ION BANK has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2018: ION FINANCIAL, MHC 401K PLAN 2018 401k membership |
|---|
| Total participants, beginning-of-year | 2018-01-01 | 388 |
| Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 302 |
| Number of retired or separated participants receiving benefits | 2018-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2018-01-01 | 108 |
| Total of all active and inactive participants | 2018-01-01 | 410 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 1 |
| Total participants | 2018-01-01 | 411 |
| Number of participants with account balances | 2018-01-01 | 404 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 0 |
| 2017: ION FINANCIAL, MHC 401K PLAN 2017 401k membership |
|---|
| Total participants, beginning-of-year | 2017-01-01 | 392 |
| Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 293 |
| Number of retired or separated participants receiving benefits | 2017-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2017-01-01 | 95 |
| Total of all active and inactive participants | 2017-01-01 | 388 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 0 |
| Total participants | 2017-01-01 | 388 |
| Number of participants with account balances | 2017-01-01 | 362 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 0 |
| 2009: ION FINANCIAL, MHC 401K PLAN 2009 401k membership |
|---|
| Total participants, beginning-of-year | 2009-01-01 | 160 |
| Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 257 |
| Number of retired or separated participants receiving benefits | 2009-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 44 |
| Total of all active and inactive participants | 2009-01-01 | 301 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 0 |
| Total participants | 2009-01-01 | 301 |
| Number of participants with account balances | 2009-01-01 | 255 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2018 : ION FINANCIAL, MHC 401K PLAN 2018 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
| Total income from all sources (including contributions) | 2018-12-31 | $1,956,822 |
| Total loss/gain on sale of assets | 2018-12-31 | $0 |
| Total of all expenses incurred | 2018-12-31 | $1,482,607 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $1,440,726 |
| Value of total corrective distributions | 2018-12-31 | $732 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $3,074,909 |
| Value of total assets at end of year | 2018-12-31 | $24,314,868 |
| Value of total assets at beginning of year | 2018-12-31 | $23,840,653 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $41,149 |
| Total interest from all sources | 2018-12-31 | $102,421 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $1,317,315 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $1,317,315 |
| Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
| Value of fidelity bond cover | 2018-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
| Contributions received from participants | 2018-12-31 | $1,432,780 |
| Participant contributions at end of year | 2018-12-31 | $547,665 |
| Participant contributions at beginning of year | 2018-12-31 | $593,281 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $517,087 |
| Other income not declared elsewhere | 2018-12-31 | $345 |
| Administrative expenses (other) incurred | 2018-12-31 | $41,149 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Value of net income/loss | 2018-12-31 | $474,215 |
| Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $24,314,868 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $23,840,653 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $19,728,749 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $19,704,813 |
| Interest on participant loans | 2018-12-31 | $25,420 |
| Interest earned on other investments | 2018-12-31 | $77,001 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-12-31 | $4,038,454 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-12-31 | $3,542,559 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-2,538,168 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
| Contributions received in cash from employer | 2018-12-31 | $1,125,042 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $1,440,726 |
| Did the plan have assets held for investment | 2018-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
| Accountancy firm name | 2018-12-31 | WHITTLESEY PC |
| Accountancy firm EIN | 2018-12-31 | 060903326 |
| 2017 : ION FINANCIAL, MHC 401K PLAN 2017 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
| Total income from all sources (including contributions) | 2017-12-31 | $5,598,119 |
| Total loss/gain on sale of assets | 2017-12-31 | $0 |
| Total of all expenses incurred | 2017-12-31 | $1,245,814 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $1,241,648 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $2,278,096 |
| Value of total assets at end of year | 2017-12-31 | $23,840,653 |
| Value of total assets at beginning of year | 2017-12-31 | $19,488,348 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $4,166 |
| Total interest from all sources | 2017-12-31 | $115,957 |
| Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
| Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
| Value of fidelity bond cover | 2017-12-31 | $7,000,000 |
| If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
| Contributions received from participants | 2017-12-31 | $1,139,477 |
| Participant contributions at end of year | 2017-12-31 | $593,281 |
| Participant contributions at beginning of year | 2017-12-31 | $536,198 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $44,939 |
| Administrative expenses (other) incurred | 2017-12-31 | $4,166 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Value of net income/loss | 2017-12-31 | $4,352,305 |
| Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $23,840,653 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $19,488,348 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $19,704,813 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $14,965,318 |
| Interest on participant loans | 2017-12-31 | $20,360 |
| Interest earned on other investments | 2017-12-31 | $95,597 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2017-12-31 | $3,542,559 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2017-12-31 | $3,986,832 |
| Net investment gain/loss from pooled separate accounts | 2017-12-31 | $3,204,066 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
| Contributions received in cash from employer | 2017-12-31 | $1,093,680 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $1,241,648 |
| Did the plan have assets held for investment | 2017-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
| Accountancy firm name | 2017-12-31 | WHITTLESEY PC |
| Accountancy firm EIN | 2017-12-31 | 060903326 |
