DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Corporate pension

Employees' Retirement Plan of Indianapolis Power & Light Company

Corporate pensionIndianapolis, IN

Assets

$556M

Total assets, Dec 31, 2024 reported

Funded

100.1%

Jan 1, 2024

Private markets target

n/a

policy Dec 31, 2024

Commitments

none on the tape

Plan sponsor: Indianapolis Power & Light Company

Allocation policy

Form 5500, as of Dec 31, 2024

Actual allocation lines without a target (as filed)

Interest-bearing cash 0.6%
Common/collective trusts 99.4%

Consultants and advisers

3 firms

Mercer Actuarythrough Dec 31, 2022 Form 5500
Northern Trust Co. Custodianthrough Dec 31, 2022 Form 5500
State Street Global Advisors Custodianthrough Dec 31, 2022 Form 5500

People

No investment staff or executives have been read for this allocator yet.

Manager roster

3 managers on the commitment tape

From the plan’s own commitment disclosures

State Street Global Advisors Trust9 rows, latest Dec 31, 2024
State Street - Russell 20003 rows, latest Dec 31, 2024
State Street Gbl Equity3 rows, latest Dec 31, 2024

From Schedule C (investment management, code 28)

Mercer Investments LLCplan years 2022

Commitments

36 rows, 0 dated closings

Disclosed holdings (from the plan’s performance or holdings report, as of the report date)

Date	Fund	Manager	Bucket	Amount	Status	Source
as of Dec 31, 2024	Mercer US Small/mid Cap Equity Portcollective trust	Mercer Trust Company LLC	Public equity	$5.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer Non-Us Core Equity Portfoliocollective trust	Mercer Trust Company LLC	Public equity	$15.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer Emerging Markets Equity Portcollective trust	Mercer Trust Company LLC	Public equity	$7.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer Global Low Volatility Equitycollective trust	Mercer Trust Company LLC	Public equity	$2.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer Opportunistic Fixed Incomecollective trust	Mercer Trust Company LLC	Hedge / diversifiers	$8.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Mercer Active Long Corporate Fixedcollective trust	Mercer Trust Company LLC	Fixed income	$265M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Active Long Corporate Fixed Incomecollective trust	Mercer Trust Company LLC	Fixed income	$89.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Ssga S&p 500 (r) Indx Nl Sf Cl acollective trust	State Street - Russell 2000	Pooled vehicles	$35.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	20+ Year U.S. Treasury Strips Indexcollective trust	State Street Gbl Equity	Fixed income	$27.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	CF Ssga U.S.LONG Govt Bond Indx Sfcollective trust	State Street Global Advisors Trust	Fixed income	$19.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	CF Ssga Intermediate US Govt Bond Icollective trust	State Street Global Advisors Trust	Fixed income	$67.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2024	Real Asset Nl Series - Class acollective trust	State Street Global Advisors Trust	Real assets	$8.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer US Small/mid Cap Equity Portcollective trust	Mercer Trust Company LLC	Public equity	$7.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer Non-Us Core Equity Portfoliocollective trust	Mercer Trust Company LLC	Public equity	$15.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer Emerging Markets Equity Portcollective trust	Mercer Trust Company LLC	Public equity	$9.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer Global Low Volatility Equitycollective trust	Mercer Trust Company LLC	Public equity	$16.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer Opportunistic Fixed Incomecollective trust	Mercer Trust Company LLC	Hedge / diversifiers	$9.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Mercer Active Long Corporate Fixedcollective trust	Mercer Trust Company LLC	Fixed income	$290M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Active Long Corporate Fixed Incomecollective trust	Mercer Trust Company LLC	Fixed income	$88.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Ssga S&p 500 (r) Indx Nl Sf Cl acollective trust	State Street - Russell 2000	Pooled vehicles	$22.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	20+ Year U.S. Treasury Strips Indexcollective trust	State Street Gbl Equity	Fixed income	$29.6M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	CF Ssga U.S.LONG Govt Bond Indx Sfcollective trust	State Street Global Advisors Trust	Fixed income	$39.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	CF Ssga Intermediate US Govt Bond Icollective trust	State Street Global Advisors Trust	Fixed income	$48.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2023	Real Asset Nl Series - Class acollective trust	State Street Global Advisors Trust	Real assets	$8.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer US Small/mid Cap Equity Portcollective trust	Mercer Trust Company LLC	Public equity	$8.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer Non-Us Core Equity Portfoliocollective trust	Mercer Trust Company LLC	Public equity	$15.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer Emerging Markets Equity Portcollective trust	Mercer Trust Company LLC	Public equity	$10.5M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer Global Low Volatility Equitycollective trust	Mercer Trust Company LLC	Public equity	$16.9M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer Opportunistic Fixed Incomecollective trust	Mercer Trust Company LLC	Hedge / diversifiers	$9.8M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Mercer Active Long Corporate Fixedcollective trust	Mercer Trust Company LLC	Fixed income	$293M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Active Long Corporate Fixed Incomecollective trust	Mercer Trust Company LLC	Fixed income	$96.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Ssga S&p 500 (r) Indx Nl Sf Cl acollective trust	State Street - Russell 2000	Pooled vehicles	$22.7M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	20+ Year U.S. Treasury Strips Indexcollective trust	State Street Gbl Equity	Fixed income	$29.2M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	CF Ssga U.S.LONG Govt Bond Indx Sfcollective trust	State Street Global Advisors Trust	Fixed income	$40.0M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	CF Ssga Intermediate US Govt Bond Icollective trust	State Street Global Advisors Trust	Fixed income	$53.1M held	Disclosed holding	askebsa.dol.gov
as of Dec 31, 2022	Real Asset Nl Series - Class acollective trust	State Street Global Advisors Trust	Real assets	$9.4M held	Disclosed holding	askebsa.dol.gov

