Defined Benefit (Pension) · DOL Form 5500 · 2024

Ion Bank Pension Plan

Data updated 2026-08-25

$58M
Total assets Below avg plan size
46
Participants Small participant base
86th
Percentile by assets National rank
$1.3M
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

$58M in assets, 46 participants

Ion Bank's Retirement Plan for Employees of Ion Bank reported $58M in total assets and 46 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #6,657 in Finance & Insurance (8,549 peers)

Where Retirement Plan for Employees of Ion Bank sits by assets

Retirement Plan for Employees of Ion Bank sits in the top quartile of all filed plans by assets, $58M for 46 participants (~$1.3M/participant), down 26.6% in 2024.

#6,657
in Finance & Insurance (8,549 peers)
-26.6%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $21M 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 2024 · DOL Form 5500

$58,201,363 Top 14% higher than 86% 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

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

Plan-year 2024 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 (46 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Retirement Plan for Employees of Ion Bank reported net income fell from $8M in the plan year 2023 filing to -$21M in the plan year 2024 filing.
  • Retirement Plan for Employees of Ion Bank end-of-year assets fell from $79M in the plan year 2023 filing to $58M in the plan year 2024 filing.
  • Retirement Plan for Employees of Ion Bank reported participants fell from 47 in the plan year 2023 filing to 46 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 060465530 · Ion Bank PY 2024 · Defined Benefit (Pension)

Retirement Plan for Employees of Ion Bank · $58M · 46 · 86th

  • VS-ST $58M
  • BOY 46
  • SCH 86th
  • EBSA Defined Benefit (Pension)
  • PART near Td Securities USA Pension Plan
  • TYPE ind #6657

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

The Spirax Sarco, Inc. Pension PlanThe Spirax Sarco, Inc. Pensi…$58MThe Institute of Electrical and Electronics Engineers, Incorporated Employees' Retirement PlanThe Institute of Electrical …$58MTd Securities USA Pension PlanTd Securities USA Pension Pl…$58MRetirement Plan for Employees of Ion BankRetirement Plan for Employee…$58MRetirement Plan for Employees of Carlisle LLCRetirement Plan for Employee…$58M
End-of-year total assets ($M) among Retirement Plan for Employees of Ion Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$79M
Net Assets (End of Year)$58M
Net Income-$21M
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. -10000010000200003000040000 -1001020304050 Total assets ($B) Participants Retirement Plan for Employees of Ion Bank, Total assets ($B): 0.058201363 · Participants: 46Retirement Plan for Employees of Ion BankRtx Consolidated Pension Plan, Total assets ($B): 41.643558189 · Participants: 36180Rtx Consolidated Pension PlanThe Citigroup Pension Plan, Total assets ($B): 9.993084827 · Participants: 15906The Citigroup Pension PlanEversource Pension Plan, Total assets ($B): 5.763055773 · Participants: 3428Eversource Pension PlanRetirement Plan for Employees of Aetna Inc., Total assets ($B): 5.242514983 · Participants: 9682Retirement Plan for Employees of Aetna Inc.The Hartford Retirement Plan for U.S. Employees, Total assets ($B): 3.395288837 · Participants: 7034The 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 Td Securities USA Pension Plan in NY ($58M); by covered participants it is The Toledo Newspaper Unions Blade Pension Plan in OH (46 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (46 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 Retirement Plan for Employees of Ion Bank assets move in 2024? ▼
Retirement Plan for Employees of Ion Bank declined sharply - down 26.6% during 2024, from $79M to $58M. Reported net income was -$21M.
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 86th 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 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 Td Securities USA Pension Plan in NY ($58M, 69 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 The Toledo Newspaper Unions Blade Pension Plan in OH (46 participants, $98M 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 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.