# Ion Bank DB Plan
Source: https://planprovider.pro/companies/ion-bank-060465530-001

> Ion Bank's DB plan: 0 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## Plan Snapshot

- **Plan Sponsor:** Ion Bank

- **Sponsor EIN:** 060465530

- **Sponsor Address:** 251 CHURCH STREET, NAUGATUCK, CT, 067704121

- **Plan Type:** DB

- **Plan Number:** 001

- **Total Participants:** 0

- **Total Assets:** $27.7M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2025|0|$27.7M|$0|$0|

| 2024|38|$58.2M|$0|$0|

| 2023|46|$79.3M|$0|$0|

| 2022|47|$71.0M|$0|$0|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| USI CONSULTING GROUP|Other Service Provider|$118,740|—|$118,740|

| BROADRIDGE|Other Service Provider|$76,067|—|$76,067|

| AETNA LIFE INSURANCE COMPANY|Other Service Provider|$32,245|—|$32,245|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $227,052

- **Estimated Expense Ratio:** 0.821% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2025|$33,573,964|—|—|—|—|

| 2024|$240,179|$101,829|$48,717|—|—|

| 2023|$170,145|$124,455|$45,690|—|—|

| 2022|$166,340|$118,380|$47,960|—|—|

## Similar Plans

- [Liberty Bank](https://planprovider.pro/companies/liberty-bank-401k-plan-002) — 823 participants

- [Liberty Bank](https://planprovider.pro/companies/liberty-bank-plan-001) — 736 participants

- [Ion Financial, Mhc](https://planprovider.pro/companies/ion-financial-mhc-401k-plan) — 560 participants

- [Union Savings Bank](https://planprovider.pro/companies/union-savings-bank-401k-plan-002-0800) — 381 participants

- [Fairfield County Bank](https://planprovider.pro/companies/fairfield-county-bank-401k-plan) — 324 participants

- [Union Savings Bank](https://planprovider.pro/companies/union-savings-bank-plan-007) — 318 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/ion-bank-060465530-001)

© 2026 PlanProvider.Pro