401(k) · DOL Form 5500 · 2023

Merchants Bonding 401(k) Plan

Data updated 2026-08-25

$49M
Total assets Below avg plan size
187
Participants Below avg headcount
85th
Percentile by assets National rank
$259,364
Avg per participant Above avg balance/head
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Official DOL plan name: Merchants Bonding Co. Mutual Savings Plan · Sponsored by Merchants Bonding · Iowa · Finance & Insurance

$49M in assets, 187 participants

Merchants Bonding's Merchants Bonding Co. Mutual Savings Plan reported $49M in total assets and 187 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #6,855 in Finance & Insurance (8,869 peers)

Coverage in Iowa

Merchants Bonding Co. Mutual Savings Plan covers 187 participants in Iowa, about 31% of the average Iowa filer (state average ~609 per filing). Assets: $49M.

#6,855
in Finance & Insurance (8,869 peers)
+26.7%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Merchants Bonding Co. Mutual Savings Plan's outsized position by total assets

Merchants Bonding Co. Mutual Savings Plan vs every filed plan by assets

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

$48,501,091 Top 15% higher than 85% 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

Merchants Bonding Co. Mutual 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. Merchants Bonding Co. Mutual Savings Plan sits mid-pack in the medium band (187 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Merchants Bonding Co. Mutual Savings Plan reported net income rose from -$6M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • Merchants Bonding Co. Mutual Savings Plan end-of-year assets rose from $38M in the plan year 2022 filing to $49M in the plan year 2023 filing.
  • Merchants Bonding Co. Mutual Savings Plan reported participants rose from 176 in the plan year 2022 filing to 187 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 420410010 · Merchants Bonding PY 2023 · 401(k)

Merchants Bonding Co. Mutual Savings Plan · $49M · 187 · 85th

  • SCH $49M
  • SCH 187
  • SCH 85th
  • SCH 401(k)
  • SCH near Brph Companies, Inc. 401(k) Profit Sharing Plan and Trust
  • SCH ind #6855

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 Iowa →

Merchants Bonding Co. Mutual Savings Plan in the asset neighbourhood

Westmont Hospitality Group 401(k) PlanWestmont Hospitality Group 4…$49MMerchants Bonding Co. Mutual Savings PlanMerchants Bonding Co. Mutual…$49MBrph Companies, Inc. 401(k) Profit Sharing Plan and TrustBrph Companies, Inc. 401(k) …$48MHudson Pacific Properties 401(k) PlanHudson Pacific Properties 40…$48MEpcor USA Inc. 401(k) Savings PlanEpcor USA Inc. 401(k) Saving…$48M
End-of-year total assets ($M) among Merchants Bonding Co. Mutual Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$38M
Net Assets (End of Year)$49M
Net Income$10M
Employer EIN420410010
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Merchants Bonding)

Sponsor-wide plan assets over time

All Merchants Bonding plans reported in each filing year

Latest sponsor-wide plan assets
$58M 51.98822185002378% vs 2022
2024 filing year
$30M$40M$50M$60M$70M 202220232024 $38.3M $58.2M ▲ +52.0%
Year Plans Participants Total Assets
2022 1 176 $38M
2023 1 187 $49M
2024 1 231 $58M

Nearby 401(k) Plans in Iowa

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

Merchants Bonding Co. Mutual Savings Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Merchants Bonding Co. Mutual Savings Plan, Total assets ($B): 0.048501091 · Participants: 187Merchants Bonding Co. Mutual Savings PlanThe Principal Select Savings Plan, Total assets ($B): 4.134174305 · Participants: 12827The Principal Select Savings PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 2.955731563 · Participants: 28959Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 2.941182172 · Participants: 56181The Hy-Vee and Affiliates 401(k) PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 2.890404508 · Participants: 14720The Rsm US LLP Retirement PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.425600114 · Participants: 6999Transamerica 401(k) Retirement Savings Plan
Merchants Bonding Co. Mutual Savings Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Merchants Bonding Co. Mutual Savings Plan side-by-side with 3 peers →

Merchants Bonding Co. Mutual Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Brph Companies, Inc. 401(k) Profit Sharing Plan and Trust in FL ($48M); by covered participants it is The Infosoft Group Retirement Plan in WI (187 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (187 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 Merchants Bonding Co. Mutual Savings Plan assets move in 2023? ▼
Merchants Bonding Co. Mutual Savings Plan grew sharply - up 26.7% during 2023, from $38M to $49M. Reported net income was $10M.
How have Merchants Bonding plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Merchants Bonding's sponsor-wide assets grew 52.0%, from $38M to $58M.
Where does Merchants Bonding Co. Mutual Savings Plan rank by assets among Form 5500 filers? ▼
Merchants Bonding Co. Mutual Savings Plan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Merchants Bonding Co. Mutual Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Brph Companies, Inc. 401(k) Profit Sharing Plan and Trust in FL ($48M, 330 participants).
Which 401(k) plans cover a similar participant headcount to Merchants Bonding Co. Mutual Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Infosoft Group Retirement Plan in WI (187 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 420410010.

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.