Other · DOL Form 5500 · 2024
Employees' Retirement Plan of Indianapolis Power & Light Company
Data updated 2026-07-24
- $556M
- Total assets
- 707
- Participants
- 97th
- Percentile by assets
- $785,912
- Avg per participant
Sponsored by Indianapolis Power & Light Company · Indiana · Utilities
Indianapolis Power & Light Company's Employees' Retirement Plan of Indianapolis Power & Light Company reported $556M in total assets and 707 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
What the 2024 filing shows
Employees' Retirement Plan of Indianapolis Power & Light Company holds $556M for 707 participants - about $785,912 per participant, in the top 5% of all filed plans by assets, down 5.6% over the 2024 plan year.
- $556M
- total plan assets (2024 EOY)
- 707
- covered participants
- 97th
- percentile by assets (of 116,472 plans)
- $785,912
- avg assets per participant
The plan reported a net loss of $33M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Other · DOL Form 5500 · 2024
What the Filing Says About Employees' Retirement Plan of Indianapolis Power & Light Company
Employees' Retirement Plan of Indianapolis Power & Light Company is an Other retirement plan sponsored by Indianapolis Power & Light Company, headquartered in Indiana. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $556M in total end-of-year assets and covers 707 participants across the Utilities industry. The sponsor's EIN on file with the U.S. Department of Labor is 350413620, and the plan has been effective since 1960-11-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets pulled back noticeably from $589M at the beginning of 2024 to $556M at year-end - down 5.6%. Net assets (after liabilities) closed the year at $555M, with reported net income of -$33M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Across the 3 plan years Indianapolis Power & Light Company has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $793M to $760M, a decline of 4.2%, while reported participants moved from 1,716 to 1,594 (-7.1%). The strongest year on file by total sponsor assets was 2022 at $793M; the softest was 2024 at $760M. Year-by-year, sponsor-wide filings show: 2022 - $793M in assets across 3 plans covering 1,716 participants; 2023 - $790M in assets across 3 plans covering 1,642 participants; 2024 - $760M in assets across 2 plans covering 1,594 participants.
By assets, Employees' Retirement Plan of Indianapolis Power & Light Company outranks 97% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 5.6x the national average plan size of $100M and 730 average participants.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
How the percentile is calculated: we count every plan that filed a 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank Employees' Retirement Plan of Indianapolis Power & Light Company against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.
Financial Summary (2024)
| Total Assets (Beginning of Year) | $589M |
|---|---|
| Total Assets (End of Year) | $556M |
| Net Assets (End of Year) | $555M |
| Net Income | -$33M |
| Plan Type | Other |
| 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 Other Plans in Indiana
Peer Other plans, same state, same plan type, ranked by total assets.
Employees' Retirement Plan of Indianapolis Power & Light Company vs. nearby Other plans in Indiana, assets vs. participants
- Jasper Holdings, Inc Employee Stock Ownership Plan and Trust $2.2B · 4,295
- Indiana Laborers Pension Fund $1.8B · 11,039
- National Basketball Association Players' Pension Plan $725M · 520
- Teamsters Union No. 142 Pension Fund $639M · 2,059
- Indiana Electrical Workers Pension Plan $520M · 2,426
Frequently Asked Questions
How much money is in the Employees' Retirement Plan of Indianapolis Power & Light Company? ▼
What type of plan is Employees' Retirement Plan of Indianapolis Power & Light Company? ▼
Who sponsors the Employees' Retirement Plan of Indianapolis Power & Light Company? ▼
How did Employees' Retirement Plan of Indianapolis Power & Light Company perform in 2024? ▼
What this filing means
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 Other 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
- An Other plan works differently from other retirement plan types, understand the structural differences before comparing. Compare plan types
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 350413620.
Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainRetire is rendered directly from the Department of Labor's Form 5500 annual return filings, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-07-24.