401(k) · DOL Form 5500 · 2023

The Merchants National Bank 401(k) Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
159
Participants Small participant base
73rd
Percentile by assets National rank
$126,119
Avg per participant Near avg balance/head
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Official DOL plan name: The Merchants National Bank Profit Sharing and 401(k) Savings Plan · Sponsored by The Merchants National Bank · Ohio · Finance & Insurance

$20M in assets, 159 participants

The Merchants National Bank's The Merchants National Bank Profit Sharing and 401(k) Savings Plan reported $20M in total assets and 159 participants in its 2023 DOL Form 5500 filing, ranking in the 73rd 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.

  • #5,252 in Finance & Insurance (8,869 peers)

Coverage in Ohio

The Merchants National Bank Profit Sharing and 401(k) Savings Plan covers 159 participants in Ohio, about 21% of the average Ohio filer (state average ~765 per filing). Assets: $20M.

#5,252
in Finance & Insurance (8,869 peers)
+15.2%
assets growth YoY

The Merchants National Bank Profit Sharing and 401(k) Savings Plan's outsized position by total assets

The Merchants National Bank Profit Sharing and 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$20,052,980 Top 27% higher than 73% 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

The Merchants National Bank Profit Sharing and 401(k) Savings 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. The Merchants National Bank Profit Sharing and 401(k) Savings Plan sits mid-pack in the medium band (159 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Merchants National Bank Profit Sharing and 401(k) Savings Plan reported net income rose from -$3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • The Merchants National Bank Profit Sharing and 401(k) Savings Plan end-of-year assets rose from $17M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • The Merchants National Bank Profit Sharing and 401(k) Savings Plan reported participants fell from 167 in the plan year 2022 filing to 159 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 310373340 · The Merchants National Bank PY 2023 · 401(k)

The Merchants National Bank Profit Sharing and 401(k) Savings Plan · $20M · 159 · 73rd

  • ASSETS $20M
  • PCT 159
  • EIN 73rd
  • RANK 401(k)
  • PHOTO near Systems LLC 401(k) Plan
  • IND ind #5252

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 Ohio →

The Merchants National Bank Profit Sharing and 401(k) Savings Plan in the asset neighbourhood

The Merchants National Bank Profit Sharing and 401(k) Savings PlanThe Merchants National Bank …$20MSystems LLC 401(k) Plan$20MCanonical USA 401(k) Profit Sharing Plan & TrustCanonical USA 401(k) Profit …$20MCdf Labor Law LLP 401(k) Retirement Savings PlanCdf Labor Law LLP 401(k) Ret…$20MCribl 401(k) Plan$20M
End-of-year total assets ($M) among The Merchants National Bank Profit Sharing and 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$20M
Net Income$3M
Employer EIN310373340
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Merchants National Bank)

Sponsor-wide plan assets over time

All The Merchants National Bank plans reported in each filing year

Latest sponsor-wide plan assets
$23M 31.976274230197095% vs 2022
2024 filing year
$16M$18M$20M$22M$24M 202220232024 $17.4M $23M ▲ +32.0%
Year Plans Participants Total Assets
2022 1 167 $17M
2023 1 159 $20M
2024 1 160 $23M

Nearby 401(k) Plans in Ohio

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

The Merchants National Bank Profit Sharing and 401(k) Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants The Merchants National Bank Profit Sharing and 401(k) Savings Plan, Total assets ($B): 0.02005298 · Participants: 159The Merchants National Bank Profit Sharing and 401(k) Savings PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
The Merchants National Bank Profit Sharing and 401(k) Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare The Merchants National Bank Profit Sharing and 401(k) Savings Plan side-by-side with 3 peers →

The Merchants National Bank Profit Sharing and 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Systems LLC 401(k) Plan in WI ($20M); by covered participants it is Visiting Angels 401(k) Plan in PA (159 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($20M here).

Similar participant headcount

Nearest other-state filings by covered participants (159 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 The Merchants National Bank Profit Sharing and 401(k) Savings Plan assets move in 2023? ▼
The Merchants National Bank Profit Sharing and 401(k) Savings Plan grew sharply - up 15.2% during 2023, from $17M to $20M. Reported net income was $3M.
How have The Merchants National Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Merchants National Bank's sponsor-wide assets grew 32.0%, from $17M to $23M.
Which 401(k) plans are similar in size to The Merchants National Bank Profit Sharing and 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Systems LLC 401(k) Plan in WI ($20M, 284 participants).
Which 401(k) plans cover a similar participant headcount to The Merchants National Bank Profit Sharing and 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Visiting Angels 401(k) Plan in PA (159 participants, N/A 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 310373340.

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.