401(k) · DOL Form 5500 · 2024

Indianapolis Power & Light Company 401(k) Plan

Data updated 2026-08-25

$204M
Total assets Near avg plan size
887
Participants Near avg headcount
94th
Percentile by assets National rank
$230,117
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

$204M in assets, 887 participants

Indianapolis Power & Light Company's Employees' Thrift Plan of Indianapolis Power & Light Company reported $204M in total assets and 887 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.

  • #512 in Utilities (732 peers)

Utilities sector rank

Within Utilities, Employees' Thrift Plan of Indianapolis Power & Light Company ranks #512 of 732 2024 filers by assets (263% of the sector average)-$204M for 887 participants.

#512
in Utilities (732 peers)
+3.2%
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 2024 · DOL Form 5500

$204,113,355 Top 6% higher than 94% of 123,620 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 2024

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

Plan-year 2024 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 (887 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Employees' Thrift Plan of Indianapolis Power & Light Company reported net income fell from $13M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Employees' Thrift Plan of Indianapolis Power & Light Company end-of-year assets rose from $198M in the plan year 2023 filing to $204M in the plan year 2024 filing.
  • Employees' Thrift Plan of Indianapolis Power & Light Company reported participants fell from 905 in the plan year 2023 filing to 887 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 350413620 · Indianapolis Power & Light Company PY 2024 · 401(k)

Employees' Thrift Plan of Indianapolis Power & Light Company · $204M · 887 · 94th

  • TYPE $204M
  • NET 887
  • BOOK 94th
  • VS-ST 401(k)
  • BOY near Confluent Health, LLC 401(k) Profit Sharing Plan
  • SCH ind #512

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

Rubinbrown LLP 401(k) Profit Sharing Plan and TrustRubinbrown LLP 401(k) Profit…$204MConfluent Health, LLC 401(k) Profit Sharing PlanConfluent Health, LLC 401(k)…$204MEmployees' Thrift Plan of Indianapolis Power & Light CompanyEmployees' Thrift Plan of In…$204MNixon Peabody LLP Retirement Savings Plan IINixon Peabody LLP Retirement…$204MHunt Companies Business Services, LLC 401(k) PlanHunt Companies Business Serv…$204M
End-of-year total assets ($M) among Employees' Thrift Plan of Indianapolis Power & Light Company and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Utilities filing particulars

Total Assets (Beginning of Year)$198M
Net Assets (End of Year)$204M
Net Income$6M
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 -505101520 Total assets ($B) Participants Employees' Thrift Plan of Indianapolis Power & Light Company, Total assets ($B): 0.204113355 · Participants: 887Employees' Thrift Plan of Indianapolis Power & Light CompanyGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
Employees' Thrift Plan of Indianapolis Power & Light Company vs. nearby 401(k) plans in Ohio, assets vs. participants

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 Confluent Health, LLC 401(k) Profit Sharing Plan in KY ($204M); by covered participants it is Core Laboratories Profit Sharing and Retirement Plan in TX (887 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (887 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Employees' Thrift Plan of Indianapolis Power & Light Company edged up modestly - up 3.2% during 2024, from $198M to $204M. Reported net income was $6M.
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 94th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% 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 Confluent Health, LLC 401(k) Profit Sharing Plan in KY ($204M, 7,445 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 Core Laboratories Profit Sharing and Retirement Plan in TX (887 participants, $157M in assets).