Money Purchase · DOL Form 5500 · 2023

Empower Financials, Inc. Money Purchase Plan

Data updated 2026-08-25

$628K
Total assets Small plan by assets
3
Participants Small participant base
20th
Percentile by assets National rank
$209,220
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Software Plus Money Purchase · Sponsored by Empower Financials, Inc. · Michigan · Professional & Technical Services

$628K in assets, 3 participants

Empower Financials, Inc.'s Software Plus Money Purchase reported $628K in total assets and 3 participants in its 2023 DOL Form 5500 filing, ranking in the 20th 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.

  • #3,003 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 Money Purchase at $628K / 3 participants.

#3,003
in Professional & Technical Services (20,321 peers)
+8.3%
assets growth YoY

Software Plus Money Purchase among the smaller filed plans by assets

Software Plus Money Purchase vs every filed plan by assets

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

$627,660 20th percentile higher than 20% 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 Money Purchase 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 Money Purchase is a micro filing (3 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Software Plus Money Purchase reported net income rose from -$46K in the plan year 2022 filing to $48K in the plan year 2023 filing.
  • Software Plus Money Purchase end-of-year assets rose from $579K in the plan year 2022 filing to $628K in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

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

Software Plus Money Purchase · $628K · 3 · 20th

  • EBSA $628K
  • EBSA 3
  • EBSA 20th
  • EBSA Money Purchase
  • EBSA near Houston Co. Water Control & Improvement Dist. No. 1 Money Purchase Pension Plan & Trust
  • EBSA ind #3003

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 Money Purchase in the asset neighbourhood

Software Plus Money Purchase$628KHouston Co. Water Control & Improvement Dist. No. 1 Money Purchase Pension Plan & TrustHouston Co. Water Control & …$629KWillow View Mental Health System Employees' Pension PlanWillow View Mental Health Sy…$634KAmerican Alarm Corporation 4015American Alarm Corporation 4…$622KRetirement Plan of Constance Prosser Burrell Descendents TrustRetirement Plan of Constance…$620K
End-of-year total assets ($M) among Software Plus Money Purchase 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)$579K
Net Assets (End of Year)$628K
Net Income$48K
Employer EIN382473545
Plan Effective Date1999-12-16
Filing StatusFILING RECEIVED

Nearby Money Purchase Plans in Michigan

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

Software Plus Money Purchase vs. nearby Money Purchase plans in Michigan, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -0.500.511.5 Total assets ($B) Participants Software Plus Money Purchase, Total assets ($B): 0.00062766 · Participants: 3Software Plus Money PurchaseCentral 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 Money Purchase vs. nearby Money Purchase plans in Michigan, assets vs. participants
Compare Software Plus Money Purchase side-by-side with 3 peers →

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

Outside Michigan, the nearest Money Purchase by assets is Houston Co. Water Control & Improvement Dist. No. 1 Money Purchase Pension Plan & Trust in TX ($629K); 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 Money Purchase assets move in 2023? ▼
Software Plus Money Purchase grew at a solid clip - up 8.3% during 2023, from $579K to $628K. Reported net income was $48K.
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.
Where does Software Plus Money Purchase rank by assets among Form 5500 filers? ▼
Software Plus Money Purchase ranks in the 20th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which Money Purchase plans are similar in size to Software Plus Money Purchase? ▼
Among Money Purchase plans in other states, the closest by assets is Houston Co. Water Control & Improvement Dist. No. 1 Money Purchase Pension Plan & Trust in TX ($629K, 7 participants).
Which Money Purchase plans cover a similar participant headcount to Software Plus Money Purchase? ▼
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.