Plan Snapshot
- Plan Sponsor: American Electric Power Service Corporation
- Sponsor EIN: 134922641
- Sponsor Address: 1 RIVERSIDE PLAZA, COLUMBUS, OH, 43215
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 14,973
- Total Assets: $1.4B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 14,973 | $1.4B | $254.3M | $102.7M |
| 2023 | 17,206 | $1.3B | $232.1M | $102.2M |
| 2022 | 17,158 | $1.2B | $219.6M | $102.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| QUANTUM | Other Service Provider | $4,729,108 | — | $4,729,108 |
| ANTHEM BLUE CROSS & BLUE SHIELD | Other Service Provider | $4,511,110 | — | $4,511,110 |
| AMERIBEN / IEC GROUP | Other Service Provider | $3,920,475 | — | $3,920,475 |
| OPTUMRX, INC. | Other Service Provider | $3,033,102 | $179,685 | $3,212,787 |
| BUSINESSSOLVER | Other Service Provider | $1,424,007 | — | $1,424,007 |
| SHARECARE INC /HEALTHWAYS | Other Service Provider | $617,221 | — | $617,221 |
| NISA INVESTMENT SERVICES | Other Service Provider | $494,414 | — | $494,414 |
| BANK OF NEW YORK MELLON | Other Service Provider | $449,393 | — | $449,393 |
| AETNA LIFE INSURANCE CO. | Other Service Provider | $422,414 | — | $422,414 |
| POLARIS CAPITAL MANAGEMENT | Other Service Provider | $358,816 | — | $358,816 |
| VONTOBEL ASSET MANAGEMENT, INC. | Other Service Provider | $349,957 | — | $349,957 |
| PSG CONSULTING LLC | Other Service Provider | $344,000 | — | $344,000 |
| RIVER GLOBAL INVESTORS LLP | Other Service Provider | $339,319 | — | $339,319 |
| SANDS CAPITAL MANAGEMENT, LLC | Other Service Provider | $328,169 | — | $328,169 |
| BDO USA, P.C. | Auditor | $245,878 | — | $245,878 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $211,690 | — | $211,690 |
| AON INVESTMENTS USA INC. | Other Service Provider | $188,497 | — | $188,497 |
| JP MORGAN INVESTMENT MANAGEMENT | Recordkeeper | $180,475 | — | $180,475 |
| WELLINGTON MANAGEMENT COMPANY, LLP | Other Service Provider | $106,697 | — | $106,697 |
| KAISER CONSULTING, LLC | Other Service Provider | $50,051 | — | $50,051 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- JP MORGAN INVESTMENT MANAGEMENT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,484,478
- Estimated Expense Ratio: 1.586% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $34,344,398 | $2,795,737 | $19,001,437 | $245,878 | — |
| 2023 | $30,296,507 | $1,977,063 | $17,822,652 | $171,023 | — |
| 2022 | $23,569,292 | $2,655,324 | $11,150,312 | — | $405,215 |