How big is Merit Bank's plan?

Merit Bank's plan reported $1.3M in assets and 48 participants for 2024.

Original filing (PDF)20251009160619NAL0006881329001

Merit Bank

Name: Merit Bank — Merit Bank 401(k) Plan, Form 5500 (2024)
Creator: Merit Bank
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Merit Bank 401(k) Plan

401(k) retirement plan · Merit Bank's Merit Bank 401(k) Plan held $1.3M in plan assets for 48 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$1.3M

Net assets (EOY)

$1.3M

People on this filing

Richard Tatum signed Merit Bank's 2024 Form 5500 as plan administrator.

Richard Tatum — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Merit Bank's EIN is 63-0041570.

EIN 63-0041570

Plan number 001

Plan year 2024

ACK ID 20251009160619NAL0006881329001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Merit Bank from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Merit Bank's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for MERIT BANK.

Finding similar companies…

Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

MERIT BANK

EIN

all filings

Address

659 GALLATIN ST. SW · HUNTSVILLE, AL · 35801

Phone

(256) 603-4557

Industry

Commercial Banking· Finance & Insurance

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-09

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2H · Partial participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2S · Automatic enrollment

2T · Default investment account (QDIA)

Service providers (Schedule C)

Small plans don't disclose service providers

Related plans

Similar-size Commercial Banking plans

Citizens Bank

Citizens Bank 401(k) Plan

$1.3M · 27 participants

Farmers Bank & Trust

Farmers Bank & Trust 401(k) Profit Sharing Plan

$1.3M · 22 participants

Texas Traditions Bank

Texas Traditions Bank 401(k) Plan

$1.3M · 37 participants

The Ephrata National Bank

Ephrata National Bank Employee Benefit Plan

$1.3M · 301 participants

The First Central National Bank

The First Central National Bank 401(k) Plan

$1.3M · 20 participants

Researching more plans? Run a look up another company's Form 5500 by company name, EIN, or plan name.