Defined Benefit (Pension) · DOL Form 5500 · 2023
Indianapolis Power & Light Company Pension Plan
Data updated 2026-08-25
- $589M
- Total assets Above avg plan size
- 737
- Participants Near avg headcount
- 98th
- Percentile by assets National rank
- $798,661
- Avg per participant High balance/head
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.
- #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.
- #607
- in Utilities (721 peers)
- -3.2%
- assets change YoY
- 5.9×
- vs typical plan assets (national mean)
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.
Employees' Retirement Plan of Indianapolis Power & Light Company's outsized position by total assets
Employees' Retirement Plan of Indianapolis Power & Light Company vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$588,613,365 Top 2% higher than 98% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Employees' Retirement 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' Retirement Plan of Indianapolis Power & Light Company sits mid-pack in the medium band (737 participants).
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.
EBSA filing schedule strip
Filing strip 350413620 · Indianapolis Power & Light Company PY 2023 · Defined Benefit (Pension)
Employees' Retirement Plan of Indianapolis Power & Light Company · $589M · 737 · 98th
- PART $589M
- TYPE 737
- NET 98th
- BOOK Defined Benefit (Pension)
- VS-ST near Local 338 Retirement Fund
- BOY ind #607
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 →
Employees' Retirement Plan of Indianapolis Power & Light Company in the asset neighbourhood
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)
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
| 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.
- 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
Employees' Retirement Plan of Indianapolis Power & Light Company's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Indiana, the nearest Defined Benefit (Pension) by assets is Local 338 Retirement Fund in NY ($588M); by covered participants it is Sun Chemical Retirement Plan in NJ (737 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($589M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (737 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.