Size and funding

33 readings

Total assets

$556M Dec 31, 2024 reported Form 5500

$589M (2023-12) · $608M (2022-12)

Plan assets

$588M Jan 1, 2024 reported Form 5500

$608M (2023-01) · $817M (2022-01)

Net assets

$555M Dec 31, 2024 reported Form 5500

$588M (2023-12) · $607M (2022-12)

Funded ratio

100.1% Jan 1, 2024 reported Form 5500

97.3% (2023-01) · 116.8% (2022-01)

Funding target

$559M Jan 1, 2024 reported Form 5500

$605M (2023-01) · $588M (2022-01)

Discount rate

5.13% Jan 1, 2024 reported Form 5500

5.06% (2023-01) · 5.40% (2022-01)

Participants

1,917 Jan 1, 2024 reported Form 5500

2,117 (2023-01) · 2,134 (2022-01)

Contributions

$0 Dec 31, 2024 reported Form 5500

$0 (2023-12) · $0 (2022-12)

Benefits paid

$36.8M Dec 31, 2024 reported Form 5500

$71.8M (2023-12) · $38.1M (2022-12)

Net investment income

$-33.0M Dec 31, 2024 reported Form 5500

$-19.1M (2023-12) · $-209M (2022-12)

Investment management fees

$1.0M Dec 31, 2024 reported Form 5500

$1.1M (2023-12) · $1.2M (2022-12)

Form 5500 filings

3 plan years

Plan year	Participants	Assets (SB market)	Funding target	FTAP	Total assets (H)	Partnerships / JV	Master trust	Real estate
2024 to Dec 31, 2024	1,917	$588M	$559M	100.1%	$556M	n/a	n/a	n/a
2023 to Dec 31, 2023	2,117	$608M	$605M	97.3%	$589M	n/a	n/a	n/a
2022 to Dec 31, 2022	2,134	$817M	$588M	116.8%	$608M	n/a	n/a	n/a

Service providers and investment entities as filed (Schedule C and D, latest year first)

