Plan Snapshot
- Plan Sponsor: Ion Bank
- Sponsor EIN: 060465530
- Sponsor Address: 251 CHURCH STREET, NAUGATUCK, CT, 067704121
- Plan Type: DB
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2026 | 0 | $0 | $0 | $0 |
| 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 | Recordkeeper | $76,067 | — | $76,067 |
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $32,245 | — | $32,245 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BROADRIDGE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $227,052
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 |
|---|---|---|---|---|---|
| 2026 | $10,650 | — | $337 | — | — |
| 2025 | $33,573,964 | — | $150,985 | — | — |
| 2024 | $240,179 | $101,829 | $48,717 | — | — |
| 2023 | $170,145 | $124,455 | $45,690 | — | — |
| 2022 | $166,340 | $118,380 | $47,960 | — | — |