Holdings are itemized directly on this plan's Schedule of Assets, below.
| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MERCER | 35-0508403 | — | ACTUARY | $517K | — |
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Federated Total Return Bond shares | — | — | $3.7M | $3.5M | 4.4% | |
| Barclays Aggregate Bond ETF Ishares shares | — | — | $3.5M | $3.4M | 4.3% |
| Vanguard 500 Index Admiral Class shares | — | — | $1.0M | $3.1M | 3.8% |
| Vanguard Total Bond Market shares | — | — | $3.1M | $3.0M | 3.8% |
| s (continued) Fidelity Contrafund shares | Mutual Funds | — | $1.1M | $2.8M | 3.5% |
| Federated Government Obligation PR Fund #117 shares | — | — | $2.5M | $2.5M | 3.2% |
| Vanguard Equity Income Fund Admiral Class shares | — | — | $1.5M | $2.5M | 3.1% |
| First Merchants Corporation Common Stock shares | — | — | $666K | $2.4M | 3.0% |
| Federated Sh-Interm Total Return Bond Fund IS shares | — | — | $2.5M | $2.4M | 3.0% |
| Vanguard Intermediate Term Admiral shares | — | — | $1.8M | $1.8M | 2.3% |
| Northern Ultra-Short Fixed shares | — | — | $1.4M | $1.4M | 1.7% |
| Vanguard Primecap Admiral Class shares | — | — | $616K | $1.3M | 1.7% |
| Vanguard S/C Index Admiral shares | — | — | $455K | $1.3M | 1.6% |
| Vanguard International Growth Admiral Shares | — | — | $719K | $1.2M | 1.5% |
| Schwab Fundamental International shares | — | — | $1.2M | $1.1M | 1.4% |
| Vanguard Midcap Index Fund Admiral Class shares | — | — | $322K | $1.1M | 1.4% |
| Federal Home Loan Bank $1,000,000, 5.000%, due 03/01/38 | — | — | $1.0M | $996K | 1.2% |
| Northern Midcap Index shares | — | — | $870K | $958K | 1.2% |
| U.S. Treasury Note $1,000,000, 4.500%, due 02/15/44 | — | — | $1.0M | $955K | 1.2% |
| U.S. Treasury Note $1,000,000, 4.375%, due 08/15/43 | — | — | $993K | $942K | 1.2% |
| U.S. Treasury Note $1,000,000, 4.000%, due 11/15/42 | — | — | $949K | $901K | 1.1% |
| Microsoft Corporation $750,000, 4.200%, due 11/03/35 | — | — | $727K | $717K | 0.9% |
| and Notes (continued) Walmart Inc $750,000, 4.100%, due 04/15/33 | Corporate Bonds | — | $718K | $715K | 0.9% |
| Lockheed Martin Corp $750,000, 4.500%, due 05/15/36 | — | — | $711K | $704K | 0.9% |
| S&P Midcap 400 Growth ETF IShares shares | — | — | $156K | $682K | 0.8% |
| S&P Midcap 400 Value ETF IShares shares | — | — | $190K | $650K | 0.8% |
| McDonalds Corp $500,000, 6.300%, due 03/01/38 | — | — | $543K | $538K | 0.7% |
| Bristol Myers Squibb $500,000, 5.750%, due 02/01/31 | — | — | $523K | $520K | 0.6% |
| Federal Home Loan Bank $500,000, 4.875%, due 09/12/31 | — | — | $490K | $507K | 0.6% |
| Federal Home Loan Bank $500,000, 4.875%, due 09/12/31 | — | — | $500K | $501K | 0.6% |
| Shell International $500,000, 5.500%, due 03/25/40 | — | — | $515K | $499K | 0.6% |
| JPMorgan Chase & Co $500,000, 5.500%, due10/15/40 | — | — | $514K | $498K | 0.6% |
| Amgen Inc $500,000, 3.125%, due 05/01/25 | — | — | $499K | $497K | 0.6% |
