Defined Benefit (Pension) · DOL Form 5500 · 2024
Indianapolis Power & Light Company Pension Plan
Data updated 2026-08-25
- $556M
- Total assets Above avg plan size
- 707
- Participants Below avg headcount
- 97th
- Percentile by assets National rank
- $785,912
- 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
$556M in assets, 707 participants
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.
- #598 in Utilities (732 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, $556M for 707 participants (~$785,912/participant), down 5.6% in 2024.
- #598
- in Utilities (732 peers)
- -5.6%
- assets change YoY
- 5.6×
- vs typical plan assets (national mean)
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.
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 2024 · DOL Form 5500
$555,639,969 Top 3% higher than 97% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Employees' Retirement 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' Retirement Plan of Indianapolis Power & Light Company sits mid-pack in the medium band (707 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Employees' Retirement Plan of Indianapolis Power & Light Company reported net income fell from -$19M in the plan year 2023 filing to -$33M in the plan year 2024 filing.
- Employees' Retirement Plan of Indianapolis Power & Light Company end-of-year assets fell from $589M in the plan year 2023 filing to $556M in the plan year 2024 filing.
- Employees' Retirement Plan of Indianapolis Power & Light Company reported participants fell from 737 in the plan year 2023 filing to 707 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 350413620 · Indianapolis Power & Light Company PY 2024 · Defined Benefit (Pension)
Employees' Retirement Plan of Indianapolis Power & Light Company · $556M · 707 · 97th
- ASSETS $556M
- ASSETS 707
- ASSETS 97th
- ASSETS Defined Benefit (Pension)
- ASSETS near U. a. Local 38 Defined Benefit Pension Plan
- ASSETS ind #598
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 (2024)
| Total Assets (Beginning of Year) | $589M |
|---|---|
| Net Assets (End of Year) | $555M |
| Net Income | -$33M |
| 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 $11.8B · 19,897
- Cummins Pension Plan $3.2B · 30,640
- Indiana Laborers Pension Fund $1.8B · 11,039
- Elevance Health Cash Balance Plan a $1.2B · 7,552
- Nisource Pension Plan $1.0B · 2,133
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 U. a. Local 38 Defined Benefit Pension Plan in CA ($555M); by covered participants it is Pencor Services, Inc. Non-Agreement Pension Plan in PA (707 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($556M here).
- U. a. Local 38 Defined Benefit Pension Plan (CA) $555M · 1,419
- Retirement Plan for Employees of Multicare Health System (WA) $557M · 785
- San Diego Electrical Pension Plan (CA) $558M · 4,314
- Pension Plan for International Officers, Representatives and Assistants of the Intl Brotherhood of Electrical Workers (DC) $559M · 240
Similar participant headcount
Nearest other-state filings by covered participants (707 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.