401(k) · DOL Form 5500 · 2022

First Merchants Corporation 401(k) Plan

Data updated 2026-08-25

$205M
Total assets Near avg plan size
2,157
Participants Near avg headcount
96th
Percentile by assets National rank
$94,885
Avg per participant Below avg balance/head
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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.

  • #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.

#8,581
in Finance & Insurance (9,261 peers)
-11.4%
assets change YoY
2.1×
vs typical plan assets (national mean)

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.

First Merchants Corporation Retirement Income and Savings Plan's outsized position by total assets

First Merchants Corporation Retirement Income and Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$204,666,661 Top 4% higher than 96% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

First Merchants Corporation Retirement Income and Savings Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Merchants Corporation Retirement Income and Savings Plan lands in the large band (2,157 participants).

Plan-year Form 5500 strip

Filing strip 351544218 · First Merchants Corporation PY 2022 · 401(k)

First Merchants Corporation Retirement Income and Savings Plan · $205M · 2,157 · 96th

  • PHOTO $205M
  • PHOTO 2,157
  • PHOTO 96th
  • PHOTO 401(k)
  • PHOTO near Arcosa 401(k) Plan
  • PHOTO ind #8581

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Indiana →

First Merchants Corporation Retirement Income and Savings Plan in the asset neighbourhood

Livanova US Employee Retirement Savings PlanLivanova US Employee Retirem…$205MPscu Incorporated 401(k) Retirement PlanPscu Incorporated 401(k) Ret…$205MFerrell Companies, Inc. 401(k) Investment PlanFerrell Companies, Inc. 401(…$205MFirst Merchants Corporation Retirement Income and Savings PlanFirst Merchants Corporation …$205MArcosa 401(k) Plan$205M
End-of-year total assets ($M) among First Merchants Corporation Retirement Income and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Indiana filing particulars

Total Assets (Beginning of Year)$231M
Net Assets (End of Year)$205M
Net Income-$26M
Employer EIN351544218
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Merchants Corporation)

Sponsor-wide plan assets over time

All First Merchants Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$341M 20.946935897141326% vs 2022
2024 filing year
$260M$280M$300M$320M$340M$360M 202220232024 $282M $341M ▲ +20.9%
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 Scatter plot of 6 data points. -20000020000400006000080000 -50510 Total assets ($B) Participants First Merchants Corporation Retirement Income and Savings Plan, Total assets ($B): 0.204666661 · Participants: 2157First Merchants Corporation Retirement Income and Savings PlanElevance Health 401(k) Plan, Total assets ($B): 9.467911456 · Participants: 71898Elevance Health 401(k) PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 8.875255354 · Participants: 15607The Lilly Employee 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 4.386787904 · Participants: 23710Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.245347601 · Participants: 39243Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.020286876 · Participants: 8632Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
First Merchants Corporation Retirement Income and Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare First Merchants Corporation Retirement Income and Savings Plan side-by-side with 3 peers →

First Merchants Corporation Retirement Income and Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Arcosa 401(k) Plan in TX ($205M); by covered participants it is The Stevens Family 401(k) Retirement Plan in MI (2,157 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($205M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,157 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Merchants Corporation Retirement Income and Savings Plan assets move in 2022? ▼
First Merchants Corporation Retirement Income and Savings Plan pulled back noticeably - down 11.4% during 2022, from $231M to $205M. Reported net income was -$26M.
How have First Merchants Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Merchants Corporation's sponsor-wide assets grew 20.9%, from $282M to $341M.
Where does First Merchants Corporation Retirement Income and Savings Plan rank by assets among Form 5500 filers? ▼
First Merchants Corporation Retirement Income and Savings Plan ranks in the 96th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to First Merchants Corporation Retirement Income and Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Arcosa 401(k) Plan in TX ($205M, 3,928 participants).
Which 401(k) plans cover a similar participant headcount to First Merchants Corporation Retirement Income and Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Stevens Family 401(k) Retirement Plan in MI (2,157 participants, $56M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 351544218.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.