Plan Ledger DOL Form 5500 · updated monthly

Indianapolis Power & Light Company401(k) + ESOP (KSOP)

EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY · DAYTON, OH · plan year 2025

Reported admin expense ratio · 2025
0.06%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Indianapolis Power & Light Company reported $119,390 in plan administrative expenses for 2025: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,130 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 fell from 0.060% to 0.055%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other utilities employers. By assets it is the 195th-largest of 3,295 plans among Ohio employers on file, and the 93rd of 412 in utilities. In 2025, employees put in $1.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$227,378,480
Participants with balances1,043
Active participants875
Employer contributions$4,488,761
Employee contributions$8,710,243
Employer contribution per active participant$5,130
Average account balance$218,004
Benefits paid to participants$20,474,836
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$227.4M · 1,043 accts · $4.5M emplr
2024$204.1M · 1,059 accts · $4.0M emplr
2023$197.8M · 1,056 accts · $3.7M emplr
2022$181.4M · 1,050 accts · $3.9M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$77,263
Investment management$11,250
Total administrative$119,390
The Indianapolis Power & Light Company 401(k) match · 2025
Employer contribution per active participant$5,130
Median for plans this size$4,093
2025$5,130 per active participant
2024$4,414 per active participant
2023$4,162 per active participant
2022$4,270 per active participant

Indianapolis Power & Light Company's 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
T ROWE PRICE RPS INC · Recordkeeping · Trustee$77,263
MERCER · Consulting$27,714
CAPITAL CITIES, LLC · Consulting · Investment advisory (plan)$11,250
CHARLES SCHWAB & CO., INC. · Securities brokerage$551

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025T. Rowe Price
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$119,390 · 0.06%
2024$123,646 · 0.06%
2023$123,044 · 0.06%
2022$120,181 · 0.06%
Similar plansUtilities · Ohio
Firstenergy Corp. OH$3.9B · 0.09%
Energy Harbor Corp. OH$681.4M · 0.08%
Interstate Gas Supply, LLC OH$128.8M · 0.09%
Cardinal Operating Company OH$56.7M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350413620 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.