Company: INGVF
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0001193125-25-146837
Chunk: 7

Company: ING GROEP NV
Filing Date: 2025-06-25
Form: 11-K
Chunk 7
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 overall market volatility. Market risks include global events which could impact the value of investment securities, such as a pandemic or international conflict. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and those changes could materially affect participants’ account balances and the amounts reported in these financial statements. -7-

The Plan’s exposure to a concentration of credit risk is limited by the diversification of investments across participant-directed fund elections. Additionally, the investments within each participant-directed fund election are further diversified into varied financial instruments, with the exception of the Employer stock fund, which principally invests in a single security. At December 31, 2024, approximately 27 percent and 16 percent of the Plan’s investments were invested in the Fidelity 500 Index fund and Harbor Capital Appreciation CIT 2 fund, respectively. Investment Valuation and Income (Loss) Recognition The Plan’s investments are stated at fair value. Fair value of financial instruments is what would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 3 for discussion of fair value measurements. Purchases and sales of securities are recorded on a trade date basis. Interest income is recorded on an accrual basis. Dividends are recorded on the ex-dividenddate. Net appreciation (depreciation) includes the Plan’s gains and losses on investments bought and sold as well as held during the year. Contributions Contributions from participants and the matching contributions from the Employer are recorded in the year in which the employee contributions are withheld from compensation. Notes Receivable from Participants Notes receivable from participants are stated at their unpaid principal balance, plus accrued but unpaid interest. Loans outstanding are reflected as a receivable of the Plan. Interest income is recorded on an accrual basis. No allowance for credit losses has been recorded as of December 31, 2024 or 2023. If a participant ceases to make loan repayments and the plan administrator deems the participant loan to be in default, the participant loan balance is reduced, and a benefit payment is recorded. Payment of Benefits Benefit are recorded when paid. Administrative Expenses Plan provisions allow for administrative expenses, including, but not limited to, audit fees, custodial and trustee fees, investment manager fees, and recordkeeping fees to be paid by the Plan and allocated to participant accounts. Any expenses not borne by the Plan are paid by the Company.

| 3. | Fair