Money Purchase · DOL Form 5500 · 2022
Empower Financials, Inc. Money Purchase Plan
Data updated 2026-08-11
- $2M
- Total assets
- 3
- Participants
- 34th
- Percentile by assets
- $688,131
- Avg per participant
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 2022 DOL Form 5500 filing, ranking in the 34th 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.
- 34th percentile by assets (of 139,126 plans)
- #6,662 in Professional & Technical Services (21,562 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.
- $2M
- total plan assets (2022 EOY)
- 3
- covered participants
- 34th
- percentile by assets (of 139,126 plans)
- $688,131
- avg assets per participant
The plan reported a net loss of $292K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Empower Financials, Inc. across 3 plan years on file
Across the 3 plan years Empower Financials, Inc. has on file (2022-2024), sponsor-wide plan assets have moved from $3M to $3M, a gain of 15.5%, while reported participants moved from 6 to 6 (+0.0%). Peak year by sponsor assets: 2024 ($3M); trough: 2022 ($3M).
Empower Financials, Inc. multi-year asset trail
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 6 | $3M |
| 2023 | 2 | 6 | $3M |
| 2024 | 2 | 6 | $3M |
Empower Financials, Inc. filing trail (2022)
| Total Assets (Beginning of Year) | $2M |
|---|---|
| Net Assets (End of Year) | $2M |
| Net Income | -$292K |
| Employer EIN | 382473545 |
| Plan Effective Date | 1985-12-30 |
| Filing Status | FILING 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
- Indiana/Kentucky/Ohio Regional Council of Carpenters Defined Contribution Pension Plan $856M · 30,438
- Michigan Regional Council of Carpenters' Annuity Fund $442M · 19,164
- Millwrights' Local 1102 Supplemental Pension Fund $280M · 2,541
- Operating Engineers' Local 324, Defined Contribution Pension Plan $221M · 7,312
- P & M Holding Group, LLP & Affiliated Entities Pension Plan $210M · 1,012
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Software Plus P-S Plan by total assets, not by location.
Frequently Asked Questions
How did Software Plus P-S Plan assets move in 2022? ▼
How have Empower Financials, Inc. plan assets changed over time? ▼
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Next read for Software Plus P-S Plan
Multi-year trail
Ways to act on Software Plus P-S Plan's numbers.
- By total assets, Software Plus P-S Plan ranks in the lower half of filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in Michigan. Compare plans
- Empower Financials, Inc.'s sponsor-wide assets have grown 15.5% since 2022 across 3 plan years on file. More Professional & Technical Services plans