401k Record

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NiSource 401(k)

Recordkeeping fees per participant · Nisource Inc Retirement Savings Plan · plan year 2024

$5.52

Higher than 9% of the 790 plans over $1B that report it.

Source

= $54,720 / 9,913
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250815085541NAL0012614912001, received 2025-08-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250815085541NAL0012614912001, received 2025-08-15

10th: $6.72median $34.2890th: $56.58

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 2025-08-15.

Cost and contributions

Administrative expenses excluding investment management, per participant

$5.53

10th: $9.43median $44.4790th: $97.55

Higher than 6% of the 1,045 plans over $1B that report it.

Source

= $54,836 / 9,913
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250815085541NAL0012614912001, received 2025-08-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250815085541NAL0012614912001, received 2025-08-15

Administrative expenses per participant

$5.53

10th: $24.33median $70.0390th: $174.36

Higher than 2% of the 1,076 plans over $1B that report it.

Source

= $54,836 / 9,913
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250815085541NAL0012614912001, received 2025-08-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250815085541NAL0012614912001, received 2025-08-15

Administrative expenses as a share of assets

0.003%

10th: 0.013%median 0.046%90th: 0.111%

Higher than 2% of the 1,076 plans over $1B that report it.

Source

= $54,836 / $2,032,972,811
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250815085541NAL0012614912001, received 2025-08-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250815085541NAL0012614912001, received 2025-08-15

Employer contributions per participant

$5,791

10th: $1,442median $3,74490th: $8,760

Higher than 74% of the 1,135 plans over $1B that report it.

Source

= $57,403,718 / 9,913
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250815085541NAL0012614912001, received 2025-08-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250815085541NAL0012614912001, received 2025-08-15

Employer share of total contributions

38.9%

10th: 19.8%median 33.4%90th: 47.5%

Higher than 71% of the 1,135 plans over $1B that report it.

Source

= $57,403,718 / $147,685,599
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250815085541NAL0012614912001, received 2025-08-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250815085541NAL0012614912001, received 2025-08-15

Plan terms, as stated in NiSource Inc.'s SEC filings

Plan terms are described in NiSource Inc.'s SEC filings: Form 11-K filed 2026-06-18 and Form 10-K filed 2026-02-11. No term could be quoted from them with the required precision.

Plan features

2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 3H controlled-group sponsor · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250815085541NAL0012614912001, received 2025-08-15

Full record, Nisource Inc Retirement Savings Plan

FieldValueSource
Plan sponsorNISOURCE INCForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250815085541NAL0012614912001, received 2025-08-15
Plan nameNISOURCE INC RETIREMENT SAVINGS PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250815085541NAL0012614912001, received 2025-08-15
Sponsor EIN / plan number35-2108964 / 005Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250815085541NAL0012614912001, received 2025-08-15
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250815085541NAL0012614912001, received 2025-08-15
Sponsor locationMERRILLVILLE, INForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250815085541NAL0012614912001, received 2025-08-15
Industry (business code)221210, UtilitiesForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250815085541NAL0012614912001, received 2025-08-15
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250815085541NAL0012614912001, received 2025-08-15
Filing received2025-08-15Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250815085541NAL0012614912001, received 2025-08-15
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250815085541NAL0012614912001, received 2025-08-15
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250815085541NAL0012614912001, received 2025-08-15
Participants, beginning of year9,923Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250815085541NAL0012614912001, received 2025-08-15
Active participants7,982Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250815085541NAL0012614912001, received 2025-08-15
Participants, end of year10,199Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250815085541NAL0012614912001, received 2025-08-15
Participants with an account balance9,913Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250815085541NAL0012614912001, received 2025-08-15
Total assets, beginning of year$1,730,333,853Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250815085541NAL0012614912001, received 2025-08-15
Total assets, end of year$2,032,972,811Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250815085541NAL0012614912001, received 2025-08-15
Net assets, end of year$2,032,972,811Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250815085541NAL0012614912001, received 2025-08-15
Total income$480,179,944Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250815085541NAL0012614912001, received 2025-08-15
Net income$302,638,958Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250815085541NAL0012614912001, received 2025-08-15
Employer contributions$57,403,718Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250815085541NAL0012614912001, received 2025-08-15
Participant contributions$81,177,060Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250815085541NAL0012614912001, received 2025-08-15
Other contributions (incl. rollovers)$9,104,821Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250815085541NAL0012614912001, received 2025-08-15
Total contributions$147,685,599Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250815085541NAL0012614912001, received 2025-08-15
Benefit payments$177,319,824Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250815085541NAL0012614912001, received 2025-08-15
Total expenses (incl. benefit payments)$177,540,986Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250815085541NAL0012614912001, received 2025-08-15
Total administrative expenses$54,836Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250815085541NAL0012614912001, received 2025-08-15
Recordkeeping fees$54,720Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250815085541NAL0012614912001, received 2025-08-15
Administrative expenses excluding investment management$54,836derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250815085541NAL0012614912001, received 2025-08-15
Held in common/collective trusts$1,344,531,873Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250815085541NAL0012614912001, received 2025-08-15
Held in mutual funds$349,785,674Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250815085541NAL0012614912001, received 2025-08-15
Independent auditorMCCONNELL & JONES LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250815085541NAL0012614912001, received 2025-08-15

Position = column in the DOL layout for form year 2024. Filing 20250815085541NAL0012614912001, received 2025-08-15.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
FID INVEST INST OPS COrecordkeeperRECORDKEEPER 64 Recordkeeping fees; 37 Participant loan processing; 65 Account maintenance fees $54,720yes

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 20250815085541NAL0012614912001, received 2025-08-15.

What changed since the 2023 plan year

Figure20232024Change
Total assets$1,730,333,853$2,032,972,81117.5%
Participants with a balance9,6619,9132.6%
Administrative expenses$116,827$54,836-53.1%
Recordkeeping fees per participant$3.04$5.5281.7%
Employer contributions$48,733,893$57,403,71817.8%

Prior filing 20240816102546NAL0024436560001, received 2024-08-16; the plan years are contiguous.

Alerts, claims and corrections

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Sponsor name as filed: NISOURCE INC; SEC registrant: NISOURCE INC. (CIK 1111711, matched by EIN; display name from the Form 10-K cover).