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FORM 5500 DATA

First Midwest Bancorp, Inc. Savings and Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan12/31/1984
  • Net Assets as of 12/31/2016 $179,697,829
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2016

  • Active (Eligible) Participants1,848
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits425
  • Subtotal2,273
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits3
  • Total2,276
  • Total number of participants as of 01/01/20162,369
  • Number of participants with account balances2,160
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested142

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • AddressOne Pierce Place, Suite 1500
  • CityItasca
  • StateIL
  • Zip60143
  • Telephone(630) 875-7464
  • EIN36-3161078
  • Industry Code522110
  • Named AdministratorSteven Kull
  • Named Plan SponsorKristine Bechtel

Plan Administrator Information

  • Administrator NameFirst Midwest Bancorp, Inc.
  • AddressOne Pierce Place, Suite 1500
  • CityItasca
  • StateIL
  • Zip60143
  • Telephone(630) 875-7483
  • Administrator EIN36-3161078

Audit Information

  • Audit StatusAudited
  • AuditorErnst & Young LLP
  • Auditor EIN34-6565596
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $30,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $34,619,048
Contributions $15,679,143
Cash Contributions $15,679,143
Cash from Employers $5,841,745
Cash from Participants $8,844,195
Others (including rollovers) $993,203
Noncash Contributions $0
Total Earnings on Investments $18,939,905
Total Interest $169,588
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $169,588
Interest from Other Investments $0
Total Dividends $2,695,847
Preferred Stock $0
Common Stock $105,450
Rents $0
Net gain (loss) on sale of assets $3,980,210
Aggregate Proceeds $54,153,058
Aggregate Carrying Amount $50,172,848
Total Unrealized Appreciation (depreciation) of assets $12,094,260
Real Estate $0
Other $12,094,260
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $14,736,828
Total Benefit Payments $14,566,030
Directly to participants or beneficiaries, including direct rollovers $14,566,030
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $170,798
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $170,798
Net Income $19,882,220
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $179,697,829 $159,815,609 12.44%
Total noninterest-bearing cash $155,977 $92,244 69.09%
Receivables $2,534,717 $3,409,355 -25.65%
Employer Contributions $2,428,530 $3,254,945 -25.39%
Participant Contributions $0 $0 0.0%
Other Contributions $106,187 $154,410 -31.23%
General Investments $3,105 $9,651,548 -99.97%
Interest-bearing cash $3,105 $9,651,548 -99.97%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $4,225,390 $4,094,372 3.20%
Value of interest in common/collective trusts $48,427,600 $45,213,076 7.11%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $94,684,143 $73,809,454 28.28%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $29,666,897 $23,545,560 26.00%
Employer Securities $29,666,897 $23,545,560 26.00%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $179,697,829 $159,815,609 12.44%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Retirement Direct LLC Recordkeeping fees NONE $116,661 $0 $116,661
Charles Schwab Bank Securities brokerage NONE $12 $39,943 $39,955
Charles Schwab & Co. Inc, Securities brokerage NONE $12,425 $0 $12,425
Total $129,098 $39,943 $169,041

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Charles Schwab & Co, Inc. T. Rowe Price Securities brokerage Range of O.Oo-O.O2% of Average Daily Balance of Assets. $0
Charles Schwab & Co, Inc. Federated Securities brokerage Range of O.Oo-O.O2% of Average Daily Balance of Assets. $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
First Midwest Employee Benefits Lar First Midwest Bank DFE: Common/Collective Trust $28,038,445
First Midwest Employee Benefits Fix First Midwest Bank DFE: Common/Collective Trust $11,911,171
First Midwest Employee Benefits Gem First Midwest Bank DFE: Common/Collective Trust $4,373,477
First Midwest Employee Benefits Sma First Midwest Bank DFE: Common/Collective Trust $4,104,507
Total $48,427,600

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.