401(k) · DOL Form 5500 · 2024
Merchants Bonding 401(k) Plan
Data updated 2026-08-11
- $58M
- Total assets
- 231
- Participants
- 86th
- Percentile by assets
- $251,835
- Avg per participant
Official DOL plan name: Merchants Bonding Co. Mutual Savings Plan · Sponsored by Merchants Bonding · Iowa · Finance & Insurance
$58M in assets, 231 participants
Merchants Bonding's Merchants Bonding Co. Mutual Savings Plan reported $58M in total assets and 231 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.
- 86th percentile by assets (of 123,622 plans)
- #6,655 in Finance & Insurance (8,549 peers)
Coverage in Iowa
Merchants Bonding Co. Mutual Savings Plan covers 231 participants in Iowa, about 38% of the average Iowa filer (state average ~609 per filing). Assets: $58M.
- $58M
- total plan assets (2024 EOY)
- 231
- covered participants
- 86th
- percentile by assets (of 123,622 plans)
- $251,835
- avg assets per participant
Where Merchants Bonding Co. Mutual Savings Plan sits by total assets
Merchants Bonding Co. Mutual Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$58,173,919 Top 14% higher than 86% 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
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Merchants Bonding Co. Mutual Savings Plan reported participants rose from 187 in the plan year 2023 filing to 231 in the plan year 2024 filing.
- Merchants Bonding Co. Mutual Savings Plan end-of-year assets rose from $49M in the plan year 2023 filing to $58M in the plan year 2024 filing.
- Merchants Bonding Co. Mutual Savings Plan reported net income fell from $10M in the plan year 2023 filing to $10M in the plan year 2024 filing.
Participants vs Iowa filers
In Iowa, the average filing covers about 609 participants across 1,246 plans. Merchants Bonding Co. Mutual Savings Plan reports 231 participants - about 38% of that state average ($58M EOY assets).
Iowa filing particulars
| Total Assets (Beginning of Year) | $49M |
|---|---|
| Net Assets (End of Year) | $58M |
| Net Income | $10M |
| Employer EIN | 420410010 |
| Plan Effective Date | 1992-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Merchants Bonding)
| 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
- The Principal Select Savings Plan $4.6B · 12,841
- The Rsm US LLP Retirement Plan $3.4B · 14,728
- Iowa Health System Section 401(k) Retirement Savings Plan $3.3B · 25,072
- The Hy-Vee and Affiliates 401(k) Plan $3.1B · 55,411
- Transamerica 401(k) Retirement Savings Plan $2.7B · 8,059
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Merchants Bonding Co. Mutual Savings Plan by total assets, not by location.
Frequently Asked Questions
How did Merchants Bonding Co. Mutual Savings Plan assets move in 2024? ▼
How have Merchants Bonding plan assets changed over time? ▼
Where does Merchants Bonding Co. Mutual Savings Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Merchants Bonding Co. Mutual Savings Plan's numbers.
- By total assets, Merchants Bonding Co. Mutual Savings Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Iowa. Compare plans
- Merchants Bonding's sponsor-wide assets have grown 52.0% since 2022 across 3 plan years on file. More Finance & Insurance plans