401(k) · DOL Form 5500 · 2023

Ion Financial, Mhc 401(k) Plan

Data updated 2026-08-25

$46M
Total assets Below avg plan size
322
Participants Below avg headcount
85th
Percentile by assets National rank
$141,461
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

$46M in assets, 322 participants

Ion Financial, Mhc's Ion Financial, Mhc 401(k) Plan reported $46M in total assets and 322 participants in its 2023 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.

  • #6,772 in Finance & Insurance (8,869 peers)

Coverage in Connecticut

Ion Financial, Mhc 401(k) Plan covers 322 participants in Connecticut, about 45% of the average Connecticut filer (state average ~718 per filing). Assets: $46M.

#6,772
in Finance & Insurance (8,869 peers)
+23.7%
assets growth YoY
0.5×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$45,550,490 Top 15% higher than 85% of 127,068 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 2023

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

Plan-year 2023 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 (322 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ion Financial, Mhc 401(k) Plan reported net income rose from -$6M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Ion Financial, Mhc 401(k) Plan end-of-year assets rose from $37M in the plan year 2022 filing to $46M in the plan year 2023 filing.
  • Ion Financial, Mhc 401(k) Plan reported participants rose from 296 in the plan year 2022 filing to 322 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 571223365 · Ion Financial, Mhc PY 2023 · 401(k)

Ion Financial, Mhc 401(k) Plan · $46M · 322 · 85th

  • IND $46M
  • EOY 322
  • 5500 85th
  • ASSETS 401(k)
  • PCT near Graybill Medical Group, Inc. 401(k) Profit Sharing Plan
  • EIN ind #6772

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…$46MGraybill Medical Group, Inc. 401(k) Profit Sharing PlanGraybill Medical Group, Inc.…$46MAllen Boone Humphries Robinson LLP 401(k) PlanAllen Boone Humphries Robins…$46MWestern Reserve Hospital, LLC 401(k) Profit Sharing PlanWestern Reserve Hospital, LL…$46MNeudesic, LLC 401(k) Profit Sharing PlanNeudesic, LLC 401(k) Profit …$46M
End-of-year total assets ($M) among Ion Financial, Mhc 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Connecticut filing particulars

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$46M
Net Income$8M
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. -50000050000100000150000 -200204060 Total assets ($B) Participants Ion Financial, Mhc 401(k) Plan, Total assets ($B): 0.04555049 · Participants: 322Ion Financial, Mhc 401(k) PlanRtx Savings Plan, Total assets ($B): 52.759784 · Participants: 123037Rtx Savings PlanCiti Retirement Savings Plan, Total assets ($B): 20.653030659 · Participants: 77865Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 6.478512 · Participants: 18377The Hartford Investment and Savings PlanXerox Corporation Savings Plan, Total assets ($B): 3.948866 · Participants: 10291Xerox Corporation Savings PlanEversource 401(k) Plan, Total assets ($B): 3.751712453 · Participants: 9504Eversource 401(k) 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 Graybill Medical Group, Inc. 401(k) Profit Sharing Plan in CA ($46M); by covered participants it is The Doctors Clinic, a P. C. 401(k) Profit Sharing Plan in WA (322 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (322 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Ion Financial, Mhc 401(k) Plan grew sharply - up 23.7% during 2023, from $37M to $46M. Reported net income was $8M.
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 127,072 plans that reported assets for plan year 2023 (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 Graybill Medical Group, Inc. 401(k) Profit Sharing Plan in CA ($46M, 81 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 The Doctors Clinic, a P. C. 401(k) Profit Sharing Plan in WA (322 participants, $123M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.