401(k) · DOL Form 5500 · 2022

Merchants Financial Group, Inc. 401(k) Plan

Data updated 2026-08-11

$51M
Total assets
452
Participants
88th
Percentile by assets
$113,201
Avg per participant
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Official DOL plan name: Merchants Financial Group, Inc. 401(k) Savings Plan · Sponsored by Merchants Financial Group, Inc. · Minnesota · Management of Enterprises

$51M in assets, 452 participants

Merchants Financial Group, Inc.'s Merchants Financial Group, Inc. 401(k) Savings Plan reported $51M in total assets and 452 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • 88th percentile by assets (of 139,126 plans)
  • #847 in Management of Enterprises (1,193 peers)

Coverage in Minnesota

Merchants Financial Group, Inc. 401(k) Savings Plan covers 452 participants in Minnesota, about 40% of the average Minnesota filer (state average ~1,126 per filing). Assets: $51M.

$51M
total plan assets (2022 EOY)
452
covered participants
88th
percentile by assets (of 139,126 plans)
$113,201
avg assets per participant

The plan reported a net loss of $14M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Merchants Financial Group, Inc. 401(k) Savings Plan sits by total assets

Merchants Financial Group, Inc. 401(k) Savings Plan vs every filed plan by assets

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

$51,166,994 Top 12% higher than 88% of 139,123 filed plans

This plan $0 $2,010,000,000 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

State
Minnesota
Industry
Management of Enterprises

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Merchants Financial Group, Inc. 401(k) Savings Plan reports 452 participants - about 40% of that state average ($51M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)$62M
Net Assets (End of Year)$51M
Net Income-$14M
Employer EIN411504721
Plan Effective Date1987-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Merchants Financial Group, Inc.)

$100M$105M$110M$115M 202220232024 $102M $112M ▲ +9.9%
Total plan assets by year, all Merchants Financial Group, Inc. plans on file
Year Plans Participants Total Assets
2022 2 875 $102M
2023 2 873 $105M
2024 2 833 $112M

Nearby 401(k) Plans in Minnesota

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

Merchants Financial Group, Inc. 401(k) Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Merchants Financial …, Total assets ($B): 0.051166994 · Participants: 452Merchants Financial …Unitedhealth Group 4…, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 4…Medtronic Savings an…, Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings an…Target Corporation 4…, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 4…3M Voluntary Investm…, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investm…U.S. Bank 401(k) Sav…, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Sav…
Merchants Financial Group, Inc. 401(k) Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Merchants Financial Group, Inc. 401(k) S… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Merchants Financial Group, Inc. 401(k) Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Merchants Financial Group, Inc. 401(k) Savings Plan assets move in 2022? ▼
Merchants Financial Group, Inc. 401(k) Savings Plan declined sharply - down 17.7% during 2022, from $62M to $51M. Reported net income was -$14M.
How have Merchants Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Merchants Financial Group, Inc.'s sponsor-wide assets grew 9.9%, from $102M to $112M.
Where does Merchants Financial Group, Inc. 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Merchants Financial Group, Inc. 401(k) Savings Plan ranks in the 88th 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 Financial Group, Inc. 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Armada Retirement Savings Plan in PA ($51M, 529 participants).

Next read for Merchants Financial Group, Inc. 401(k) S…

Filing takeaways

Ways to act on Merchants Financial Group, Inc. 401(k) Savings Plan's numbers.

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 411504721.

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.