| McDonald's Corp $500,000, 3.700%, due 01/30/26 | — | — | $500K | $496K | 0.6% |
| U.S. Treasury Bonds and Notes U.S. Treasury Note $500,000, 3.000%, due 10/31/25 | — | — | $496K | $495K | 0.6% |
| Visa Inc $500,000, 3.150%, due 12/14/25 | — | — | $504K | $494K | 0.6% |
| Conoco Phillips Company $500,000, 5.050%, due 09/15/33 | — | — | $504K | $494K | 0.6% |
| Federal Home Loan Bank $500,000, 4.050%, due 02/02/28 | — | — | $500K | $493K | 0.6% |
| Lowe's Cos Inc $500,000, 4.500%, due 04/15/30 | — | — | $494K | $490K | 0.6% |
| Amphenol Corp $500,000, 4.350%, due 06/01/29 | — | — | $488K | $490K | 0.6% |
| Applied Materials Sr Notes $500,000, 3.300%, due 04/01/27 | — | — | $488K | $487K | 0.6% |
| Union Pacific Corp $500,000, 3.950%, due 09/10/28 | — | — | $518K | $487K | 0.6% |
| Abbott Laboratories $500,000, 4.750%, due 11/30/36 | — | — | $508K | $483K | 0.6% |
| Comcast Corp $500,000, 4.250%, due 10/15/30 | — | — | $493K | $482K | 0.6% |
| Honeywell International $500,000, 4.500%, due 01/15/34 | — | — | $495K | $477K | 0.6% |
| U.S. Treasury Note $500,000, 4.375%, due 05/15/41 | — | — | $491K | $477K | 0.6% |
| Halliburton Co $500,000, 4.850%, due 11/15/35 | — | — | $494K | $475K | 0.6% |
| Toronto-Dominion Bank $500,000, 4.456%, due 06/08/32 | — | — | $478K | $474K | 0.6% |
| Waste Management Inc $500,000, 4.150%, due 04/15/32 | — | — | $476K | $473K | 0.6% |
| United Health Group Inc $500,000, 4.200%, due 05/15/32 | — | — | $487K | $471K | 0.6% |
| Medtronic PLC $500,000, 4.375%, due 03/15/35 | — | — | $488K | $470K | 0.6% |
| Phillips 66 $500,000, 4.650%, due 11/15/34 | — | — | $484K | $466K | 0.6% |
| Parker Hannifin Corp $470,000, 4.500%, due 09/15/29 | — | — | $464K | $463K | 0.6% |
| Visa Inc $500,000, 4.150%, due 12/14/35 | — | — | $486K | $462K | 0.6% |
| Charles Schwab Corp $500,000, 2.000%, due 03/20/28 | — | — | $506K | $458K | 0.6% |
| Exxon Mobil Corporation $500,000, 2.440%, due 08/16/29 | — | — | $433K | $456K | 0.6% |
| Cigna Group $500,000, 4.800%, due 08/15/38 | — | — | $480K | $453K | 0.6% |
| Anheuser Busch Inbev $500,000, 4.375%, due 04/15/38 | — | — | $472K | $452K | 0.6% |
| 19 Alexandria Real Estate RE $500,000, 3.375%, due 08/15/31 | — | — | $466K | $448K | 0.6% |
| Pfizer Inc $500,000, 4.000%, due 12/15/36 | — | — | $473K | $446K | 0.6% |
| Federal Farm Credit Bank $500,000, 2.940%, due 02/23/32 | — | — | $500K | $444K | 0.6% |
| Amazon.com Inc $500,000, 3.875%, due 08/22/37 | — | — | $464K | $442K | 0.5% |
| Johnson and Johnson $500,000, 3.625%, due 03/03/37 | — | — | $442K | $434K | 0.5% |
| Bristol Myers Squibb $500,000, 4.1250%, due 06/15/39 | — | — | $448K | $432K | 0.5% |
| IBM Corp $500,000, 4.150%, due 05/15/39 | — | — | $450K | $430K | 0.5% |
| Merck & Co $500,000, 3.900%, due 03/07/39 | — | — | $439K | $424K | 0.5% |
| Wells Fargo & Company $425,000, 4.000%, due 04/29/28 | — | — | $425K | $408K | 0.5% |
