401(k) · DOL Form 5500 · 2022

Ion Financial, Mhc 401(k) Plan

Data updated 2026-08-25

$37M
Total assets Below avg plan size
296
Participants Below avg headcount
85th
Percentile by assets National rank
$124,432
Avg per participant Near avg balance/head
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Official DOL plan name: Ion Financial, Mhc 401(k) Plan · Sponsored by Ion Financial, Mhc · Connecticut · Finance & Insurance

$37M in assets, 296 participants

Ion Financial, Mhc's Ion Financial, Mhc 401(k) Plan reported $37M in total assets and 296 participants in its 2022 DOL Form 5500 filing, ranking in the 85th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,039 in Finance & Insurance (9,261 peers)

Coverage in Connecticut

Ion Financial, Mhc 401(k) Plan covers 296 participants in Connecticut, about 41% of the average Connecticut filer (state average ~718 per filing). Assets: $37M.

#7,039
in Finance & Insurance (9,261 peers)
-14.5%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Ion Financial, Mhc 401(k) Plan's outsized position by total assets

Ion Financial, Mhc 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$36,831,773 Top 15% higher than 85% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Ion Financial, Mhc 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ion Financial, Mhc 401(k) Plan sits mid-pack in the medium band (296 participants).

DOL schedule card

Filing strip 571223365 · Ion Financial, Mhc PY 2022 · 401(k)

Ion Financial, Mhc 401(k) Plan · $37M · 296 · 85th

  • PHOTO $37M
  • PHOTO 296
  • PHOTO 85th
  • PHOTO 401(k)
  • PHOTO near Ltimindtree Limited 401(k) Profit Sharing Plan & Trust
  • PHOTO ind #7039

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Connecticut →

Ion Financial, Mhc 401(k) Plan in the asset neighbourhood

Ion Financial, Mhc 401(k) PlanIon Financial, Mhc 401(k) Pl…$37MLtimindtree Limited 401(k) Profit Sharing Plan & TrustLtimindtree Limited 401(k) P…$37MMeltwater News US Inc. 401(k) PlanMeltwater News US Inc. 401(k…$37MTrib Total Media, LLC & Subsidiary Master Plan for Savings and InvestmentTrib Total Media, LLC & Subs…$37MAmerican Seating Company 401(k) Retirement PlanAmerican Seating Company 401…$37M
End-of-year total assets ($M) among Ion Financial, Mhc 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Connecticut filing particulars

Total Assets (Beginning of Year)$43M
Net Assets (End of Year)$37M
Net Income-$6M
Employer EIN571223365
Plan Effective Date1975-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ion Financial, Mhc)

Sponsor-wide plan assets over time

All Ion Financial, Mhc plans reported in each filing year

Latest sponsor-wide plan assets
$51M 37.907583216262765% vs 2022
2024 filing year
$35M$40M$45M$50M$55M 202220232024 $36.8M $50.8M ▲ +37.9%
Year Plans Participants Total Assets
2022 1 296 $37M
2023 1 322 $46M
2024 1 356 $51M

Nearby 401(k) Plans in Connecticut

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Ion Financial, Mhc 401(k) Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -200204060 Total assets ($B) Participants Ion Financial, Mhc 401(k) Plan, Total assets ($B): 0.036831773 · Participants: 296Ion Financial, Mhc 401(k) PlanUnited Technologies Corporation Employee Savings Plan, Total assets ($B): 48.916975 · Participants: 55762United Technologies Corporation Employee Savings PlanGE Retirement Savings Plan, Total assets ($B): 24.786830027 · Participants: 57522GE Retirement Savings PlanCiti Retirement Savings Plan, Total assets ($B): 17.438946034 · Participants: 70070Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 5.615003 · Participants: 17724The Hartford Investment and Savings PlanXerox Corporation Savings Plan, Total assets ($B): 3.641347 · Participants: 11876Xerox Corporation Savings Plan
Ion Financial, Mhc 401(k) Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Ion Financial, Mhc 401(k) Plan side-by-side with 3 peers →

Ion Financial, Mhc 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Connecticut, the nearest 401(k) by assets is Ltimindtree Limited 401(k) Profit Sharing Plan & Trust in NJ ($37M); by covered participants it is Aarsand Management, LLC 401(k) Plan in MD (296 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (296 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Ion Financial, Mhc 401(k) Plan assets move in 2022? ▼
Ion Financial, Mhc 401(k) Plan pulled back noticeably - down 14.5% during 2022, from $43M to $37M. Reported net income was -$6M.
How have Ion Financial, Mhc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ion Financial, Mhc's sponsor-wide assets grew 37.9%, from $37M to $51M.
Where does Ion Financial, Mhc 401(k) Plan rank by assets among Form 5500 filers? ▼
Ion Financial, Mhc 401(k) Plan ranks in the 85th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Ion Financial, Mhc 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ltimindtree Limited 401(k) Profit Sharing Plan & Trust in NJ ($37M, 3,072 participants).
Which 401(k) plans cover a similar participant headcount to Ion Financial, Mhc 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Aarsand Management, LLC 401(k) Plan in MD (296 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 571223365.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.