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: 502
- Total Participants: 15,924
- Total Assets: $7.8M
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 | 15,924 | $7.8M | $9.4M | $950,362 |
| 2023 | 17,155 | $5.8M | $9.5M | $968,939 |
| 2022 | 16,779 | $4.4M | $9.1M | $796,956 |
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 |
|---|---|---|---|---|
| PRUDENTIAL INSURANCE CO OF AMERICA | Recordkeeper | $766,350 | — | $766,350 |
| BUSINESSSOLVER | Other Service Provider | $230,245 | — | $230,245 |
| BDO USA, P.C. | Auditor | $75,758 | — | $75,758 |
| ALLSUP INC. | Other Service Provider | — | $71,824 | $71,824 |
| KAISER CONSULTING | Other Service Provider | $18,646 | — | $18,646 |
| VENGROFF WILLIAMS, INC. | Other Service Provider | — | $8,171 | $8,171 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRUDENTIAL INSURANCE CO OF AMERICA — Recordkeeper
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,170,994
- Estimated Expense Ratio: 15.081% 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 | $1,093,322 | $2,323 | $766,350 | $94,404 | — |
| 2023 | $1,090,502 | — | $768,047 | $85,095 | — |
| 2022 | $961,395 | — | $924,443 | — | $36,952 |