401(k) · DOL Form 5500 · 2024

The Merchants National Bank 401(k) Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
160
Participants Small participant base
73rd
Percentile by assets National rank
$143,638
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

$23M in assets, 160 participants

The Merchants National Bank's The Merchants National Bank Profit Sharing and 401(k) Savings Plan reported $23M in total assets and 160 participants in its 2024 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.

  • #5,024 in Finance & Insurance (8,549 peers)

Coverage in Ohio

The Merchants National Bank Profit Sharing and 401(k) Savings Plan covers 160 participants in Ohio, about 21% of the average Ohio filer (state average ~765 per filing). Assets: $23M.

#5,024
in Finance & Insurance (8,549 peers)
+14.6%
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 2024 · DOL Form 5500

$22,982,095 Top 27% higher than 73% of 123,620 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 2024

The Merchants National Bank Profit Sharing and 401(k) Savings Plan among mid-size filed plans by headcount

Plan-year 2024 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 (160 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Merchants National Bank Profit Sharing and 401(k) Savings Plan end-of-year assets rose from $20M in the plan year 2023 filing to $23M in the plan year 2024 filing.
  • The Merchants National Bank Profit Sharing and 401(k) Savings Plan reported net income rose from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 310373340 · The Merchants National Bank PY 2024 · 401(k)

The Merchants National Bank Profit Sharing and 401(k) Savings Plan · $23M · 160 · 73rd

  • RANK $23M
  • PHOTO 160
  • IND 73rd
  • EOY 401(k)
  • 5500 near Sound Point Capital Management, LP 401(k) Profit Sharing Plan a
  • ASSETS ind #5024

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 …$23MSound Point Capital Management, LP 401(k) Profit Sharing Plan aSound Point Capital Manageme…$23MHealthcare Management Administrators, Inc. Retirement PlanHealthcare Management Admini…$23MTrinity Medical Wny 403(b) PlanTrinity Medical Wny 403(b) P…$23MFogelman Properties 401(k) PlanFogelman Properties 401(k) P…$23M
End-of-year total assets ($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 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$23M
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 -505101520 Total assets ($B) Participants The Merchants National Bank Profit Sharing and 401(k) Savings Plan, Total assets ($B): 0.022982095 · Participants: 160The Merchants National Bank Profit Sharing and 401(k) Savings PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement 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 Sound Point Capital Management, LP 401(k) Profit Sharing Plan a in NY ($23M); by covered participants it is Battlefield Farms, Inc. Profit Sharing Plan in VA (160 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (160 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
The Merchants National Bank Profit Sharing and 401(k) Savings Plan grew at a solid clip - up 14.6% during 2024, from $20M to $23M. 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 Sound Point Capital Management, LP 401(k) Profit Sharing Plan a in NY ($23M, 191 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 Battlefield Farms, Inc. Profit Sharing Plan in VA (160 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.