401(k) · DOL Form 5500 · 2023

Indianapolis Power & Light Company 401(k) Plan

Data updated 2026-08-25

$198M
Total assets Near avg plan size
905
Participants Near avg headcount
95th
Percentile by assets National rank
$218,616
Avg per participant Above avg balance/head
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Official DOL plan name: Employees' Thrift Plan of Indianapolis Power & Light Company · Sponsored by Indianapolis Power & Light Company · Ohio · Utilities

$198M in assets, 905 participants

Indianapolis Power & Light Company's Employees' Thrift Plan of Indianapolis Power & Light Company reported $198M in total assets and 905 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #516 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Employees' Thrift Plan of Indianapolis Power & Light Company ranks #516 of 721 2023 filers by assets (271% of the sector average)-$198M for 905 participants.

#516
in Utilities (721 peers)
+9.1%
assets growth YoY
2.0×
vs typical plan assets (national mean)

Employees' Thrift Plan of Indianapolis Power & Light Company's outsized position by total assets

Employees' Thrift Plan of Indianapolis Power & Light Company vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$197,847,563 Top 5% higher than 95% of 127,068 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 2023

Employees' Thrift Plan of Indianapolis Power & Light Company among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Employees' Thrift Plan of Indianapolis Power & Light Company sits mid-pack in the medium band (905 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Employees' Thrift Plan of Indianapolis Power & Light Company reported net income rose from -$38M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Employees' Thrift Plan of Indianapolis Power & Light Company end-of-year assets rose from $181M in the plan year 2022 filing to $198M in the plan year 2023 filing.
  • Employees' Thrift Plan of Indianapolis Power & Light Company reported participants fell from 934 in the plan year 2022 filing to 905 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 350413620 · Indianapolis Power & Light Company PY 2023 · 401(k)

Employees' Thrift Plan of Indianapolis Power & Light Company · $198M · 905 · 95th

  • EIN $198M
  • EIN 905
  • EIN 95th
  • EIN 401(k)
  • EIN near Helpside Inc. 401(k) Plan
  • EIN ind #516

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 Ohio →

Employees' Thrift Plan of Indianapolis Power & Light Company in the asset neighbourhood

Sandy Spring Bank 401(k) Plan$198MHelpside Inc. 401(k) Plan$198MEmployees' Thrift Plan of Indianapolis Power & Light CompanyEmployees' Thrift Plan of In…$198MNavistar, Inc. 401(k) Plan for Represented EmployeesNavistar, Inc. 401(k) Plan f…$198MCentrus Savings Program$198M
End-of-year total assets ($M) among Employees' Thrift Plan of Indianapolis Power & Light Company and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$181M
Net Assets (End of Year)$198M
Net Income$13M
Employer EIN350413620
Plan Effective Date1960-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Indianapolis Power & Light Company)

Sponsor-wide plan assets over time

All Indianapolis Power & Light Company plans reported in each filing year

Latest sponsor-wide plan assets
$760M 4.162778564345253% vs 2022
2024 filing year
$750M$760M$770M$780M$790M$800M 202220232024 $793M $760M ▼ -4.2%
Year Plans Participants Total Assets
2022 3 1,716 $793M
2023 3 1,642 $790M
2024 2 1,594 $760M

Nearby 401(k) Plans in Ohio

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Employees' Thrift Plan of Indianapolis Power & Light Company vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Employees' Thrift Plan of Indianapolis Power & Light Company, Total assets ($B): 0.197847563 · Participants: 905Employees' Thrift Plan of Indianapolis Power & Light CompanyGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Employees' Thrift Plan of Indianapolis Power & Light Company vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Employees' Thrift Plan of Indianapolis Power & Light Company side-by-side with 3 peers →

Employees' Thrift Plan of Indianapolis Power & Light Company's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Helpside Inc. 401(k) Plan in UT ($198M); by covered participants it is Clark Hill PLC Salary Deferral Plan in MI (905 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($198M here).

Similar participant headcount

Nearest other-state filings by covered participants (905 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Employees' Thrift Plan of Indianapolis Power & Light Company assets move in 2023? ▼
Employees' Thrift Plan of Indianapolis Power & Light Company grew at a solid clip - up 9.1% during 2023, from $181M to $198M. Reported net income was $13M.
How have Indianapolis Power & Light Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Indianapolis Power & Light Company's sponsor-wide assets declined 4.2%, from $793M to $760M.
Where does Employees' Thrift Plan of Indianapolis Power & Light Company rank by assets among Form 5500 filers? ▼
Employees' Thrift Plan of Indianapolis Power & Light Company ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Employees' Thrift Plan of Indianapolis Power & Light Company? ▼
Among 401(k) plans in other states, the closest by assets is Helpside Inc. 401(k) Plan in UT ($198M, 9,844 participants).
Which 401(k) plans cover a similar participant headcount to Employees' Thrift Plan of Indianapolis Power & Light Company? ▼
Among 401(k) plans in other states, the closest by covered participants is Clark Hill PLC Salary Deferral Plan in MI (905 participants, $290M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 350413620.

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.