Department of Labor filing

FIRST MERCHANTS CORPORATION

FIRST MERCHANTS CORPORATION RETIREMENT INCOME AND SAVINGS PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Jun 25, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

46filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$3,432

Reported employer contributions per active participant.

Higher than about 42% of comparable plans

#People in the filing

2,056

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$58 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 56% of comparable plans

↗Investment performance

Not available

Plan assets changed 9.2%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202446out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions42nd percentileTypical peer $4,074 · based on 112 comparable plans

Lower reported administrative expense56th percentileTypical peer $61 · based on 106 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, FIRST MERCHANTS CORPORATION reported $7,055,296 in employer contributions across the plan and 2,056 active participants. That works out to $3,432 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy75%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 12.1%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 5.1%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context46/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $7,055,296
Participant contributions: $13,225,327
Other contributions: $2,479,217
Employer share of reported contributions: 34.8%
Beginning assets: $238,918,095
Ending assets: $260,904,766
Ending net assets: $260,904,686
Ending liabilities: $80
Total income: $55,069,846
Total expenses: $33,074,402
Administrative expenses: $166,283
Participant loans: $2,791,900

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$3,062

2023

$3,213

2024

$3,432

Plan-paid administrative expenses per participant

2022

$55

2023

$63

2024

$58

Active participants

2022

2,130

2023

2,193

2024

2,056

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$3,432	2,056	260.9M	20250625093540NAL0011075872001
2023	$3,213	2,193	238.9M	20240621092632NAL0004960354001
2022	$3,062	2,130	204.7M	20230629134358NAL0004500915001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.1%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 351544218-002

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1991
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2F2G2J2K2S2T3D3H

Current plan terms

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Filing ACK_ID20250625093540NAL0011075872001

Data sourceDOL Form 5500 bulk data ↗

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