401(k) · DOL Form 5500 · 2024

Ion Financial, Mhc 401(k) Plan

Data updated 2026-08-25

$51M
Total assets Below avg plan size
356
Participants Below avg headcount
84th
Percentile by assets National rank
$142,679
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

$51M in assets, 356 participants

Ion Financial, Mhc's Ion Financial, Mhc 401(k) Plan reported $51M in total assets and 356 participants in its 2024 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,474 in Finance & Insurance (8,549 peers)

Coverage in Connecticut

Ion Financial, Mhc 401(k) Plan covers 356 participants in Connecticut, about 50% of the average Connecticut filer (state average ~718 per filing). Assets: $51M.

#6,474
in Finance & Insurance (8,549 peers)
+11.5%
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 2024 · DOL Form 5500

$50,793,808 Top 16% higher than 84% of 123,620 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 2024

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

Plan-year 2024 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 (356 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Ion Financial, Mhc 401(k) Plan reported net income fell from $8M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Ion Financial, Mhc 401(k) Plan end-of-year assets rose from $46M in the plan year 2023 filing to $51M in the plan year 2024 filing.
  • Ion Financial, Mhc 401(k) Plan reported participants rose from 322 in the plan year 2023 filing to 356 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 571223365 · Ion Financial, Mhc PY 2024 · 401(k)

Ion Financial, Mhc 401(k) Plan · $51M · 356 · 84th

  • SCH $51M
  • EBSA 356
  • PART 84th
  • TYPE 401(k)
  • NET near Airswift Technical Services 401(k) Ps Plan & Trust
  • BOOK ind #6474

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

Airswift Technical Services 401(k) Ps Plan & TrustAirswift Technical Services …$51MDunnhumby Inc. 401(k) Plan$51MIon Financial, Mhc 401(k) PlanIon Financial, Mhc 401(k) Pl…$51MPace Resources, Inc. Retirement Savings PlanPace Resources, Inc. Retirem…$51MAnesthesia Associates of Gainesville, LLC 401(k)Anesthesia Associates of Gai…$51M
End-of-year total assets ($M) among Ion Financial, Mhc 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Connecticut filing particulars

Total Assets (Beginning of Year)$46M
Net Assets (End of Year)$51M
Net Income$5M
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 -20020406080 Total assets ($B) Participants Ion Financial, Mhc 401(k) Plan, Total assets ($B): 0.050793808 · Participants: 356Ion Financial, Mhc 401(k) PlanRtx Savings Plan, Total assets ($B): 58.647425 · Participants: 124876Rtx Savings PlanCiti Retirement Savings Plan, Total assets ($B): 23.241033081 · Participants: 78741Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 7.183243 · Participants: 18614The Hartford Investment and Savings PlanEversource 401(k) Plan, Total assets ($B): 4.046347175 · Participants: 10041Eversource 401(k) PlanXerox Corporation Savings Plan, Total assets ($B): 3.976943 · Participants: 9876Xerox 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 Airswift Technical Services 401(k) Ps Plan & Trust in TX ($51M); by covered participants it is Rubicon Global Holdings, LLC 401(k) Plan in GA (356 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (356 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Ion Financial, Mhc 401(k) Plan grew at a solid clip - up 11.5% during 2024, from $46M to $51M. Reported net income was $5M.
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 84th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Airswift Technical Services 401(k) Ps Plan & Trust in TX ($51M, 646 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 Rubicon Global Holdings, LLC 401(k) Plan in GA (356 participants, $13M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.