Department of Labor filing

IXONIA BANK

IXONIA BANK 401(K) SAVINGS PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Aug 26, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

22filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$1,620

Reported employer contributions per active participant.

Higher than about 17% of comparable plans

#People in the filing

587

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$146 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 33% of comparable plans

↗Investment performance

Not available

Plan assets changed 29.7%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202422out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions17th percentileTypical peer $3,392 · based on 369 comparable plans

Lower reported administrative expense33rd percentileTypical peer $115 · based on 372 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, IXONIA BANK reported $950,939 in employer contributions across the plan and 587 active participants. That works out to $1,620 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy86%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 20.4%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 6.0%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context22/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $950,939
Participant contributions: $2,648,021
Other contributions: $955,681
Employer share of reported contributions: 26.4%
Beginning assets: $11,386,191
Ending assets: $14,765,805
Ending net assets: $14,765,805
Ending liabilities: $0
Total income: $6,080,925
Total expenses: $2,701,311
Administrative expenses: $79,812
Participant loans: $296,636

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$2,035

2023

$1,806

2024

$1,620

Plan-paid administrative expenses per participant

2022

$156

2023

$177

2024

$146

Active participants

2022

263

2023

427

2024

587

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,620	587	14.8M	20250826094305NAL0004352899001
2023	$1,806	427	11.4M	20240927150109NAL0004070368001
2022	$2,035	263	9.1M	20230928145206NAL0012352049001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 2.0%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 390369710-002

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jun 1, 1985
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2S2T3D

Current plan terms

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Filing ACK_ID20250826094305NAL0004352899001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