Plan Snapshot
- Plan Sponsor: Ipalco Enterprises, INC. Veba Committee
- Sponsor EIN: 352156976
- Sponsor Address: 107 N. PENNSYLVANIA STREET, INDIANAPOLIS, IN, 46204
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 0
- Total Assets: $54.0M
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 | 0 | $54.0M | $0 | $504,776 |
| 2023 | 0 | $51.3M | $0 | $538,616 |
| 2022 | 0 | $48.1M | $0 | $1.3M |
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 |
|---|---|---|---|---|
| NEWPORT TRUST COMPANY | Other Service Provider | $85,905 | — | $85,905 |
| ICE MILLER | Other Service Provider | $76,930 | — | $76,930 |
| NATIONAL BANK OF INDIANAPOLIS | Other Service Provider | $74,849 | — | $74,849 |
| UNITED HEALTHCARE | Other Service Provider | $39,559 | $1,385 | $40,944 |
| VAN EPPS & ASSOCIATES, LLC | Other Service Provider | $20,786 | — | $20,786 |
| HORIZON CPA SERVICES, INC. | Other Service Provider | $19,690 | — | $19,690 |
| MILLIMAN USA | Recordkeeper | $18,815 | — | $18,815 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN USA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $337,919
- Estimated Expense Ratio: 0.625% 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 | $588,832 | $106,692 | $42,091 | $19,690 | — |
| 2023 | $672,010 | $98,979 | $122,435 | $17,850 | — |
| 2022 | $840,425 | — | $304,865 | — | $149,667 |