401(k) · DOL Form 5500 · 2022
First Merchants Corporation 401(k) Plan
Data updated 2026-08-11
- $205M
- Total assets
- 2,157
- Participants
- 96th
- Percentile by assets
- $94,885
- Avg per participant
Official DOL plan name: First Merchants Corporation Retirement Income and Savings Plan · Sponsored by First Merchants Corporation · Indiana · Finance & Insurance
$205M in assets, 2,157 participants
First Merchants Corporation's First Merchants Corporation Retirement Income and Savings Plan reported $205M in total assets and 2,157 participants in its 2022 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 96th percentile by assets (of 139,126 plans)
- #8,581 in Finance & Insurance (9,261 peers)
Coverage in Indiana
First Merchants Corporation Retirement Income and Savings Plan covers 2,157 participants in Indiana, 4.0x the typical Indiana plan (state average ~541 per filing). Assets: $205M.
- $205M
- total plan assets (2022 EOY)
- 2,157
- covered participants
- 96th
- percentile by assets (of 139,126 plans)
- $94,885
- avg assets per participant
The plan reported a net loss of $26M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Indiana filers
In Indiana, the average filing covers about 541 participants across 2,302 plans. First Merchants Corporation Retirement Income and Savings Plan reports 2,157 participants - 4.0x that state average ($205M EOY assets).
Indiana filing particulars
| Total Assets (Beginning of Year) | $231M |
|---|---|
| Net Assets (End of Year) | $205M |
| Net Income | -$26M |
| Employer EIN | 351544218 |
| Plan Effective Date | 1991-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (First Merchants Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 2,310 | $282M |
| 2023 | 2 | 2,268 | $321M |
| 2024 | 2 | 2,340 | $341M |
Nearby 401(k) Plans in Indiana
Peer 401(k) plans, same state, same plan type, ranked by total assets.
First Merchants Corporation Retirement Income and Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
- Elevance Health 401(k) Plan $9.5B · 71,898
- The Lilly Employee 401(k) Plan $8.9B · 15,607
- Cummins Retirement and Savings Plan $4.4B · 23,710
- Iu Health 401(k) Savings Plan $3.2B · 39,243
- Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan $2.0B · 8,632
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to First Merchants Corporation Retirement Income and Savings Plan by total assets, not by location.
- Arcosa 401(k) Plan (TX) $205M · 3,928
- Ferrell Companies, Inc. 401(k) Investment Plan (MO) $205M · 4,434
- Pscu Incorporated 401(k) Retirement Plan (FL) $205M · 2,889
- Livanova US Employee Retirement Savings Plan (TX) $205M · 1,192
Frequently Asked Questions
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Filing takeaways
Ways to act on First Merchants Corporation Retirement Income and Savings Plan's numbers.
- By total assets, First Merchants Corporation Retirement Income and Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Indiana. Compare plans
- First Merchants Corporation's sponsor-wide assets have grown 20.9% since 2022 across 3 plan years on file. More Finance & Insurance plans