Money Purchase · DOL Form 5500 · 2023

Empower Financials, Inc. Money Purchase Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
3
Participants Small participant base
32nd
Percentile by assets National rank
$751,168
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Software Plus P-S Plan · Sponsored by Empower Financials, Inc. · Michigan · Professional & Technical Services

$2M in assets, 3 participants

Empower Financials, Inc.'s Software Plus P-S Plan reported $2M in total assets and 3 participants in its 2023 DOL Form 5500 filing, ranking in the 32nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #5,699 in Professional & Technical Services (20,321 peers)

Empower Financials, Inc. multi-year trail

Empower Financials, Inc.'s plans moved +15.5% in assets from 2022 to 2024; this filing shows Software Plus P-S Plan at $2M / 3 participants.

#5,699
in Professional & Technical Services (20,321 peers)
+9.2%
assets growth YoY

Software Plus P-S Plan among the smaller filed plans by assets

Software Plus P-S Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$2,253,503 32nd percentile higher than 32% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Software Plus P-S Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Software Plus P-S Plan is a micro filing (3 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Software Plus P-S Plan reported net income rose from -$292K in the plan year 2022 filing to $189K in the plan year 2023 filing.
  • Software Plus P-S Plan end-of-year assets rose from $2M in the plan year 2022 filing to $2M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 382473545 · Empower Financials, Inc. PY 2023 · Money Purchase

Software Plus P-S Plan · $2M · 3 · 32nd

  • BOY $2M
  • BOY 3
  • BOY 32nd
  • BOY Money Purchase
  • BOY near Pension Plan for Employees of the Teamsters Local No. 115 Funds
  • BOY ind #5699

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Michigan →

Software Plus P-S Plan in the asset neighbourhood

Pension Plan for Employees of the Teamsters Local No. 115 FundsPension Plan for Employees o…$2MDr. Luis J. Deliz Varela Target Benefit Pension PlanDr. Luis J. Deliz Varela Tar…$2MObjective Marketing Inc Profit Sharing PlanObjective Marketing Inc Prof…$2MThe Contractors Retirement PlanThe Contractors Retirement P…$2MSoftware Plus P-S Plan$2M
End-of-year total assets ($M) among Software Plus P-S Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Empower Financials, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Empower Financials, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 15.484615506818683% vs 2022
2024 filing year
$2.4M$2.6M$2.8M$3M$3.2M 202220232024 $2.64M $3.05M ▲ +15.5%
Year Plans Participants Total Assets
2022 2 6 $3M
2023 2 6 $3M
2024 2 6 $3M

Empower Financials, Inc. filing trail (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$189K
Employer EIN382473545
Plan Effective Date1985-12-30
Filing StatusFILING RECEIVED

Nearby Money Purchase Plans in Michigan

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Software Plus P-S Plan vs. nearby Money Purchase plans in Michigan, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -0.500.511.5 Total assets ($B) Participants Software Plus P-S Plan, Total assets ($B): 0.002253503 · Participants: 3Software Plus P-S PlanCentral Midwest Regional Council of Carpenters Defined Contribution Pension Plan, Total assets ($B): 1.421429732 · Participants: 31968Central Midwest Regional Council of Carpenters Defined Contribution Pension PlanMichigan Regional Council of Carpenters' Annuity Fund, Total assets ($B): 0.50045968 · Participants: 17454Michigan Regional Council of Carpenters' Annuity FundMillwrights' Local 1102 Supplemental Pension Fund, Total assets ($B): 0.305771293 · Participants: 2267Millwrights' Local 1102 Supplemental Pension FundOperating Engineers' Local 324, Defined Contribution Pension Plan, Total assets ($B): 0.236635964 · Participants: 7464Operating Engineers' Local 324, Defined Contribution Pension PlanP & M Holding Group, LLP & Affiliated Entities Pension Plan, Total assets ($B): 0.226480347 · Participants: 1081P & M Holding Group, LLP & Affiliated Entities Pension Plan
Software Plus P-S Plan vs. nearby Money Purchase plans in Michigan, assets vs. participants
Compare Software Plus P-S Plan side-by-side with 3 peers →

Software Plus P-S Plan's out-of-state Money Purchase peers by assets and headcount

Outside Michigan, the nearest Money Purchase by assets is Pension Plan for Employees of the Teamsters Local No. 115 Funds in PA ($2M); by covered participants it is Ansonics Profit Sharing Plan in OR (3 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Software Plus P-S Plan assets move in 2023? ▼
Software Plus P-S Plan grew at a solid clip - up 9.2% during 2023, from $2M to $2M. Reported net income was $189K.
How have Empower Financials, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Empower Financials, Inc.'s sponsor-wide assets grew 15.5%, from $3M to $3M.
Which Money Purchase plans are similar in size to Software Plus P-S Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Pension Plan for Employees of the Teamsters Local No. 115 Funds in PA ($2M, 4 participants).
Which Money Purchase plans cover a similar participant headcount to Software Plus P-S Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Ansonics Profit Sharing Plan in OR (3 participants, $462K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 382473545.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.