Company: INGVF
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0001193125-25-146837
Chunk: 10

Company: ING GROEP NV
Filing Date: 2025-06-25
Form: 11-K
Chunk 10
---
 the position is more likely than not, based on the technical merits, to not be sustained upon examination by the IRS. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

| 5. | Related Party and              
 Party-In-Interest Transactions |

The recordkeeping and custody functions for the underlying investments held by the Plan are performed by Fidelity Management Trust Company. Certain investments of the Plan are shares of mutual funds advised by affiliates of Fidelity Management Trust Company. Another investment in the Plan is an investment fund comprised primarily of shares of common stock (“Employer stock fund”) issued by ING Groep N.V. (“ING”). ING is the ultimate parent of the Company as defined by the Plan. The Plan held 409,479.941 and 493,373.111 shares valued at $6,418,512 and $7,410,464 as of December 31, 2024 and 2023, respectively. For the year ended December 31, 2024, dividends of $492,229 were received by the Plan from the Company and the Plan purchased 55,826.596 shares and sold 139,719.766 shares. Additionally, the Plan issues notes to participants, which are secured by the balance in the participants’ accounts. All of these transactions qualify as party-in-interesttransactions.

| 6. | Plan Termination |

While the Company has not expressed any intention to do so, the Plan may be terminated or partially terminated, or contributions under the Plan may be partially or completely terminated at any time by the Board of Directors of the Company. In the event of such termination of the Plan, affected participants would become 100% vested and the assets remaining shall be distributed to participants, former participants and beneficiaries in proportion to their respective account balance at the date of termination, subject to the provisions of ERISA.

| 7. | Subsequent Events |

The Plan has evaluated, for consideration of recognition or disclosure, subsequent events that have occurred through the date of issuance, and has determined that no significant events occurred after December 31, 2024, but prior to the issuance of these financial statements, that would have a material impact on its financial statements. -10-

ING FINANCIAL SERVICES LLC 401(k) SAVINGS PLAN EIN 

# 13-3713590,Plan # 002 Schedule H, Part IV, Line 4i - Schedule of Assets (Held at end of Year