Defined Benefit (Pension) · DOL Form 5500 · 2022

Northern Indiana Public Service Company Pension Plan

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
2,283
Participants Above avg headcount
99th
Percentile by assets National rank
$460,600
Avg per participant High balance/head
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Official DOL plan name: Nisource Pension Plan · Sponsored by Northern Indiana Public Service Company · Indiana · Utilities

$1.1B in assets, 2,283 participants

Northern Indiana Public Service Company's Nisource Pension Plan reported $1.1B in total assets and 2,283 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #665 in Utilities (738 peers)

Coverage in Indiana

Nisource Pension Plan covers 2,283 participants in Indiana, 4.2x the typical Indiana plan (state average ~541 per filing). Assets: $1.1B.

#665
in Utilities (738 peers)
-27.5%
assets change YoY
11×
vs typical plan assets (national mean)

The plan reported a net loss of $399M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Nisource Pension Plan's outsized position by total assets

Nisource Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,051,549,780 Top 1% higher than 99% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Nisource Pension Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Nisource Pension Plan lands in the large band (2,283 participants).

DOL schedule card

Filing strip 350552990 · Northern Indiana Public Service Company PY 2022 · Defined Benefit (Pension)

Nisource Pension Plan · $1.1B · 2,283 · 99th

  • VS-ST $1.1B
  • VS-ST 2,283
  • VS-ST 99th
  • VS-ST Defined Benefit (Pension)
  • VS-ST near Wa State Plumbing and Pipefitting Industry Pension Plan
  • VS-ST ind #665

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Utilities retirement plans → · Plans in Indiana →

Nisource Pension Plan in the asset neighbourhood

Cytec Retirement Plan$1.1BNisource Pension Plan$1.1BWa State Plumbing and Pipefitting Industry Pension PlanWa State Plumbing and Pipefi…$1.1BInternational Union of Operating Engineers Local 4 Pension FundInternational Union of Opera…$1.0BRetirement Plan for Draper EmployeesRetirement Plan for Draper E…$1.0B
End-of-year total assets ($B) among Nisource Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Indiana filing particulars

Total Assets (Beginning of Year)$1.5B
Net Assets (End of Year)$1.1B
Net Income-$399M
Employer EIN350552990
Plan Effective Date1945-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Northern Indiana Public Service Company)

Sponsor-wide plan assets over time

All Northern Indiana Public Service Company plans reported in each filing year

Latest sponsor-wide plan assets
$1.0B 4.570995488202185% vs 2022
2024 filing year
$0.98B$1B$1.02B$1.04B$1.06B$1.08B 202220232024 $1.05B $1B ▼ -4.8%
Year Plans Participants Total Assets
2022 1 2,283 $1.1B
2023 1 2,174 $1.1B
2024 1 2,133 $1.0B

Nearby Defined Benefit (Pension) Plans in Indiana

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Nisource Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants Scatter plot of 6 data points. 0100002000030000 051015 Total assets ($B) Participants Nisource Pension Plan, Total assets ($B): 1.05154978 · Participants: 2283Nisource Pension PlanThe Lilly Retirement Plan, Total assets ($B): 11.231261789 · Participants: 16878The Lilly Retirement PlanCummins Pension Plan, Total assets ($B): 3.227971207 · Participants: 24119Cummins Pension PlanIndiana Laborers Pension Fund, Total assets ($B): 1.488495807 · Participants: 9896Indiana Laborers Pension FundElevance Health Cash Balance Plan a, Total assets ($B): 1.222287988 · Participants: 8650Elevance Health Cash Balance Plan aArdagh North America Retirement Income Plan, Total assets ($B): 0.92443719 · Participants: 1298Ardagh North America Retirement Income Plan
Nisource Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants
Compare Nisource Pension Plan side-by-side with 3 peers →

Nisource Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Indiana, the nearest Defined Benefit (Pension) by assets is Wa State Plumbing and Pipefitting Industry Pension Plan in WA ($1.1B); by covered participants it is Electrical Workers Local No. 292 Pension Plan in MN (2,284 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (2,283 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Nisource Pension Plan assets move in 2022? ▼
Nisource Pension Plan declined sharply - down 27.5% during 2022, from $1.5B to $1.1B. Reported net income was -$399M.
How have Northern Indiana Public Service Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Northern Indiana Public Service Company's sponsor-wide assets declined 4.6%, from $1.1B to $1.0B.
Where does Nisource Pension Plan rank by assets among Form 5500 filers? ▼
Nisource Pension Plan ranks in the 99th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Nisource Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Wa State Plumbing and Pipefitting Industry Pension Plan in WA ($1.1B, 4,860 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Nisource Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Electrical Workers Local No. 292 Pension Plan in MN (2,284 participants, $386M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 350552990.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.