Plan Ledger DOL Form 5500 · updated monthly

Cion Investment Group LLC401(k)

CION 401(K) SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.72%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Cion Investment Group LLC reported $108,652 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,660 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.58% to 0.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 2,791st-largest of 5,648 plans among New York employers on file, and 3,340th of 4,798 in finance & insurance. In 2024, employees put in $3.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,617,615
Participants with balances136
Active participants79
Employer contributions$447,161
Employee contributions$1,340,843
Employer contribution per active participant$5,660
Average account balance$122,188
Benefits paid to participants$493,731
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 136 accts · $447K emplr
2023$13.4M · 137 accts
2022$11.0M · 133 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,985
Investment management$86,667
Total administrative$108,652
The Cion Investment Group LLC 401(k) match · 2024
Employer contribution per active participant$5,660
Median for plans this size$2,416

Cion Investment Group LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
NEWPORT GROUP, INC. · Recordkeeping · Loan processing$21,985
JP MORGAN · Investment advisory (plan)$55,500
CERITY PARTNERS · Investment advisory (plan)$31,167

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$108,652 · 0.72%
2023$67,434 · 0.55%
2022$69,220 · 0.58%
Similar plansFinance & Insurance · New York
Juno Investments LLC NY$17.3M · 0.64%
Lake Shore Savings Bank NY$16.8M · 0.47%
Adirondack Bank NY$16.0M · 1.05%
Suffolk Credit Union NY$16.0M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453275112 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.