Employers › Merchants Mutual Insurance
Recordkeeping fees per participant · Merchants Mutual Capital Accumulation Plan · plan year 2024
$40.69
Higher than 30% of the 5,847 plans $50 to 250M that report it.
= $17,824 / 438
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250811142009NAL0020940770001, received 2025-08-11
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250811142009NAL0020940770001, received 2025-08-11
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-11.
Administrative expenses excluding investment management, per participant
$41.38
Higher than 21% of the 8,758 plans $50 to 250M that report it.
= $18,124 / 438
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250811142009NAL0020940770001, received 2025-08-11
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250811142009NAL0020940770001, received 2025-08-11
Administrative expenses per participant
$41.38
Higher than 14% of the 9,042 plans $50 to 250M that report it.
= $18,124 / 438
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250811142009NAL0020940770001, received 2025-08-11
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250811142009NAL0020940770001, received 2025-08-11
Administrative expenses as a share of assets
0.023%
Higher than 10% of the 9,049 plans $50 to 250M that report it.
= $18,124 / $79,067,904
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250811142009NAL0020940770001, received 2025-08-11
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250811142009NAL0020940770001, received 2025-08-11
Employer contributions per participant
$4,107
Higher than 70% of the 9,105 plans $50 to 250M that report it.
= $1,798,744 / 438
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250811142009NAL0020940770001, received 2025-08-11
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250811142009NAL0020940770001, received 2025-08-11
Employer share of total contributions
31.8%
Higher than 58% of the 9,112 plans $50 to 250M that report it.
= $1,798,744 / $5,653,692
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250811142009NAL0020940770001, received 2025-08-11
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250811142009NAL0020940770001, received 2025-08-11
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250811142009NAL0020940770001, received 2025-08-11
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MERCHANTS MUTUAL INSURANCE COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Plan name | MERCHANTS MUTUAL CAPITAL ACCUMULATION PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Sponsor EIN / plan number | 16-0550140 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Sponsor location | BUFFALO, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Industry (business code) | 524140, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Filing received | 2025-08-11 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Participants, beginning of year | 440 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Active participants | 332 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Participants, end of year | 440 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Participants with an account balance | 438 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Total assets, beginning of year | $70,425,021 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Total assets, end of year | $79,067,904 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Net assets, end of year | $79,067,904 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Total income | $14,699,841 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Net income | $8,642,883 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Employer contributions | $1,798,744 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Participant contributions | $3,203,435 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Other contributions (incl. rollovers) | $651,513 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Total contributions | $5,653,692 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Benefit payments | $6,036,332 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Total expenses (incl. benefit payments) | $6,056,958 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Total administrative expenses | $18,124 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Recordkeeping fees | $17,824 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Administrative expenses excluding investment management | $18,124 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Held in mutual funds | $74,808,413 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250811142009NAL0020940770001, received 2025-08-11 |
| Independent auditor | DOPKINS & COMPANY LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250811142009NAL0020940770001, received 2025-08-11 |
Position = column in the DOL layout for form year 2024. Filing 20250811142009NAL0020940770001, received 2025-08-11.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE COrecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $17,824 | yes |
| QDRO CONSULTANTS COMPANY, LLC | OTHER | 99 Other fees | $300 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250811142009NAL0020940770001, received 2025-08-11.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $70,425,021 | $79,067,904 | 12.3% |
| Participants with a balance | 433 | 438 | 1.2% |
| Administrative expenses | $22,523 | $18,124 | -19.5% |
| Recordkeeping fees per participant | $52.02 | $40.69 | -21.8% |
| Employer contributions | $1,770,079 | $1,798,744 | 1.6% |
Prior filing 20240724145410NAL0007554371001, received 2024-07-24; the plan years are contiguous.
Sponsor name as filed: MERCHANTS MUTUAL INSURANCE COMPANY; SEC registrant: MERCHANTS MUTUAL INSURANCE CO (CIK 1058922, matched by EIN).