2023 Form 5500 filing — Ion Financial, Mhc 401k Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240911063625NAL0008149393001) for Ion Financial, Mhc 401k Plan, reported by Ion Financial, Mhc under EIN 57-1223365 and plan number 002. It reports 460 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240911063625NAL0008149393001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Ion Financial, Mhc
- EIN
- 57-1223365
- Plan number
- 002
- Location
- Naugatuck, CT
- Participants
- 460
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $45,550,490
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $45,550,490
- Employer contributions
- $1,595,798
- Participant contributions
- $2,346,678
- Total income / additions
- $10,988,075
- Benefits paid
- $3,352,002
- Administrative expenses
- $43,396
- Total expenses
- $3,398,000
- Net increase / (decrease)
- $7,590,075
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $41,623 | $0 |
| Institutional Investment Consulting | SERVICE PROVIDER | $0 | $20,000 |
| Morningstar | SERVICE PROVIDER | $0 | $6,618 |