EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY
Plan Contact
- Address: 1065 WOODMAN DRIVE,DAYTON,OH
- Contact person: HAMPTON ROACH
- Phone: (937) 259-7374
Plan General Information
EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY is $197,847,563.00.This plan was established in 1960.
EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY is 1075
EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY Average Participant Retirement Account Value
In 2023, the average participant retirement account value for EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY is $184,044.00
EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY is $6,625.00.
EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY is approximately $3,461.00
Investing in this additonal $3,461.00 for 20 years would give you extra $221,506.00, assuming a 10% annual return.
Investing in this additonal $3,461.00 for 20 years would give you extra $221,506.00, assuming a 10% annual return.
EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY Total Employer Contribution and Match Rate
In 2023, EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY allocates $3,720,625.00 to match its employees' contributions, providing an employer match rate of 50.19% of their contributions
EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY is 9.09%.
EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY is 15.29%. This measures the effectiveness of the plan participants' investments in the year.
EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY Expense Ratio
In 2023, the investment and administrative expense ratio of EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY is 0.06%.
Enrollment Features
EMPLOYEES' THRIFT PLAN OF INDIANAPOLIS POWER & LIGHT COMPANY has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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