Plan Snapshot
- Plan Sponsor: Indianapolis Power & Light Company
- Sponsor EIN: 350413620
- Sponsor Address: 1 MONUMENT CIRCLE, INDIANAPOLIS, IN, 46204
- Plan Type: DB
- Total Participants: 690
- Total Assets: $555.6M
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 | 690 | $555.6M | $0 | $0 |
| 2023 | 707 | $588.6M | $0 | $0 |
| 2022 | 737 | $608.0M | $0 | $0 |
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 |
|---|---|---|---|---|
| MERCER INVESTMENTS LLC | INV CONSULTANT | $1,003,899 | $155,303 | $1,159,202 |
| MERCER, INC. | PLAN ACTUARY | $154,850 | — | $154,850 |
| THE NORTHERN TRUST COMPANY | TRUSTEE | $67,020 | — | $67,020 |
| STATE STREET GLOBAL ADVISORS TRUST | INV CONSULTANT | $27,355 | $165 | $27,520 |
| ERNST & YOUNG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,408,592
- Estimated Expense Ratio: 0.254% 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 | $1,463,663 | $1,031,255 | $67,020 | — | — |
| 2023 | $1,538,082 | $1,097,800 | $43,652 | — | — |
| 2022 | $1,215,526 | $1,238,987 | $53,400 | — | $78,682 |