Defined Benefit (Pension) · DOL Form 5500 · 2024

First Merchants Corporation Pension Plan

Data updated 2026-08-25

$80M
Total assets Below avg plan size
130
Participants Small participant base
89th
Percentile by assets National rank
$618,525
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

$80M in assets, 130 participants

First Merchants Corporation's First Merchants Corporation Retirement Pension Plan reported $80M in total assets and 130 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,061 in Finance & Insurance (8,549 peers)

Coverage in Indiana

First Merchants Corporation Retirement Pension Plan covers 130 participants in Indiana, about 24% of the average Indiana filer (state average ~541 per filing). Assets: $80M.

#7,061
in Finance & Insurance (8,549 peers)
-2.2%
assets change YoY
0.8×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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 2024 · DOL Form 5500

$80,408,266 Top 11% higher than 89% 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

First Merchants Corporation Retirement Pension 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. First Merchants Corporation Retirement Pension Plan sits mid-pack in the medium band (130 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Merchants Corporation Retirement Pension Plan reported net income fell from $5M in the plan year 2023 filing to -$2M in the plan year 2024 filing.
  • First Merchants Corporation Retirement Pension Plan reported participants fell from 138 in the plan year 2023 filing to 130 in the plan year 2024 filing.
  • First Merchants Corporation Retirement Pension Plan end-of-year assets fell from $82M in the plan year 2023 filing to $80M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 351544218 · First Merchants Corporation PY 2024 · Defined Benefit (Pension)

First Merchants Corporation Retirement Pension Plan · $80M · 130 · 89th

  • BOY $80M
  • BOY 130
  • BOY 89th
  • BOY Defined Benefit (Pension)
  • BOY near Major League Baseball Pension Plan for Non-Uniformed Personnel
  • BOY ind #7061

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

Sheet Metal Workers Local Pension PlanSheet Metal Workers Local Pe…$80MFlexco Pension Plan$80MMajor League Baseball Pension Plan for Non-Uniformed PersonnelMajor League Baseball Pensio…$80MFirst Merchants Corporation Retirement Pension PlanFirst Merchants Corporation …$80MEglin Federal Credit Union Retirement PlanEglin Federal Credit Union R…$80M
End-of-year total assets ($M) among First Merchants Corporation Retirement Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Indiana filing particulars

Total Assets (Beginning of Year)$82M
Net Assets (End of Year)$80M
Net Income-$2M
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. -10000010000200003000040000 -5051015 Total assets ($B) Participants First Merchants Corporation Retirement Pension Plan, Total assets ($B): 0.080408266 · Participants: 130First Merchants Corporation Retirement Pension PlanThe Lilly Retirement Plan, Total assets ($B): 11.79293888 · Participants: 19897The Lilly Retirement PlanCummins Pension Plan, Total assets ($B): 3.225499056 · Participants: 30640Cummins Pension PlanIndiana Laborers Pension Fund, Total assets ($B): 1.815373164 · Participants: 11039Indiana Laborers Pension FundElevance Health Cash Balance Plan a, Total assets ($B): 1.237231976 · Participants: 7552Elevance Health Cash Balance Plan aNisource Pension Plan, Total assets ($B): 1.003483487 · Participants: 2133Nisource 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 Major League Baseball Pension Plan for Non-Uniformed Personnel in CA ($80M); by covered participants it is Cancer Partners of Nebraska Cash Balance Plan in NE (130 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($80M here).

Similar participant headcount

Nearest other-state filings by covered participants (130 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 First Merchants Corporation Retirement Pension Plan assets move in 2024? ▼
First Merchants Corporation Retirement Pension Plan edged down modestly - down 2.2% during 2024, from $82M to $80M. Reported net income was -$2M.
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 89th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile 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 Major League Baseball Pension Plan for Non-Uniformed Personnel in CA ($80M, 320 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 Cancer Partners of Nebraska Cash Balance Plan in NE (130 participants, $14M 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 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.