Mercer Investments LLC codes 51 52 $1.0M PY2024
Mercer, Inc. codes 11 50 $154,850 PY2024
The Northern Trust Company codes 19 21 24 25 49 50 51 $67,020 PY2024
State Street Global Advisors Trust codes 18 19 51 $27,355 PY2024
US Small/mid Cap Equity Portfolio Sched. D C $5.6M PY2024
Non-Us Core Equity Portfolio Sched. D C $15.6M PY2024
Emerging Markets Equity Portfolio Sched. D C $7.1M PY2024
Global Low Volatility Equity Portfo Sched. D C $2.8M PY2024
Opportunistic Fixed Income Portfoli Sched. D C $8.6M PY2024
Active Long Corporate Inv Port Sched. D C $265M PY2024
Active Long Corporate Fixed Income Sched. D C $89.1M PY2024
S&p 500 (r) Indx Nl Sf Cl a (cmm3) Sched. D C $35.2M PY2024
20+ Year U.S. Treasury Strips Index Sched. D C $27.5M PY2024
U.S. Long Govt Bond Indx Nl Sf Cl a Sched. D C $19.7M PY2024
Intermediate US Govt Bond Indx Nl S Sched. D C $67.7M PY2024
Real Asset Nl Series - Class a Sched. D C $8.5M PY2024
Mercer codes 11 PY2024
Mercer Investments LLC codes 51 52 $1.1M PY2023
Mercer, Inc. codes 11 50 $113,366 PY2023
The Northern Trust Company codes 19 21 24 25 49 50 51 $43,652 PY2023
State Street Global Advisors Trust codes 18 19 51 $32,366 PY2023
US Small/mid Cap Equity Portfolio Sched. D C $7.9M PY2023
Non-Us Core Equity Portfolio Sched. D C $15.2M PY2023
Emerging Markets Equity Portfolio Sched. D C $9.9M PY2023
Global Low Volatility Equity Portfo Sched. D C $16.1M PY2023
Opportunistic Fixed Income Portfoli Sched. D C $9.1M PY2023
Active Long Corporate Inv Port Sched. D C $290M PY2023
S&p 500 (r) Indx Nl Sf Cl a (cmm3) Sched. D C $22.6M PY2023
20+ Year U.S. Treasury Strips Index Sched. D C $29.6M PY2023
U.S. Long Govt Bond Indx Nl Sf Cl a Sched. D C $39.2M PY2023
Intermediate US Govt Bond Indx Nl S Sched. D C $48.5M PY2023
Real Asset Nl Series - Class a Sched. D C $8.8M PY2023
Active Long Corporate Fixed Income Sched. D C $88.2M PY2023
Mercer codes 11 PY2023
Mercer Investments LLC codes 51 52 $1.2M PY2022
Mercer, Inc. codes 11 50 $78,682 PY2022
The Northern Trust Company codes 19 21 24 25 49 50 51 $53,400 PY2022
State Street Global Advisors Trust codes 18 19 51 $41,892 PY2022
US Small/mid Cap Equity Portfolio Sched. D C $8.1M PY2022
Non-Us Core Equity Portfolio Sched. D C $15.8M PY2022
Emerging Markets Equity Portfolio Sched. D C $10.5M PY2022
Global Low Volatility Equity Portfo Sched. D C $16.9M PY2022
Opportunistic Fixed Income Portfoli Sched. D C $9.8M PY2022
Active Long Corporate Inv Port Sched. D C $293M PY2022
Active Long Corporate Fixed Income Sched. D C $96.0M PY2022
S&p 500 (r) Indx Nl Sf Cl a (cmm3) Sched. D C $22.7M PY2022
20+ Year U.S. Treasury Strips Index Sched. D C $29.2M PY2022
U.S. Long Govt Bond Indx Nl Sf Cl a Sched. D C $40.0M PY2022
Intermediate US Govt Bond Indx Nl S Sched. D C $53.1M PY2022
Real Asset Nl Series - Class a Sched. D C $9.4M PY2022
Mercer codes 11 PY2022

What changed

3 events

Jan 1, 2024Funded status changed
Employees' Retirement Plan of Indianapolis Power & Light Company funded ratio 97.3% -> 100.1% (2023-01-01 to 2024-01-01)
askebsa.dol.gov
Jan 1, 2023Funded status changed
Employees' Retirement Plan of Indianapolis Power & Light Company funded ratio 116.8% -> 97.3% (2022-01-01 to 2023-01-01)
askebsa.dol.gov
Jan 1, 2023Assets changed
Employees' Retirement Plan of Indianapolis Power & Light Company plan assets $817M -> $608M (-25.6%, 2022-01-01 to 2023-01-01)
askebsa.dol.gov

Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.

Provenance

Identifiers: EIN-PN 350413620-001

Cross-graph: no entry on another DFX graph

First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.