ESOP · DOL Form 5500 · 2024

Merchants Financial Group, Inc. ESOP

Data updated 2026-08-11

$47M
Total assets
404
Participants
83rd
Percentile by assets
$116,525
Avg per participant
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Official DOL plan name: Merchants Financial Group, Inc. Employee Stock Ownership Plan · Sponsored by Merchants Financial Group, Inc. · Minnesota · Management of Enterprises

$47M in assets, 404 participants

Merchants Financial Group, Inc.'s Merchants Financial Group, Inc. Employee Stock Ownership Plan reported $47M in total assets and 404 participants in its 2024 DOL Form 5500 filing, ranking in the 83rd 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.

  • 83rd percentile by assets (of 123,622 plans)
  • #756 in Management of Enterprises (1,133 peers)

Coverage in Minnesota

Merchants Financial Group, Inc. Employee Stock Ownership Plan covers 404 participants in Minnesota, about 36% of the average Minnesota filer (state average ~1,126 per filing). Assets: $47M.

$47M
total plan assets (2024 EOY)
404
covered participants
83rd
percentile by assets (of 123,622 plans)
$116,525
avg assets per participant

Where Merchants Financial Group, Inc. Employee Stock Ownership Plan sits by total assets

Merchants Financial Group, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$47,075,983 Top 17% higher than 83% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Merchants Financial Group, Inc. Employee Stock Ownership Plan reported net income rose from -$3M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Merchants Financial Group, Inc. Employee Stock Ownership Plan reported participants fell from 422 in the plan year 2023 filing to 404 in the plan year 2024 filing.
  • Merchants Financial Group, Inc. Employee Stock Ownership Plan end-of-year assets rose from $45M in the plan year 2023 filing to $47M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Minnesota
Industry
Management of Enterprises

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Merchants Financial Group, Inc. Employee Stock Ownership Plan reports 404 participants - about 36% of that state average ($47M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)$45M
Net Assets (End of Year)$39M
Net Income$3M
Employer EIN411504721
Plan Effective Date2001-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Merchants Financial Group, Inc.)

$100M$105M$110M$115M 202220232024 $102M $112M ▲ +9.9%
Total plan assets by year, all Merchants Financial Group, Inc. plans on file
Year Plans Participants Total Assets
2022 2 875 $102M
2023 2 873 $105M
2024 2 833 $112M

Nearby ESOP Plans in Minnesota

Peer ESOP plans, same state, same plan type, ranked by total assets.

Merchants Financial Group, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 050010001500 Total assets ($M) Participants Merchants Financial …, Total assets ($M): 47.075983 · Participants: 404Merchants Financial …Andersen Corporation…, Total assets ($M): 962.686911 · Participants: 12104Andersen Corporation…Landscape Structures…, Total assets ($M): 593.784492 · Participants: 490Landscape Structures…Kingdom Enterprises,…, Total assets ($M): 593.525018 · Participants: 782Kingdom Enterprises,…Force America Inc. E…, Total assets ($M): 472.716981 · Participants: 615Force America Inc. E…Ablenet, Inc. Employ…, Total assets ($M): 459.837439 · Participants: 134Ablenet, Inc. Employ…
Merchants Financial Group, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Merchants Financial Group, Inc. Employee… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Merchants Financial Group, Inc. Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Merchants Financial Group, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Merchants Financial Group, Inc. Employee Stock Ownership Plan edged up modestly - up 3.7% during 2024, from $45M to $47M. Reported net income was $3M.
How have Merchants Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Merchants Financial Group, Inc.'s sponsor-wide assets grew 9.9%, from $102M to $112M.
Where does Merchants Financial Group, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Merchants Financial Group, Inc. Employee Stock Ownership Plan ranks in the 83rd 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 ESOP plans are similar in size to Merchants Financial Group, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Bank Forward Employee Stock Ownership Plan in ND ($47M, 202 participants).

Next read for Merchants Financial Group, Inc. Employee…

Filing takeaways

Ways to act on Merchants Financial Group, Inc. Employee Stock Ownership Plan's numbers.

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 411504721.

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.