Merchants Bancorp 401(K) Plan — Form 5500 plan (Merchants Bancorp)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Merchants Bancorp 401(K) Plan is a benefit plan reported by Merchants Bancorp under EIN 35-0352710 and plan number 001. The latest loaded filing year is 2023. The filing reports 647 participants and $35,840,567 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Merchants Bancorp
- EIN
- 35-0352710
- Plan number
- 001
- Plan type
- 2
- Location
- Carmel, IN
- Latest filing year
- 2023
- Participants
- 647
- End-of-year plan assets
- $35,840,567
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 647 | H, C | 20241010103740NAL0011379347001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $35,840,567
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $35,840,567
- Net assets (BOY)
- $23,722,618
Income & contributions
- Employer contributions
- $1,883,276
- Participant contributions
- $4,326,724
- Total contributions
- $8,182,787
- Total income / additions
- $13,256,021
Expenses & distributions
- Benefits paid
- $1,034,010
- Administrative expenses
- $104,062
- Total expenses
- $1,138,072
- Net increase / (decrease)
- $12,117,949
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $76,412 | $0 | 2023 |
| Morgan Stanley Global Ba | INVESTMENT ADVISORY | $27,650 | not reported in the loaded dataset | 2023 |