Defined Benefit (Pension) · DOL Form 5500 · 2023
Indianapolis Power & Light Company Pension Plan
Data updated 2026-08-11
- $589M
- Total assets
- 737
- Participants
- 98th
- Percentile by assets
- $798,661
- Avg per participant
Official DOL plan name: Employees' Retirement Plan of Indianapolis Power & Light Company · Sponsored by Indianapolis Power & Light Company · Indiana · Utilities
$589M in assets, 737 participants
Indianapolis Power & Light Company's Employees' Retirement Plan of Indianapolis Power & Light Company reported $589M in total assets and 737 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 127,072 plans)
- #607 in Utilities (721 peers)
Where Employees' Retirement Plan of Indianapolis Power & Light Company sits by assets
Employees' Retirement Plan of Indianapolis Power & Light Company sits in the top 5% of all filed plans by assets, $589M for 737 participants (~$798,661/participant), down 3.2% in 2023.
- $589M
- total plan assets (2023 EOY)
- 737
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $798,661
- avg assets per participant
The plan reported a net loss of $19M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Employees' Retirement Plan of Indianapolis Power & Light Company reported net income rose from -$209M in the plan year 2022 filing to -$19M in the plan year 2023 filing.
- Employees' Retirement Plan of Indianapolis Power & Light Company reported participants fell from 782 in the plan year 2022 filing to 737 in the plan year 2023 filing.
- Employees' Retirement Plan of Indianapolis Power & Light Company end-of-year assets fell from $608M in the plan year 2022 filing to $589M in the plan year 2023 filing.
Employees' Retirement Plan of Indianapolis Power & Light Company vs the 2023 asset distribution
By assets, Employees' Retirement Plan of Indianapolis Power & Light Company outranks 98% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 5.9x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $608M |
|---|---|
| Net Assets (End of Year) | $588M |
| Net Income | -$19M |
| Employer EIN | 350413620 |
| Plan Effective Date | 1960-11-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Indianapolis Power & Light Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 1,716 | $793M |
| 2023 | 3 | 1,642 | $790M |
| 2024 | 2 | 1,594 | $760M |
Nearby Defined Benefit (Pension) Plans in Indiana
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Employees' Retirement Plan of Indianapolis Power & Light Company vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants
- The Lilly Retirement Plan $11.7B · 19,111
- Cummins Pension Plan $3.3B · 26,560
- Indiana Laborers Pension Fund $1.7B · 10,800
- Elevance Health Cash Balance Plan a $1.3B · 8,197
- Nisource Pension Plan $1.1B · 2,174
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Employees' Retirement Plan of Indianapolis Power & Light Company by total assets, not by location.
- Local 338 Retirement Fund (NY) $588M · 2,454
- Rhode Island Energy Retirement Plan (PA) $587M · 546
- Pfizer Consolidated Pension Plan for Employees Resident in Puerto Rico (PA) $587M · 714
- Arconic Corp. Pension Plan a (PA) $587M · 478
Frequently Asked Questions
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Ways to act on Employees' Retirement Plan of Indianapolis Power & Light Company's numbers.
- By total assets, Employees' Retirement Plan of Indianapolis Power & Light Company ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Indiana. Compare plans
- Indianapolis Power & Light Company's sponsor-wide assets have declined 4.2% since 2022 across 3 plan years on file. More Utilities plans