Ohio › Utilities › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Retirement Plan for Ees of Ohio Valley Electric Corp/indiana-Kentucky Electric Corp.
Sponsored by Ohio Valley Electric Corporation, Piketon, OH
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Ohio Valley Electric Corporation of Piketon, Ohio sponsors Retirement Plan for Ees of Ohio Valley Electric Corp/indiana-Kentucky Electric Corp., a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 541 participants (391 active) and $158M in net assets.
Net assets came to $292,143 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and well above the $187,668 median for defined benefit plans in utilities. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $5.3M for the year ($13,555 per active participant) and benefits paid were $8.3M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 7 service provider organisations paid $5,000 or more, with reported compensation of $646K: $1,194 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $651K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $170M in 2009 to $158M in 2024 (down 7%), and participants from 887 to 541 (down 39%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $292,143 | $86,583 | $187,668 | $86,221 |
| Employer contributions per active participant | $13,555 | $10,758 | $12,900 | $10,244 |
| Schedule C compensation per participant | $1,194 | $377 | $468 | $344 |
| Schedule C compensation, share of net assets | 0.41% | 0.48% | 0.27% | 0.42% |
| Administrative expenses per participant | $1,204 | $591 | $804 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), utilities (175) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 541 | $158M | $292,144 | $5.3M | — | $646K |
| 2023 | 553 | $159M | $287,691 | $7.2M | — | $587K |
| 2022 | 733 | $183M | $249,068 | $6.2M | — | $641K |
| 2021 | 789 | $264M | $334,650 | $11.0M | — | $703K |
| 2020 | 818 | $260M | $318,142 | $10.3M | — | $621K |
| 2019 | 844 | $229M | $271,115 | $5.6M | — | $584K |
| 2018 | 1,029 | $215M | $208,545 | $6.0M | — | $307K |
| 2017 | 1,047 | $234M | $223,089 | $7.8M | — | $331K |
| 2016 | 1,069 | $208M | $194,272 | $8.0M | — | $301K |
| 2015 | 1,085 | $192M | $176,823 | $6.9M | — | $274K |
| 2014 | 1,088 | $190M | $174,952 | $6.6M | — | $557K |
| 2013 | 1,118 | $171M | $152,509 | $6.4M | — | $459K |
| 2012 | 1,072 | $164M | $153,401 | $5.5M | — | $494K |
| 2011 | 1,032 | $141M | $136,989 | $6.1M | — | $384K |
| 2010 | 1,027 | $127M | $124,021 | $6.3M | — | $239K |
| 2009 | 887 | $170M | $191,202 | $5.7M | — | $53K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$159,092,756
- Employer contributions$5,300,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$5,300,000
- Total income, including investment results$7,877,671
- Benefits paid$8,269,704
- Administrative expenses$651,211
- Total expenses$8,920,915
- Net income−$1,043,244
- Net transfers$0
- Net assets, end of year$158,049,512
Participants
- Active participants391
- Retired or separated, receiving benefits111
- Retired or separated, entitled to future benefits32
- Total participants, end of year541
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| MetLife Investment Management | Investment management | $219,821 | $0 |
| Willis Towers Watson | Recordkeeping and information management | $217,984 | $0 |
| Western Asset Management Co. | Investment management | $114,079 | $0 |
| PNC Bank | Trustee (bank, trust company, or similar financial institution); Custodial (securities); Recordkeeping and information management; Contract Administrator | $41,435 | $0 |
| Advisory Research Investment MGMT | Investment management | $27,472 | $0 |
| Acadian Global Managed Volatility | Investment management | $15,510 | $0 |
| Acadian Asset Management | Investment management | $9,809 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$386,691
- Recordkeeping fees$217,984
- Trustee and custodial fees$46,536
- Total administrative expenses$651,211
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Corporate debt instruments$48.3M · 30.5%
- U.S. Government securities$39.7M · 25.1%
- Registered investment companies (mutual funds)$31.9M · 20.1%
- Common/collective trusts$31.7M · 20.0%
- Cash (interest and non-interest bearing)$3.5M · 2.2%
- Other investments$2.1M · 1.3%
- Receivables$1.3M · 0.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmSikich CPA LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $3,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1ECode section 401(h) arrangement3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 221100: Electric Power Generation, Transmission & Distribution.
Other plans of Ohio Valley Electric Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Supplemental Pension & Savings Plan for Ees of Ohio Valley Electric Corp. and Indiana-Kentucky Electric Corp. | 641 | $150M |
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Energy Harbor Pension Plan for Collectively Bargained Employees | Vistra Operations Company LLC | 879 | $18.2M | $20,661 |
| The Dayton Power and Light Co. Retirement Inc. Plan | The Dayton Power and Light Company | 1,959 | $268M | $136,625 |
| American Electric Power System Retirement Plan | American Electric Power Service Corporation | 32,548 | $4.00B | $122,833 |
| Firstenergy Corp. Master Pension Plan | Firstenergy Corp. | 38,934 | $6.35B | $163,030 |
Defined benefit plans in utilities closest in size.
Questions and answers
How big is Retirement Plan for Ees of Ohio Valley Electric Corp/indiana-Kentucky Electric Corp.?
541 participants at the end of the plan year ending 31 Dec 2024, of whom 391 were active employees, with net assets of $158,049,512. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Ohio Valley Electric Corporation contribute per participant?
The filing reports $5,300,000 in employer contributions for the year, which is $13,555 per active participant; the median for plans of the same type and size was $10,758 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $646,110 in compensation to service provider organisations, $1,194 per participant or 0.41% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $651,211. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Ohio Valley Electric Corporation. Recordkeeping or administration: Willis Towers Watson and PNC Bank. Investment advisory or management: MetLife Investment Management, Western Asset Management Co. and Advisory Research Investment MGMT. Trustee or custodian: PNC Bank. The financial statements were audited by Sikich CPA LLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 14 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 31-4392702, plan 001, received 14 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.