Indiana › Utilities › 250 to 499 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Pension Plan for Hourly Employees of Southern Indiana Gas & Electric Company
Sponsored by Southern Indiana Gas & Electric Company, Evansville, IN
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.
Pension Plan for Hourly Employees of Southern Indiana Gas & Electric Company is a cash balance pension plan sponsored by Southern Indiana Gas & Electric Company of Evansville, Indiana. For the plan year ending 30 Jun 2025 it reported 286 participants, 50 of them active, and net assets of $38.4M.
Net assets came to $134,371 per participant, well above the $87,254 median for defined benefit plans with 250 to 499 participants and well below 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.
Schedule C lists 7 service provider organisations paid $5,000 or more, with reported compensation of $263K: $920 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $348K. 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 $80.3M in 2010 to $38.4M in 2024 (down 52%), and participants from 739 to 286 (down 61%).
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 | $134,371 | $87,254 | $187,668 | $86,221 |
| Employer contributions per active participant | — | $11,032 | $12,900 | $10,244 |
| Schedule C compensation per participant | $920 | $413 | $468 | $344 |
| Schedule C compensation, share of net assets | 0.68% | 0.51% | 0.27% | 0.42% |
| Administrative expenses per participant | $1,217 | $596 | $804 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 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 | 286 | $38.4M | $134,371 | — | — | $263K |
| 2023 | 299 | $39.4M | $131,846 | — | — | $340K |
| 2022 | 328 | $41.5M | $126,524 | — | — | $303K |
| 2021 | 366 | $52.1M | $142,434 | — | — | $280K |
| 2020 | 418 | $75.9M | $181,636 | — | — | $271K |
| 2019 | 458 | $71.5M | $156,098 | — | — | $177K |
| 2018 | 488 | $78.3M | $160,424 | — | — | $190K |
| 2017 | 521 | $86.3M | $165,599 | — | — | $260K |
| 2016 | 550 | $86.1M | $156,502 | — | — | $143K |
| 2015 | 586 | $87.3M | $149,029 | $6.8M | — | $194K |
| 2014 | 619 | $89.8M | $145,023 | $9.3M | — | $189K |
| 2013 | 644 | $84.8M | $131,685 | — | — | $198K |
| 2012 | 711 | $91.2M | $128,338 | $3.4M | — | $172K |
| 2011 | 730 | $83.9M | $114,892 | $4.2M | — | $119K |
| 2010 | 739 | $80.3M | $108,697 | $15.9M | — | $175K |
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$39,422,000
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$3,877,000
- Benefits paid$4,521,000
- Administrative expenses$348,000
- Total expenses$4,869,000
- Net income−$992,000
- Net transfers$0
- Net assets, end of year$38,430,000
Participants
- Active participants50
- Retired or separated, receiving benefits151
- Retired or separated, entitled to future benefits51
- Total participants, end of year286
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Callan LLC | Consulting (general); Consulting (pension) | $98,000 | $0 |
| Aon Consulting | Actuarial | $46,000 | $0 |
| MetLife Investment Management | Investment management | $37,000 | $0 |
| McConnell & Jones, LLP | Accounting (including auditing) | $28,000 | $0 |
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution) | $23,000 | $0 |
| Alight Solutions LLC | Recordkeeping and information management | $22,000 | $20 |
| Wellington Trust Company | Investment management | $9,000 | $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$148,000
- Actuarial fees$46,000
- Other administrative expenses$41,000
- Salaries and allowances$40,000
- IQPA audit fees$28,000
- Recordkeeping fees$22,000
- Trustee and custodial fees$16,000
- Other trustee fees and expenses$7,000
- Total administrative expenses$348,000
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.
- Master trust investment accounts$38.5M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmMcConnell & Jones LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- 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 related1CCash balance or similar plan3HPlan 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 221210: Natural Gas Distribution.
Similar plans in Indiana
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Indiana Gas Company, Inc. Bargaining Unit Retirement Plan | Indiana Gas Company, Inc. | 553 | $53.4M | $96,633 |
| The Retirement Benefit Plan for Employees of Aes NY, L.L.C. | The Aes Corporation | 240 | $24.3M | $101,294 |
| Vectren Corporation Combined Non-Bargaining Retirement Plan | Vectren, LLC | 1,109 | $70.6M | $63,643 |
| Employees' Retirement Plan of Indianapolis Power & Light Company | Indianapolis Power & Light Company | 1,933 | $555M | $287,312 |
| Columbia Energy Group Pension Plan | Nisource Inc. | 2,791 | $334M | $119,533 |
| Nisource Pension Plan | Northern Indiana Public Service Company | 6,549 | $1.00B | $153,142 |
Defined benefit plans in utilities closest in size.
Questions and answers
How big is Pension Plan for Hourly Employees of Southern Indiana Gas & Electric Company?
286 participants at the end of the plan year ending 30 Jun 2025, of whom 50 were active employees, with net assets of $38,430,000. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Southern Indiana Gas & Electric Company contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $263,020 in compensation to service provider organisations, $920 per participant or 0.68% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $348,000. 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 Southern Indiana Gas & Electric Company. Recordkeeping or administration: Alight Solutions LLC. Investment advisory or management: MetLife Investment Management and Wellington Trust Company. Trustee or custodian: Northern Trust Company. The financial statements were audited by McConnell & Jones LLP. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 9 Apr 2026. 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 35-0672570, plan 002, received 9 Apr 2026; 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.