Plan Ledger DOL Form 5500 · updated monthly

Ion Geophysical Corporation401(k)

ION GEOPHYSICAL CORP. 401(K) PLAN · WILMINGTON, DE · plan year 2022

Reported admin expense ratio · 2022
0.11%

Ion Geophysical Corporation reported $85,079 in plan administrative expenses for 2022: 0.11% of average plan assets, below the peer median. 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 1 year on file its reported administrative ratio rose from 0.11% to 0.44%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other professional & technical services employers. By assets it is the 114th-largest of 242 plans among Delaware employers on file, and 6,451st of 11,654 in professional & technical services. In 2022, employees put in $17.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,522,073
Participants with balances127
Active participants—
Employer contributions$76,367
Employee contributions$1,351,832
Employer contribution per active participant—
Average account balance$122,221
Benefits paid to participants$94,517,325
Plan auditUnmodified (clean) audit opinion
AuditorBEDERSON LLP
Plan history2
Yearassets · accounts · employer contribution
2023$5K · 2 accts
2022$15.5M · 127 accts · $76K emplr
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$34,295 · 0.44%
2022$85,079 · 0.11%
Similar plansProfessional & Technical Services · Delaware
Agilebits USA, Inc. DE$30.9M · 0.03%
Nexius Solutions, Inc. DE$18.9M · 0.28%
Prelude Therapeutics, Inc DE$17.4M · 0.24%
Toptal DE$16.1M · 0.49%
Babylon Inc. DE$13.7M · 0.48%
Bitwise Industries, Inc. DE$13.3M · 1.07%
Mbms, LLC DE$12.8M · 0.48%
Truveris Inc DE$11.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222286646 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.