Plan Snapshot
- Plan Sponsor: Ion Financial, Mhc
- Sponsor EIN: 571223365
- Sponsor Address: 251 CHURCH STREET PO BOX 370, NAUGATUCK, CT, 06770
- Plan Type: 401(k)
- Total Participants: 349
- Total Assets: $50.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 349 | $50.8M | $2.0M | $2.6M |
| 2023 | 356 | $45.6M | $1.6M | $2.3M |
| 2022 | 322 | $36.8M | $1.5M | $2.0M |
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 |
|---|---|---|---|---|
| WHITTLESEY PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |
|---|---|---|---|---|---|
| 2024 | $67,012 | $9,109 | $56,903 | — | — |
| 2023 | $43,396 | — | $43,396 | — | — |
| 2022 | $49,495 | — | — | — | — |