Plan Snapshot
- Plan Sponsor: Ion Geophysical Corporation
- Sponsor EIN: 222286646
- Sponsor Address: 500 DELAWARE AVE., WILMINGTON, DE, 19801
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $0 | $0 | $0 |
| 2023 | 0 | $4,998 | $0 | $0 |
| 2022 | 460 | $15.5M | $76,367 | $1.4M |
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 |
|---|---|---|---|---|
| SEWARD & KISSEL LLP | ATTORNEY/LEGAL | $59,650 | — | $59,650 |
| BEDERSON LLP | ACCOUNTANT/AUDITOR | $55,000 | — | $55,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SEWARD & KISSEL LLP — ATTORNEY/LEGAL
- BEDERSON LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $114,650
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 | $5,015 | — | — | — | — |
| 2023 | $34,295 | — | — | $27,500 | — |
| 2022 | $85,079 | — | — | — | — |