Company: INGVF
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0001193125-25-146837
Chunk: 9

Company: ING GROEP NV
Filing Date: 2025-06-25
Form: 11-K
Chunk 9
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 that are measured at fair value using the NAV per share (or its equivalent) practical                                                                                                                                                
 expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value to the amounts presented in the statements of net assets available for benefits. |

Fair value of investments, other than Level 1, in certain entities that calculate net asset value per share (or its equivalent) follows:

| Fair Value of common collective trusts at: |     |   |             |     | Unfunded    
 Commitments |     |     | Redemption 
 Frequency  |           |     | Redemption    
 Notice Period |         |
|:-------------------------------------------|:----|:--|------------:|:----|:------------|:----|:----|:-----------|:----------|:----|:--------------|:--------|
| December 31, 2024                          |     | $ | 109,667,124 |     |             | N/A |     |            | Immediate |     |               | 90 days |
| December 31, 2023                          |     | $ |  44,278,223 |     |             | N/A |     |            | Immediate |     |               | 90 days |

The collective trust funds participates in a stable value fund that invests primarily in Guaranteed Investment Contracts (“GIC”) issued by insurance companies; Bank Investment Contracts (“BIC”) issued by banks; structured or Synthetic Investment Contracts (“SIC”) issued by banks, insurance companies, and other issuers, as well as the securities supporting such SICs (underlying assets); Separate Account Contracts (“SAC”); and other similar instruments that are intended to maintain a constant net asset value while permitting participant initiated, benefit-responsive withdrawals for certain events (collectively, investment contracts). -9-

| 4. | Tax Status |

The IRS has determined and informed the Company by a letter dated October 11, 2017, that the Plan and the related trust are designed in accordance with applicable sections of the Internal Revenue Code (“IRC”). Although the Plan has been amended since receiving the determination letter, the Plan administrator believes that the Plan is designed, and is currently being operated, in compliance with the applicable requirements of the IRC and, therefore, believes that the Plan is qualified, and the related trust is tax-exempt. GAAP requires plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of such tax positions are recognized when