionnot listed
20132,542$114 millionnot listed
20122,485$89.4 millionnot listed
20112,378$79.8 millionnot listed
20102,299$75.0 millionnot listed
20092,255$65.9 millionnot listed

Northwest Bank Pension Plan

Pension (defined benefit)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number
001Employer EIN 23-2790930
Participants (2024)
2,631
Net assets (2024)
$220 million
Plan administrator
Northwest Bank
100 Liberty Street, P.O. Box 128
Warren, PA 16365
(814) 726-2140As filed for 2024
In effect since
February 1, 1958

Plans merged into this one: Lorain National Bank Retirement Pension Plan (2015).

Earlier sponsor: Northwest Savings Bank (2009–2014).

Earlier plan names: Northwest Savings Bank Pension Plan.

Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
20242,631$220 millionnot listed
20232,996$217 millionnot listed
20223,415$203 millionnot listed
20213,616$239 millionnot listed
20203,453$221 millionnot listed
20193,311$194 millionnot listed
20183,161$161 millionnot listed
20173,051$174 millionnot listed
20163,000$153 millionnot listed
20153,065$144 millionnot listed
20143,008$140 millionnot listed
20132,944$130 millionnot listed
20122,813$115 millionnot listed
20112,664$105 millionnot listed
20102,582$81.2 millionnot listed
20092,536$69.8 millionnot listed

Mutual Bank Employee Stock Ownership and 401(k) Plan

401(k) with ESOPMerged

Merged. In 2020 its assets moved to the Northwest Bank 401(k) Plan, sponsored by Northwest Bank (EIN 23-2790930, plan 002). Accounts moved with them, so that plan is the one to contact.

Plan number
003Employer EIN 23-2790930
Participants (2019)
688
Net assets (2019)
$53.7 million
Plan administrator
Northwest Bank
100 Liberty Street
Warren, PA 16365
(814) 726-2140As filed for 2020
In effect since
January 1, 1999

Earlier sponsor: Mutualfirst Financial, Inc (2009–2019).

Year by year, 2009 to 2020
Plan yearParticipantsNet assetsRecordkeeper
20200$0not listed
2019688$53.7 millionnot listed
2018780$45.8 millionnot listed
2017628$48.9 millionnot listed
2016601$42.3 millionnot listed
2015578$37.4 millionnot listed
2014602$35.5 millionnot listed
2013590$32.2 millionnot listed
2012597$25.1 millionnot listed
2011546$20.3 millionnot listed
2010538$20.4 millionnot listed
2009521$16.5 millionnot listed

Lorain National Bank Retirement Pension Plan

Pension (defined benefit), frozenMerged

Merged. In 2015 its assets moved to the Northwest Savings Bank Pension Plan, sponsored by Northwest Bank (EIN 23-2790930, plan 001). Accounts moved with them, so that plan is the one to contact.

Plan number
001Employer EIN 34-0869480
Participants (2014)
121
Net assets (2014)
$5.4 million
Plan administrator
Northwest Bank
100 Liberty Street, P.O. Box 128
Warren, PA 16365
(814) 726-2140As filed for 2015
In effect since
March 1, 1962

Earlier sponsor: Lorain National Bank (2009–2014).

Year by year, 2009 to 2015
Plan yearParticipantsNet assetsRecordkeeper
20150$0not listed
2014121$5.4 millionnot listed
2013130$5.7 millionnot listed
2012161$5.7 millionnot listed
2011171$5.8 millionnot listed
2010176$5.8 millionnot listed
2009192$5.6 millionnot listed

Plans that moved to another employer

PlanNow sponsored bySince
Lorain National Bank Employees' 401(k) PlanNorthwest Savings Bank2015

These plans once filed under Northwest Bank's tax ID and are now filed by another employer, usually after a sale or spin-off. Accounts moved with them.

If you had money in one of these plans

  1. Call Epic Retirement, which runs the Northwest Bank 401(k) Plan. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
  2. Or call the plan administrator listed on the plan below ((888) 588-3053). That number was filed for 2024; ask for the benefits or retirement plan office.
  3. If your plan was merged, your account moved with it. Follow the link on the plan to the plan it went into, and contact that one.
  4. Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.

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