Ives Bank 401(k) match, vesting and fees
What Ives Bank's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | 2023 Schedule C ↗ |
| Independent auditor | Caron & Bletzer PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Ives Bank: employer contribution per participant | $2,567 | |
| Peer median | $2,868 |
| Ives Bank: average balance | $124,047 | |
| Peer median | $95,281 |
| Ives Bank: admin expenses ÷ assets | 0.07% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $32.4M at the end of plan year 2021 to $25.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 253 | $25.8M | $534K | $2,567 | 0.07% | Not published | Form 5500 ↗ |
| 2023 | 258 | $24M | $487K | $2,332 | 0.02% | Not published | Form 5500 ↗ |
| 2022 | 250 | $23.9M | $445K | $2,203 | 0.01% | Not published | Form 5500 ↗ |
| 2021 | 239 | $32.4M | $489K | $2,458 | 0.01% | Not published | Form 5500 ↗ |
Other Ives Bank plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Savings Bank of Danbury Trusteed Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Caron and Bletzer (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Ives Bank match 401(k) contributions?
The match terms for the Ives Bank Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $534K in employer contributions, about $2,567 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Ives Bank 401(k) match vested?
The vesting schedule for the Ives Bank Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Ives Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Empower Annuity Insurance Company O. The plan administrator is Ives Bank.
I left Ives Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ives Bank, (203) 743-3849) or the recordkeeper, Empower Annuity Insurance Company O. The Ives Bank old 401(k) page lists the contacts from every plan filing. Find an old Ives Bank 401(k)
Data from the public Form 5500 annual reports Ives Bank filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Ives Bank. Not financial advice. Report a correction · Methodology