401(k) · DOL Form 5500 · 2022

Merchants Bancorp 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
501
Participants Below avg headcount
80th
Percentile by assets National rank
$47,351
Avg per participant Low balance/head
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Official DOL plan name: Merchants Bancorp 401(k) Plan · Sponsored by Merchants Bancorp · Indiana · Finance & Insurance

$24M in assets, 501 participants

Merchants Bancorp's Merchants Bancorp 401(k) Plan reported $24M in total assets and 501 participants in its 2022 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,248 in Finance & Insurance (9,261 peers)

Where Merchants Bancorp 401(k) Plan sits by assets

Merchants Bancorp 401(k) Plan sits in the top quartile of all filed plans by assets, $24M for 501 participants (~$47,351/participant), up 1.7% in 2022.

#6,248
in Finance & Insurance (9,261 peers)
+1.7%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Merchants Bancorp 401(k) Plan's outsized position by total assets

Merchants Bancorp 401(k) Plan vs every filed plan by assets

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

$23,722,618 Top 20% higher than 80% 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

Merchants Bancorp 401(k) 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. Merchants Bancorp 401(k) Plan sits mid-pack in the medium band (501 participants).

Form 5500 schedule snapshot

Filing strip 350352710 · Merchants Bancorp PY 2022 · 401(k)

Merchants Bancorp 401(k) Plan · $24M · 501 · 80th

  • PART $24M
  • PART 501
  • PART 80th
  • PART 401(k)
  • PART near The Century 401(k) Plan
  • PART ind #6248

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 →

Merchants Bancorp 401(k) Plan in the asset neighbourhood

Accu-Mold, LLC 401(k) & Profit Sharing PlanAccu-Mold, LLC 401(k) & Prof…$24MMerchants Bancorp 401(k) Plan$24MThe Century 401(k) Plan$24MThe Gem Group, Inc. Retirement PlanThe Gem Group, Inc. Retireme…$24MProducers Service Employee Stock Ownership Plan and TrustProducers Service Employee S…$24M
End-of-year total assets ($M) among Merchants Bancorp 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$24M
Net Income$391K
Employer EIN350352710
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Merchants Bancorp)

Sponsor-wide plan assets over time

All Merchants Bancorp plans reported in each filing year

Latest sponsor-wide plan assets
$51M 96.50859458830878% vs 2022
2024 filing year
$20M$30M$40M$50M$60M 202220232024 $25.7M $50.5M ▲ +96.5%
Year Plans Participants Total Assets
2022 2 928 $26M
2023 2 1,081 $40M
2024 2 1,201 $51M

Nearby 401(k) Plans in Indiana

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Merchants Bancorp 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510 Total assets ($B) Participants Merchants Bancorp 401(k) Plan, Total assets ($B): 0.023722618 · Participants: 501Merchants Bancorp 401(k) 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
Merchants Bancorp 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Merchants Bancorp 401(k) Plan side-by-side with 3 peers →

Merchants Bancorp 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is The Century 401(k) Plan in PA ($24M); by covered participants it is Freddy's Frozen Custard 401(k) Plan in KS (501 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($24M here).

Similar participant headcount

Nearest other-state filings by covered participants (501 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 Merchants Bancorp 401(k) Plan assets move in 2022? ▼
Merchants Bancorp 401(k) Plan edged up modestly - up 1.7% during 2022, from $23M to $24M. Reported net income was $391K.
How have Merchants Bancorp plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Merchants Bancorp's sponsor-wide assets grew 96.5%, from $26M to $51M.
Where does Merchants Bancorp 401(k) Plan rank by assets among Form 5500 filers? ▼
Merchants Bancorp 401(k) Plan ranks in the 80th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Merchants Bancorp 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Century 401(k) Plan in PA ($24M, 231 participants).
Which 401(k) plans cover a similar participant headcount to Merchants Bancorp 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Freddy's Frozen Custard 401(k) Plan in KS (501 participants, $7M 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 350352710.

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.