American Electric Power Service Corporation
Overview
American Electric Power Service Corporation sponsors a self-funded health plan that covered 31,093 participants in plan year 2025, down 3% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 31,093 · prior year 31,923
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- American Electric Power System Comprehensive Medical Plan, plan 501 (31,093 participants); American Electric Power System Health Care Spending Account Plan, plan 515 (1,409 participants)
- Broker compensation
- $1.2M across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Minnesota Life Insurance Company | Life, Voluntary AD&D Insurance | 32,344 | $35.7M | $450K |
| Prudential Insurance Company of America | Trust Owned Life Insurance Contract, Long-Term Care | 810 | $16.2M | $223K |
| Fidelity Security Life Insurance Company | Vision | 50,367 | $3.5M | $134K |
| Securian Life Insurance Company | Voluntary Accident Insurance, Voluntary Critical Illness Insurance, Hospital Indemnity | 9,607 | $2.1M | $362K |
| MetLife Legal Plans | Legal | 2,930 | $481K | $50K |
| Aetna Life Insurance Co. | Dental | 1,370 | $402K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 31,093 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- American Electric Power Service Corporation
- Sponsor EIN
- 13-4922641
- Plan numbers
- 501, 515
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 13-4922641 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- American Electric Power System Retirement Plan
- Type
- Pension plan
- Participants
- 32,548
About this data
Source: American Electric Power Service Corporation's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with American Electric Power Service Corporation.