ESOP · DOL Form 5500 · 2022

Merchants Financial Group, Inc. ESOP

Data updated 2026-08-25

$51M
Total assets Below avg plan size
423
Participants Below avg headcount
88th
Percentile by assets National rank
$120,077
Avg per participant Near avg balance/head
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Official DOL plan name: Merchants Financial Group, Inc. Employee Stock Ownership Plan · Sponsored by Merchants Financial Group, Inc. · Minnesota · Management of Enterprises

$51M in assets, 423 participants

Merchants Financial Group, Inc.'s Merchants Financial Group, Inc. Employee Stock Ownership Plan reported $51M in total assets and 423 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.

  • #846 in Management of Enterprises (1,193 peers)

Coverage in Minnesota

Merchants Financial Group, Inc. Employee Stock Ownership Plan covers 423 participants in Minnesota, about 38% of the average Minnesota filer (state average ~1,126 per filing). Assets: $51M.

#846
in Management of Enterprises (1,193 peers)
-8.0%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Merchants Financial Group, Inc. Employee Stock Ownership Plan's outsized position by total assets

Merchants Financial Group, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$50,792,561 Top 12% higher than 88% 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 Financial Group, Inc. Employee Stock Ownership 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 Financial Group, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (423 participants).

Form 5500 schedule snapshot

Filing strip 411504721 · Merchants Financial Group, Inc. PY 2022 · ESOP

Merchants Financial Group, Inc. Employee Stock Ownership Plan · $51M · 423 · 88th

  • PCT $51M
  • PCT 423
  • PCT 88th
  • PCT ESOP
  • PCT near Besser Company Employee Stock Ownership Plan
  • PCT ind #846

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 What is an ESOP? → · Plans in Minnesota →

Merchants Financial Group, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Penmac Staffing Services Inc Employee Stock Ownership PlanPenmac Staffing Services Inc…$51MSuperior Tank Lines Employee Stock Ownership PlanSuperior Tank Lines Employee…$51MDarifill Employee Stock Ownership PlanDarifill Employee Stock Owne…$51MBesser Company Employee Stock Ownership PlanBesser Company Employee Stoc…$51MMerchants Financial Group, Inc. Employee Stock Ownership PlanMerchants Financial Group, I…$51M
End-of-year total assets ($M) among Merchants Financial Group, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$55M
Net Assets (End of Year)$42M
Net Income-$3M
Employer EIN411504721
Plan Effective Date2001-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Merchants Financial Group, Inc.)

Sponsor-wide plan assets over time

All Merchants Financial Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$112M 9.854932183648703% vs 2022
2024 filing year
$100M$105M$110M$115M 202220232024 $102M $112M ▲ +9.9%
Year Plans Participants Total Assets
2022 2 875 $102M
2023 2 873 $105M
2024 2 833 $112M

Nearby ESOP Plans in Minnesota

Peer ESOP plans, same state, same plan type, ranked by total assets.

Merchants Financial Group, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 0200400600800 Total assets ($M) Participants Merchants Financial Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 50.792561 · Participants: 423Merchants Financial Group, Inc. Employee Stock Ownership PlanAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 646.711049 · Participants: 9416Andersen Corporation Employee Stock Ownership PlanHormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 486.260676 · Participants: 4373Hormel Foods Corporation Joint Earnings Profit Sharing TrustKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 399.591486 · Participants: 801Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 332.65286 · Participants: 359Force America Inc. Employee Stock Ownership PlanPolaris Inc. Employee Stock Ownership Plan, Total assets ($M): 313.049552 · Participants: 7981Polaris Inc. Employee Stock Ownership Plan
Merchants Financial Group, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Merchants Financial Group, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Merchants Financial Group, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Besser Company Employee Stock Ownership Plan in MI ($51M); by covered participants it is Wiginton Corporation ESOP in FL (423 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (423 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 Financial Group, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Merchants Financial Group, Inc. Employee Stock Ownership Plan pulled back noticeably - down 8.0% during 2022, from $55M to $51M. Reported net income was -$3M.
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. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Merchants Financial Group, Inc. Employee Stock Ownership 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 ESOP plans are similar in size to Merchants Financial Group, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Besser Company Employee Stock Ownership Plan in MI ($51M, 346 participants).
Which ESOP plans cover a similar participant headcount to Merchants Financial Group, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Wiginton Corporation ESOP in FL (423 participants, $62M 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 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.