Defined Benefit (Pension) · DOL Form 5500 · 2023

Ion Bank Pension Plan

Data updated 2026-08-25

$79M
Total assets Below avg plan size
47
Participants Small participant base
90th
Percentile by assets National rank
$1.7M
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

$79M in assets, 47 participants

Ion Bank's Retirement Plan for Employees of Ion Bank reported $79M in total assets and 47 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,444 in Finance & Insurance (8,869 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, $79M for 47 participants (~$1.7M/participant), up 11.7% in 2023.

#7,444
in Finance & Insurance (8,869 peers)
+11.7%
assets growth YoY
0.8×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$79,275,680 Top 10% higher than 90% 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

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

Plan-year 2023 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 (47 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Retirement Plan for Employees of Ion Bank reported net income rose from -$13M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Retirement Plan for Employees of Ion Bank end-of-year assets rose from $71M in the plan year 2022 filing to $79M in the plan year 2023 filing.
  • Retirement Plan for Employees of Ion Bank reported participants fell from 51 in the plan year 2022 filing to 47 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 060465530 · Ion Bank PY 2023 · Defined Benefit (Pension)

Retirement Plan for Employees of Ion Bank · $79M · 47 · 90th

  • EOY $79M
  • EOY 47
  • EOY 90th
  • EOY Defined Benefit (Pension)
  • EOY near Wolters Kluwer Cch, Springhouse and Waverly Pension Plan
  • EOY ind #7444

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

General Cable Master Pension PlanGeneral Cable Master Pension…$79MIndependence Community Bank Employees Retirement PlanIndependence Community Bank …$79MFlexco Pension Plan$79MRetirement Plan for Employees of Ion BankRetirement Plan for Employee…$79MWolters Kluwer Cch, Springhouse and Waverly Pension PlanWolters Kluwer Cch, Springho…$79M
End-of-year total assets ($M) among Retirement Plan for Employees of Ion Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$71M
Net Assets (End of Year)$79M
Net Income$8M
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): 0.07927568 · Participants: 47Retirement Plan for Employees of Ion BankRtx Consolidated Pension Plan, Total assets ($B): 43.752088232 · Participants: 23823Rtx Consolidated Pension PlanThe Citigroup Pension Plan, Total assets ($B): 10.610367002 · Participants: 17283The Citigroup Pension PlanEversource Pension Plan, Total assets ($B): 5.8761342 · Participants: 3717Eversource Pension PlanRetirement Plan for Employees of Aetna Inc., Total assets ($B): 5.40003759 · Participants: 10546Retirement Plan for Employees of Aetna Inc.The Hartford Retirement Plan for U.S. Employees, Total assets ($B): 3.580099386 · Participants: 7529The Hartford Retirement Plan for U.S. Employees
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 Wolters Kluwer Cch, Springhouse and Waverly Pension Plan in IL ($79M); by covered participants it is First Federal Savings Bank Defined Benefit Plan in IN (47 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($79M here).

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 Retirement Plan for Employees of Ion Bank assets move in 2023? ▼
Retirement Plan for Employees of Ion Bank grew at a solid clip - up 11.7% during 2023, from $71M to $79M. Reported net income was $8M.
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 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Wolters Kluwer Cch, Springhouse and Waverly Pension Plan in IL ($79M, 342 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 First Federal Savings Bank Defined Benefit Plan in IN (47 participants, $2M 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 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.