# Ionbond LLC 401(k) Plan
Source: https://planprovider.pro/companies/ionbond-llc-401k-plan

> Ionbond LLC's 401(k) plan: 208 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ionbond LLC

- **Sponsor EIN:** 223322481

- **Sponsor Address:** 1823 EAST WHITCOMB AVE, MADISON HEIGHTS, MI, 48071

- **Plan Type:** 401(k)

- **Total Participants:** 208

- **Total Assets:** $15.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|208|$15.8M|$591,843|$650,689|

| 2023|205|$17.9M|$632,206|$685,153|

| 2022|194|$15.6M|$615,851|$659,361|

## 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|

| KRUGGEL, LAWTON & COMPANY, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [KRUGGEL, LAWTON & COMPANY, LLC](https://planprovider.pro/provider/kruggel-lawton-and-company-llc) — Auditor

## 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|$64,481|$50,000|—|—|—|

| 2023|$61,881|$50,000|—|—|—|

| 2022|$25,150|$10,000|—|—|—|

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