Plan Snapshot
- Plan Sponsor: American Electric Power Service Corporation
- Sponsor EIN: 134922641
- Sponsor Address: 1 RIVERSIDE PLZ, COLUMBUS, OH, 432152355
- Plan Type: Health & Welfare
- Plan Number: 504
- Total Participants: 15,981
- Total Assets: $69.1M
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 | 15,981 | $69.1M | $6.5M | $14.0M |
| 2023 | 16,930 | $74.9M | $6.9M | $14.7M |
| 2022 | 16,914 | $76.7M | $6.7M | $14.9M |
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 |
|---|---|---|---|---|
| BUSINESSSOLVER | Other Service Provider | $340,289 | — | $340,289 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $45,173 | — | $45,173 |
| PARMS + COMAPNY | Other Service Provider | $23,500 | — | $23,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $408,962
- Estimated Expense Ratio: 0.592% 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 | $435,515 | $45,173 | — | $23,500 | — |
| 2023 | $387,917 | $46,251 | — | $21,200 | — |
| 2022 | $481,576 | $87,718 | — | — | $373,013 |