401(k) · DOL Form 5500 · 2024
First Merchants Corporation 401(k) Plan
Data updated 2026-08-25
- $261M
- Total assets Near avg plan size
- 2,210
- Participants Above avg headcount
- 95th
- Percentile by assets National rank
- $118,056
- Avg per participant Below avg balance/head
Official DOL plan name: First Merchants Corporation Retirement Income and Savings Plan · Sponsored by First Merchants Corporation · Indiana · Finance & Insurance
$261M in assets, 2,210 participants
First Merchants Corporation's First Merchants Corporation Retirement Income and Savings Plan reported $261M in total assets and 2,210 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.
- #7,888 in Finance & Insurance (8,549 peers)
Coverage in Indiana
First Merchants Corporation Retirement Income and Savings Plan covers 2,210 participants in Indiana, 4.1x the typical Indiana plan (state average ~541 per filing). Assets: $261M.
- #7,888
- in Finance & Insurance (8,549 peers)
- +9.2%
- assets growth YoY
- 2.6×
- vs typical plan assets (national mean)
First Merchants Corporation Retirement Income and Savings Plan's outsized position by total assets
First Merchants Corporation Retirement Income and Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$260,904,766 Top 5% higher than 95% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
First Merchants Corporation Retirement Income and Savings Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Merchants Corporation Retirement Income and Savings Plan lands in the large band (2,210 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- First Merchants Corporation Retirement Income and Savings Plan reported net income fell from $34M in the plan year 2023 filing to $22M in the plan year 2024 filing.
- First Merchants Corporation Retirement Income and Savings Plan end-of-year assets rose from $239M in the plan year 2023 filing to $261M in the plan year 2024 filing.
- First Merchants Corporation Retirement Income and Savings Plan reported participants rose from 2,130 in the plan year 2023 filing to 2,210 in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 351544218 · First Merchants Corporation PY 2024 · 401(k)
First Merchants Corporation Retirement Income and Savings Plan · $261M · 2,210 · 95th
- ASSETS $261M
- ASSETS 2,210
- ASSETS 95th
- ASSETS 401(k)
- ASSETS near Panoramic Health 401(k) Plan
- ASSETS ind #7888
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 Income and Savings Plan in the asset neighbourhood
Indiana filing particulars
| Total Assets (Beginning of Year) | $239M |
|---|---|
| Net Assets (End of Year) | $261M |
| Net Income | $22M |
| Employer EIN | 351544218 |
| Plan Effective Date | 1991-01-01 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 2,310 | $282M |
| 2023 | 2 | 2,268 | $321M |
| 2024 | 2 | 2,340 | $341M |
Nearby 401(k) Plans in Indiana
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Lilly Employee 401(k) Plan $13.1B · 19,977
- Elevance Health 401(k) Plan $12.1B · 73,120
- Cummins Retirement and Savings Plan $6.4B · 30,272
- Iu Health 401(k) Savings Plan $4.5B · 38,460
- Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan $3.0B · 9,385
First Merchants Corporation Retirement Income and Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Indiana, the nearest 401(k) by assets is Panoramic Health 401(k) Plan in AZ ($261M); by covered participants it is Fxi 401(k) Plan in PA (2,210 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($261M here).
- Panoramic Health 401(k) Plan (AZ) $261M · 1,885
- Flatiron Construction Corp. 401(k) Profit Sharing Plan (CO) $261M · 1,384
- Toledo Clinic, Inc. Employees' 401(k) Profit Sharing Plan and Trust (OH) $261M · 1,528
- Barrett Business Services, Inc. Retirement Savings Plan (WA) $261M · 48,194
Similar participant headcount
Nearest other-state filings by covered participants (2,210 participants); asset peers above are excluded.
- Fxi 401(k) Plan (PA) 2,210 · 0 off
- Swbc 401(k) Plan (TX) 2,210 · 0 off
- Ready Pac Foods, Inc. 401(k) Retirement Savings Plan (CA) 2,210 · 0 off
- Bridgewater Interiors, LLC Savings & Investment (401(k)) Plan (MI) 2,211 · 1 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.