Defined Benefit (Pension) · DOL Form 5500 · 2023

First Merchants Corporation Pension Plan

Data updated 2026-08-25

$82M
Total assets Below avg plan size
138
Participants Small participant base
90th
Percentile by assets National rank
$596,075
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

$82M in assets, 138 participants

First Merchants Corporation's First Merchants Corporation Retirement Pension Plan reported $82M in total assets and 138 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,491 in Finance & Insurance (8,869 peers)

Coverage in Indiana

First Merchants Corporation Retirement Pension Plan covers 138 participants in Indiana, about 26% of the average Indiana filer (state average ~541 per filing). Assets: $82M.

#7,491
in Finance & Insurance (8,869 peers)
+6.1%
assets growth YoY
0.8×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$82,258,406 Top 10% higher than 90% of 127,068 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 2023

First Merchants Corporation Retirement Pension Plan among mid-size filed plans by headcount

Plan-year 2023 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 (138 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Merchants Corporation Retirement Pension Plan reported net income rose from -$17M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • First Merchants Corporation Retirement Pension Plan reported participants fell from 153 in the plan year 2022 filing to 138 in the plan year 2023 filing.
  • First Merchants Corporation Retirement Pension Plan end-of-year assets rose from $78M in the plan year 2022 filing to $82M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 351544218 · First Merchants Corporation PY 2023 · Defined Benefit (Pension)

First Merchants Corporation Retirement Pension Plan · $82M · 138 · 90th

  • RANK $82M
  • PHOTO 138
  • IND 90th
  • EOY Defined Benefit (Pension)
  • 5500 near Minerals Technologies Inc. Retirement Plan - Pc&e
  • ASSETS ind #7491

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

Block Communications Retirement PlanBlock Communications Retirem…$82MFirst Merchants Corporation Retirement Pension PlanFirst Merchants Corporation …$82MMinerals Technologies Inc. Retirement Plan - Pc&eMinerals Technologies Inc. R…$82MBeneficial Bank Consolidated Pension PlanBeneficial Bank Consolidated…$82MDetroit Diesel Corporation Employees Pension PlanDetroit Diesel Corporation E…$82M
End-of-year total assets ($M) among First Merchants Corporation Retirement Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Indiana filing particulars

Total Assets (Beginning of Year)$78M
Net Assets (End of Year)$82M
Net Income$5M
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): 0.082258406 · Participants: 138First Merchants Corporation Retirement Pension PlanThe Lilly Retirement Plan, Total assets ($B): 11.68755379 · Participants: 19111The Lilly Retirement PlanCummins Pension Plan, Total assets ($B): 3.321162584 · Participants: 26560Cummins Pension PlanIndiana Laborers Pension Fund, Total assets ($B): 1.654720253 · Participants: 10800Indiana Laborers Pension FundElevance Health Cash Balance Plan a, Total assets ($B): 1.277905032 · Participants: 8197Elevance Health Cash Balance Plan aNisource Pension Plan, Total assets ($B): 1.063713087 · Participants: 2174Nisource 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 Minerals Technologies Inc. Retirement Plan - Pc&e in NY ($82M); by covered participants it is St. Joseph's Hospital, Inc. Retirement Plan and Trust in WV (138 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (138 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
First Merchants Corporation Retirement Pension Plan grew at a solid clip - up 6.1% during 2023, from $78M to $82M. Reported net income was $5M.
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 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Minerals Technologies Inc. Retirement Plan - Pc&e in NY ($82M, 133 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 St. Joseph's Hospital, Inc. Retirement Plan and Trust in WV (138 participants, $11M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.