Employers › American Electric Power Service
Recordkeeping fees per participant · AEP Retirement Savings 401(k) Plan · plan year 2024
$11.52
Higher than 15% of the 790 plans over $1B that report it.
= $242,677 / 21,069
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013120611NAL0002786642001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013120611NAL0002786642001, received 2025-10-13
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-13.
Administrative expenses excluding investment management, per participant
$33.78
Higher than 31% of the 1,045 plans over $1B that report it.
= $711,666 / 21,069
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013120611NAL0002786642001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013120611NAL0002786642001, received 2025-10-13
Administrative expenses per participant
$330.49
Higher than 97% of the 1,076 plans over $1B that report it.
= $6,963,194 / 21,069
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013120611NAL0002786642001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013120611NAL0002786642001, received 2025-10-13
Administrative expenses as a share of assets
0.134%
Higher than 94% of the 1,076 plans over $1B that report it.
= $6,963,194 / $5,196,173,403
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013120611NAL0002786642001, received 2025-10-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013120611NAL0002786642001, received 2025-10-13
Employer contributions per participant
$3,858
Higher than 52% of the 1,135 plans over $1B that report it.
= $81,284,557 / 21,069
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013120611NAL0002786642001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013120611NAL0002786642001, received 2025-10-13
Employer share of total contributions
28.9%
Higher than 36% of the 1,135 plans over $1B that report it.
= $81,284,557 / $281,617,620
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013120611NAL0002786642001, received 2025-10-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013120611NAL0002786642001, received 2025-10-13
Plan terms are not published in public filings.
2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · 2E profit-sharing · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251013120611NAL0002786642001, received 2025-10-13
| Field | Value | Source |
|---|---|---|
| Plan sponsor | AMERICAN ELECTRIC POWER SERVICE CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Plan name | AEP RETIREMENT SAVINGS 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Sponsor EIN / plan number | 13-4922641 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Sponsor location | COLUMBUS, OH | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Industry (business code) | 221100, Utilities | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Filing received | 2025-10-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Participants, beginning of year | 22,387 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Active participants | 16,345 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Participants, end of year | 21,396 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Participants with an account balance | 21,069 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Total assets, beginning of year | $5,168,340,578 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Total assets, end of year | $5,196,173,403 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Net assets, end of year | $5,219,068,013 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Total income | $934,338,475 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Net income | $26,335,092 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Employer contributions | $81,284,557 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Participant contributions | $186,285,552 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Other contributions (incl. rollovers) | $14,047,511 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Total contributions | $281,617,620 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Benefit payments | $900,385,835 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Total expenses (incl. benefit payments) | $908,003,383 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Total administrative expenses | $6,963,194 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Contract administrator fees | $12,540 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Recordkeeping fees | $242,677 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| IQPA audit fees | $104,424 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Investment advisory and management fees | $6,251,528 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Administrative expenses excluding investment management | $711,666 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Held in common/collective trusts | $3,731,155,137 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Held in mutual funds | $142,583,781 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251013120611NAL0002786642001, received 2025-10-13 |
| Independent auditor | BDO USA, P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251013120611NAL0002786642001, received 2025-10-13 |
Position = column in the DOL layout for form year 2024. Filing 20251013120611NAL0002786642001, received 2025-10-13.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| MELLON CAPITAL | NONE | 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan | $1,370,663 | yes |
| J.P. MORGAN INVESTMENT MANAGEMENT | NONE | 27 Investment advisory (plan); 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan | $1,263,161 | no |
| JENNISON ASSOCIATES, LLC | NONE | 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan | $662,133 | yes |
| WEDGE CAPITAL MANAGEMENT | NONE | 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan; 68 Soft dollars commissions | $626,763 | yes |
| JACKSON SQUARE | NONE | 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan; 68 Soft dollars commissions | $445,120 | yes |
| ARROWMARK PARTNERS | NONE | 28 Investment management; 33 Securities brokerage; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan; 68 Soft dollars commissions | $444,342 | yes |
| BANK OF NEW YORK MELLON | NONE | 18 Custodial (other than securities); 19 Custodial (securities); 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 31 Named fiduciary; 34 Valuation (appraisals etc.); 49 Other services; 50 Direct payment from the plan; 59 Shareholder servicing fees; 62 Float revenue; 65 Account maintenance fees | $437,500 | yes |
| BOSTON PARTNERS | NONE | 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan; 68 Soft dollars commissions | $408,230 | yes |
| GALLIARD CAPITAL MANAGEMENT, INC | NONE | 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan | $384,530 | yes |
| SOUND SHORE MANAGEMENT, INC. | NONE | 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan | $354,697 | no |
| EMPOWER RETIREMENTrecordkeeper | NONE | 15 Recordkeeping and information management; 38 Participant communication; 49 Other services; 50 Direct payment from the plan; 64 Recordkeeping fees | $266,333 | no |
| AON INVESTMENTS USA INC. | NONE | 16 Consulting (general); 27 Investment advisory (plan); 50 Direct payment from the plan; 70 Consulting fees | $139,050 | no |
| BDO USA, P.C. | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $104,424 | no |
| TELUS HEALTH (US) LTD.recordkeeper | NONE | 15 Recordkeeping and information management; 38 Participant communication; 50 Direct payment from the plan | $10,890 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251013120611NAL0002786642001, received 2025-10-13.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $5,168,340,578 | $5,196,173,403 | 0.5% |
| Participants with a balance | 22,201 | 21,069 | -5.1% |
| Administrative expenses | $6,757,797 | $6,963,194 | 3.0% |
| Recordkeeping fees per participant | $16.46 | $11.52 | -30.0% |
| Employer contributions | $86,846,315 | $81,284,557 | -6.4% |
Prior filing 20241015151658NAL0056902018001, received 2024-10-15; the plan years are contiguous.
Sponsor name as filed: AMERICAN ELECTRIC POWER SERVICE CORPORATION; SEC registrant: AMERICAN ELECTRIC POWER SERVICE CORP (CIK 313794, matched by EIN).