Defined Benefit (Pension) · DOL Form 5500 · 2022

Ion Bank Pension Plan

Data updated 2026-08-25

$71M
Total assets Below avg plan size
51
Participants Small participant base
91st
Percentile by assets National rank
$1.4M
Avg per participant High balance/head
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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.

  • #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.

#7,862
in Finance & Insurance (9,261 peers)
-15.9%
assets change YoY
0.7×
vs typical plan assets (national mean)

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.

Retirement Plan for Employees of Ion Bank's outsized position 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 $2,050,000,000 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

Retirement Plan for Employees of Ion Bank among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Retirement Plan for Employees of Ion Bank is a small filing (51 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 060465530 · Ion Bank PY 2022 · Defined Benefit (Pension)

Retirement Plan for Employees of Ion Bank · $71M · 51 · 91st

  • PHOTO $71M
  • IND 51
  • EOY 91st
  • 5500 Defined Benefit (Pension)
  • ASSETS near Floyd Healthcare Management, Inc. Retirement Plan
  • PCT ind #7862

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 →

Retirement Plan for Employees of Ion Bank in the asset neighbourhood

Thomas Steel Strip Corp. Pension PlanThomas Steel Strip Corp. Pen…$71MRetirement Plan for Employees of Ion BankRetirement Plan for Employee…$71MFloyd Healthcare Management, Inc. Retirement PlanFloyd Healthcare Management,…$71MUnited States Cold Storage, Inc. Pension PlanUnited States Cold Storage, …$71MVizient Retirement Plan$71M
End-of-year total assets ($M) among Retirement Plan for Employees of Ion Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

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)

Sponsor-wide plan assets over time

All Ion Bank plans reported in each filing year

Latest sponsor-wide plan assets
$58M 17.98451612110455% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $71M $58.2M ▼ -18.0%
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 ($B) Participants Retirement Plan for Employees of Ion Bank, Total assets ($B): 0.070963872 · Participants: 51Retirement Plan for Employees of Ion BankGE Pension Plan, Total assets ($B): 45.011810846 · Participants: 24626GE Pension PlanRaytheon Company Pension Plan for Salaried Employees, Total assets ($B): 11.559983892 · Participants: 13495Raytheon Company Pension Plan for Salaried EmployeesThe Citigroup Pension Plan, Total assets ($B): 10.501575547 · Participants: 18484The Citigroup Pension PlanEversource Pension Plan, Total assets ($B): 5.933906102 · Participants: 4126Eversource Pension PlanRetirement Plan for Employees of Aetna Inc., Total assets ($B): 5.359687499 · Participants: 11471Retirement Plan for Employees of Aetna Inc.
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 Bank side-by-side with 3 peers →

Retirement Plan for Employees of Ion Bank's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Connecticut, the nearest Defined Benefit (Pension) by assets is Floyd Healthcare Management, Inc. Retirement Plan in GA ($71M); by covered participants it is Pension Plan for Employees of Republic Companies, Inc. and Certain Affiliates in TX (51 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($71M here).

Similar participant headcount

Nearest other-state filings by covered participants (51 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Retirement Plan for Employees of Ion Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan for Employees of Republic Companies, Inc. and Certain Affiliates in TX (51 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 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.