American Electric Power Service Corporation401(k) + ESOP (KSOP)
AEP RETIREMENT SAVINGS 401(K) PLAN · COLUMBUS, OH · plan year 2024
Reported admin expense ratio · 2024
0.13%
Peer grade: C· admin costs + employer contributions vs same-size plans · how grading works
American Electric Power Service Corporation reported $6,963,194 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,973 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 3 years on file its reported administrative ratio has held roughly steady near 0.134%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other utilities employers. By assets it is the 12th-largest of 3,295 plans among Ohio employers on file, and the 10th of 412 in utilities. In 2024, employees put in $2.29 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$5,219,068,013
Participants with balances21,069
Active participants16,345
Employer contributions$81,284,557
Employee contributions$186,285,552
Employer contribution per active participant$4,973
The American Electric Power Service Corporation 401(k) match · 2024
Employer contribution per active participant$4,973
Median for plans this size$5,259
2024$4,973 per active participant
2023$4,954 per active participant
2022$4,690 per active participant
American Electric Power Service Corporation's 2024 employer contribution ran below the $5,259 median for plans its size. 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.
BANK OF NEW YORK MELLON · Custodial · Custodial (securities)$437,500
BOSTON PARTNERS · Investment management$408,230
GALLIARD CAPITAL MANAGEMENT, INC · Investment management$384,530
SOUND SHORE MANAGEMENT, INC. · Investment management$354,697
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Recordkeeper by year2
2024Empower, TELUS HEALTH (US) LTD.
2023GREAT-WEST LIFE & ANNUITY INSURANCE
This plan has changed recordkeepers within these filings. If you left American Electric Power Service Corporation before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Source: U.S. Department of Labor, Form 5500 series, EIN 134922641 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.