Plan Snapshot
- Plan Sponsor: American Electric Power Service Corporation
- Sponsor EIN: 134922641
- Sponsor Address: 1 RIVERSIDE PLAZA, COLUMBUS, OH, 43215
- Plan Type: 401(k)
- Total Participants: 16,345
- Total Assets: $5.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 16,345 | $5.2B | $81.3M | $186.3M |
| 2023 | 17,531 | $5.2B | $86.8M | $198.4M |
| 2022 | 17,291 | $4.7B | $81.1M | $187.2M |
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 |
|---|---|---|---|---|
| MELLON CAPITAL | NONE | $1,370,663 | — | $1,370,663 |
| J.P. MORGAN INVESTMENT MANAGEMENT | NONE | $1,263,161 | — | $1,263,161 |
| JENNISON ASSOCIATES, LLC | NONE | $662,133 | — | $662,133 |
| WEDGE CAPITAL MANAGEMENT | NONE | $626,763 | $27,809 | $654,572 |
| JACKSON SQUARE | NONE | $445,120 | — | $445,120 |
| ARROWMARK PARTNERS | NONE | $444,342 | — | $444,342 |
| BANK OF NEW YORK MELLON | NONE | $437,500 | — | $437,500 |
| BOSTON PARTNERS | NONE | $408,230 | $22,491 | $430,721 |
| GALLIARD CAPITAL MANAGEMENT, INC | NONE | $384,530 | — | $384,530 |
| SOUND SHORE MANAGEMENT, INC. | NONE | $354,697 | — | $354,697 |
| EMPOWER RETIREMENT | NONE | $266,333 | — | $266,333 |
| AON INVESTMENTS USA INC. | NONE | $139,050 | — | $139,050 |
| BDO USA, P.C. | NONE | $104,424 | — | $104,424 |
| TELUS HEALTH (US) LTD. | NONE | $10,890 | — | $10,890 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- J.P. MORGAN INVESTMENT MANAGEMENT — NONE
- JENNISON ASSOCIATES, LLC — NONE
- JACKSON SQUARE — NONE
- BDO USA, P.C. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,968,136
- Estimated Expense Ratio: 0.134% 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 | $6,963,194 | $6,251,528 | $12,540 | $104,424 | — |
| 2023 | $6,757,797 | $5,912,098 | $17,820 | $107,910 | — |
| 2022 | $6,906,642 | $5,960,347 | — | — | $596,295 |