Cion 401(K) Savings Plan — Form 5500 plan (Cion Investment Group LLC)
Plain-English plan 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, Cion 401(K) Savings Plan is a benefit plan reported by Cion Investment Group LLC under EIN 45-3275112 and plan number 002. The latest loaded filing year is 2023. The filing reports 139 participants and $13,363,496 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Cion Investment Group LLC
- EIN
- 45-3275112
- Plan number
- 002
- Plan type
- 2
- Location
- New York, NY
- Latest filing year
- 2023
- Participants
- 139
- End-of-year plan assets
- $13,363,496
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 139 | H, C | 20241012110134NAL0024412625001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,363,496
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,363,496
- Net assets (BOY)
- $11,028,630
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $1,229,090
- Total contributions
- $1,258,902
- Total income / additions
- $3,454,147
Expenses & distributions
- Benefits paid
- $1,051,746
- Administrative expenses
- $67,434
- Total expenses
- $1,119,281
- Net increase / (decrease)
- $2,334,866
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Hpm Partners | ADVISOR | $50,517 | not reported in the loaded dataset | 2023 |
| Newport Group, Inc. | RECORD-KEEPER | $12,185 | $0 | 2023 |