Defined Benefit (Pension) · DOL Form 5500 · 2022

First Merchants Corporation Pension Plan

Data updated 2026-08-25

$78M
Total assets Below avg plan size
153
Participants Small participant base
91st
Percentile by assets National rank
$506,758
Avg per participant High balance/head
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Official DOL plan name: First Merchants Corporation Retirement Pension Plan · Sponsored by First Merchants Corporation · Indiana · Finance & Insurance

$78M in assets, 153 participants

First Merchants Corporation's First Merchants Corporation Retirement Pension Plan reported $78M in total assets and 153 participants in its 2022 DOL Form 5500 filing, ranking in the 91st 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.

  • #7,949 in Finance & Insurance (9,261 peers)

Coverage in Indiana

First Merchants Corporation Retirement Pension Plan covers 153 participants in Indiana, about 28% of the average Indiana filer (state average ~541 per filing). Assets: $78M.

#7,949
in Finance & Insurance (9,261 peers)
-18.0%
assets change YoY
0.8×
vs typical plan assets (national mean)

The plan reported a net loss of $17M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Merchants Corporation Retirement Pension Plan's outsized position by total assets

First Merchants Corporation Retirement Pension Plan vs every filed plan by assets

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

$77,533,983 Top 9% higher than 91% 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 Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Merchants Corporation Retirement Pension Plan sits mid-pack in the medium band (153 participants).

Plan-year Form 5500 strip

Filing strip 351544218 · First Merchants Corporation PY 2022 · Defined Benefit (Pension)

First Merchants Corporation Retirement Pension Plan · $78M · 153 · 91st

  • VS-ST $78M
  • BOY 153
  • SCH 91st
  • EBSA Defined Benefit (Pension)
  • PART near Young Brothers, Limited Pension Plan
  • TYPE ind #7949

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 Pension Plan in the asset neighbourhood

Young Brothers, Limited Pension PlanYoung Brothers, Limited Pens…$78MFirst Merchants Corporation Retirement Pension PlanFirst Merchants Corporation …$78MSwisher International, Inc. Retirement Income Plan for Wage EmployeesSwisher International, Inc. …$77MFlint Hills Resources Pension PlanFlint Hills Resources Pensio…$77MAdvansix Inc. Retirement Earnings PlanAdvansix Inc. Retirement Ear…$77M
End-of-year total assets ($M) among First Merchants Corporation Retirement Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Indiana filing particulars

Total Assets (Beginning of Year)$95M
Net Assets (End of Year)$78M
Net Income-$17M
Employer EIN351544218
Plan Effective Date1946-01-01
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 Defined Benefit (Pension) Plans in Indiana

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

First Merchants Corporation Retirement Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -5051015 Total assets ($B) Participants First Merchants Corporation Retirement Pension Plan, Total assets ($B): 0.077533983 · Participants: 153First Merchants Corporation Retirement Pension PlanThe Lilly Retirement Plan, Total assets ($B): 11.231261789 · Participants: 16878The Lilly Retirement PlanCummins Pension Plan, Total assets ($B): 3.227971207 · Participants: 24119Cummins Pension PlanIndiana Laborers Pension Fund, Total assets ($B): 1.488495807 · Participants: 9896Indiana Laborers Pension FundElevance Health Cash Balance Plan a, Total assets ($B): 1.222287988 · Participants: 8650Elevance Health Cash Balance Plan aNisource Pension Plan, Total assets ($B): 1.05154978 · Participants: 2283Nisource Pension Plan
First Merchants Corporation Retirement Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants
Compare First Merchants Corporation Retirement Pension Plan side-by-side with 3 peers →

First Merchants Corporation Retirement Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Indiana, the nearest Defined Benefit (Pension) by assets is Young Brothers, Limited Pension Plan in HI ($78M); by covered participants it is Tyler Pipe Hourly Pension Plan in AL (153 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (153 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 Pension Plan assets move in 2022? ▼
First Merchants Corporation Retirement Pension Plan declined sharply - down 18.0% during 2022, from $95M to $78M. Reported net income was -$17M.
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 Pension Plan rank by assets among Form 5500 filers? ▼
First Merchants Corporation Retirement Pension Plan ranks in the 91st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to First Merchants Corporation Retirement Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Young Brothers, Limited Pension Plan in HI ($78M, 209 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to First Merchants Corporation Retirement Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Tyler Pipe Hourly Pension Plan in AL (153 participants, N/A 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.