| Amazon.com Inc $400,000, 4.550%, due 12/01/27 | — | — | $404K | $402K | 0.5% |
| U.S. Government and Municipal Agencies Federal Home Loan Bank $400,000, 3.500%, due 01/21/25 | — | — | $400K | $400K | 0.5% |
| Federal Home Loan Bank $400,000, 5.000%, due 07/18/28 | — | — | $400K | $399K | 0.5% |
| Federal Home Loan Bank $400,000, 4.000%, due 07/21/27 | — | — | $400K | $397K | 0.5% |
| Apple Inc $400,000, 3.250%, due 02/23/26 | — | — | $394K | $395K | 0.5% |
| and Notes (continued) Stryker Corp $400,000, 3.500%, due 03/15/26 | Corporate Bonds | — | $410K | $395K | 0.5% |
| Fedex Corp $400,000, 3.250%, due 04/01/26 | — | — | $403K | $393K | 0.5% |
| Nvidia Corp $400,000, 3.200%, due 09/16/26 | — | — | $404K | $392K | 0.5% |
| LAM Research Corp $400,000, 4.000%, due 03/15/29 | — | — | $392K | $389K | 0.5% |
| CSX Corp $400,000, 2.600%, due 11/01/26 | — | — | $390K | $387K | 0.5% |
| General Dynamics $400,000, 2.125%, due 08/15/26 | — | — | $383K | $386K | 0.5% |
| Waste Management Inc $400,000, 3.150%, due 11/15/27 | — | — | $420K | $385K | 0.5% |
| U.S. Treasury Note $500,000, 3.000%, due 05/15/45 | — | — | $395K | $378K | 0.5% |
| Apple Inc $400,000, 1.200%, due 02/08/28 | — | — | $400K | $362K | 0.4% |
| Huntington National Bank $350,000, 5.650%, due 01/10/30 | — | — | $361K | $356K | 0.4% |
| Pzena Emerging Market Value Fd Instl shares | — | — | $400K | $344K | 0.4% |
| WCM Focused Intl Growth Fd Instl Class shares | — | — | $295K | $329K | 0.4% |
| Dodge & Cox International shares | Mutual Funds | — | $256K | $324K | 0.4% |
| Federal Farm Credit Bank $300,000, 5.430%, due 07/14/28 | — | — | $300K | $301K | 0.4% |
| and Notes Microsoft Corp $300,000, 2.700%, due 02/12/25 | Corporate Bonds | — | $298K | $299K | 0.4% |
| WCM Focused Emerging Mkts Fd Instl Class shares | — | — | $300K | $296K | 0.4% |
| JPMorgan Chase & Co $300,000, 4.565%, due 06/14/30 | — | — | $297K | $294K | 0.4% |
| CSX Corp $300,000, 3.250%, due 06/01/27 | — | — | $310K | $291K | 0.4% |
| Lowe's Cos $300,000, 3.100%, due 05/03/27 | — | — | $308K | $290K | 0.4% |
| American Wtr Cap Corp $300,000, 2.950%, due 09/01/27 | — | — | $304K | $287K | 0.4% |
| Citigroup Inc $300,000, 2.000%, due 10/30/28 | — | — | $300K | $266K | 0.3% |
| Nextera Energy Capital $250,000, 5.000%, due 02/28/30 | — | — | $243K | $250K | 0.3% |
| Northern Trust $250,000, 3.950%, due 10/30/25 | — | — | $255K | $248K | 0.3% |
| Autozone Sr Notes $249,000, 3.250%, due 04/15/25 | — | — | $249K | $248K | 0.3% |
| Berkshire Hathaway $250,000, 3.125%, due 03/15/26 | — | — | $251K | $246K | 0.3% |
| Certificates of Deposit CITI Bank CD $250,000, 3.000%, due 01/14/25 | — | — | $250K | $246K | 0.3% |
| IBM Corp Sr Notes $220,000, 3.450%, due 02/19/26 | — | — | $219K | $217K | 0.3% |
| Money Market Funds Federated Government Obligation INC Fund #117 shares | — | — | $65K | $65K | <0.1% |
