Defined Benefit (Pension) · DOL Form 5500 · 2022

Ion Bank Pension Plan

Data updated 2026-08-11

$71M
Total assets
51
Participants
91st
Percentile by assets
$1.4M
Avg per participant
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Official DOL plan name: Retirement Plan for Employees of Ion Bank · Sponsored by Ion Bank · Connecticut · Finance & Insurance

$71M in assets, 51 participants

Ion Bank's Retirement Plan for Employees of Ion Bank reported $71M in total assets and 51 participants in its 2022 DOL Form 5500 filing, ranking in the 91st 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.

  • 91st percentile by assets (of 139,126 plans)
  • #7,862 in Finance & Insurance (9,261 peers)

Where Retirement Plan for Employees of Ion Bank sits by assets

Retirement Plan for Employees of Ion Bank sits in the top 10% of all filed plans by assets, $71M for 51 participants (~$1.4M/participant), down 15.9% in 2022.

$71M
total plan assets (2022 EOY)
51
covered participants
91st
percentile by assets (of 139,126 plans)
$1.4M
avg assets per participant

The plan reported a net loss of $13M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Retirement Plan for Employees of Ion Bank sits by total assets

Retirement Plan for Employees of Ion Bank vs every filed plan by assets

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

$70,963,872 Top 9% higher than 91% of 139,123 filed plans

This plan $0 $2,010,000,000 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

State
Connecticut
Industry
Finance & Insurance

Retirement Plan for Employees of Ion Bank vs the 2022 asset distribution

By assets, Retirement Plan for Employees of Ion Bank outranks 91% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$84M
Net Assets (End of Year)$71M
Net Income-$13M
Employer EIN060465530
Plan Effective Date1946-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ion Bank)

$50M$60M$70M$80M$90M 202220232024 $71M $58.2M ▼ -18.0%
Total plan assets by year, all Ion Bank plans on file
Year Plans Participants Total Assets
2022 1 51 $71M
2023 1 47 $79M
2024 1 46 $58M

Nearby Defined Benefit (Pension) Plans in Connecticut

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Retirement Plan for Employees of Ion Bank vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants Retirement Plan for …, Total assets ($B): 0.070963872 · Participants: 51Retirement Plan for …GE Pension Plan, Total assets ($B): 45.011810846 · Participants: 24626GE Pension PlanRaytheon Company Pen…, Total assets ($B): 11.559983892 · Participants: 13495Raytheon Company Pen…The Citigroup Pensio…, Total assets ($B): 10.501575547 · Participants: 18484The Citigroup Pensio…Eversource Pension P…, Total assets ($B): 5.933906102 · Participants: 4126Eversource Pension P…Retirement Plan for …, Total assets ($B): 5.359687499 · Participants: 11471Retirement Plan for …
Retirement Plan for Employees of Ion Bank vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants
Compare Retirement Plan for Employees of Ion Ban… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Retirement Plan for Employees of Ion Bank by total assets, not by location.

Frequently Asked Questions

How did Retirement Plan for Employees of Ion Bank assets move in 2022? ▼
Retirement Plan for Employees of Ion Bank declined sharply - down 15.9% during 2022, from $84M to $71M. Reported net income was -$13M.
How have Ion Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ion Bank's sponsor-wide assets declined 18.0%, from $71M to $58M.
Where does Retirement Plan for Employees of Ion Bank rank by assets among Form 5500 filers? ▼
Retirement Plan for Employees of Ion Bank ranks in the 91st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Retirement Plan for Employees of Ion Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Floyd Healthcare Management, Inc. Retirement Plan in GA ($71M, 366 participants).

Next read for Retirement Plan for Employees of Ion Ban…

Scale reading

Ways to act on Retirement Plan for Employees of Ion Bank's numbers.

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 060465530.

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.