Money Purchase · DOL Form 5500 · 2022

Empower Financials, Inc. Money Purchase Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
3
Participants Small participant base
34th
Percentile by assets National rank
$688,131
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 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.

  • #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.

#6,662
in Professional & Technical Services (21,562 peers)
-12.4%
assets change YoY

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.

Software Plus P-S Plan's mid-pack asset rank among Professional & Technical Services and all filers

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

End-of-year total assets · plan year 2022 · DOL Form 5500

$2,064,392 34th percentile higher than 34% of 139,123 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 2022

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

Plan-year 2022 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.

Published 5500 schedule card

Filing strip 382473545 · Empower Financials, Inc. PY 2022 · Money Purchase

Software Plus P-S Plan · $2M · 3 · 34th

  • EBSA $2M
  • PART 3
  • TYPE 34th
  • NET Money Purchase
  • BOOK near James a. Sweet, Cpa Keogh Plan
  • VS-ST ind #6662

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

Standardized Combination Prototype PlanStandardized Combination Pro…$2MCity of Haleyville Water Works & Sewer Board Employee Money Purchase Pension PlanCity of Haleyville Water Wor…$2MSoftware Plus P-S Plan$2MJames a. Sweet, Cpa Keogh PlanJames a. Sweet, Cpa Keogh Pl…$2MA. Raimondo, Inc. Defined Contribution Pension PlanA. Raimondo, Inc. Defined Co…$2M
End-of-year total assets ($M) among Software Plus P-S Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2022.

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 (2022)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income-$292K
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 -20002004006008001000 Total assets ($M) Participants Software Plus P-S Plan, Total assets ($M): 2.064392 · Participants: 3Software Plus P-S PlanIndiana/Kentucky/Ohio Regional Council of Carpenters Defined Contribution Pension Plan, Total assets ($M): 855.673183 · Participants: 30438Indiana/Kentucky/Ohio Regional Council of Carpenters Defined Contribution Pension PlanMichigan Regional Council of Carpenters' Annuity Fund, Total assets ($M): 441.660692 · Participants: 19164Michigan Regional Council of Carpenters' Annuity FundMillwrights' Local 1102 Supplemental Pension Fund, Total assets ($M): 279.689211 · Participants: 2541Millwrights' Local 1102 Supplemental Pension FundOperating Engineers' Local 324, Defined Contribution Pension Plan, Total assets ($M): 221.377445 · Participants: 7312Operating Engineers' Local 324, Defined Contribution Pension PlanP & M Holding Group, LLP & Affiliated Entities Pension Plan, Total assets ($M): 210.141766 · Participants: 1012P & 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 James a. Sweet, Cpa Keogh Plan in WI ($2M); by covered participants it is Diagnostic Radiology Consultants PC Money Purchase Pension Plan in OK (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 2022. 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 2022? ▼
Software Plus P-S Plan pulled back noticeably - down 12.4% during 2022, from $2M to $2M. Reported net income was -$292K.
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 James a. Sweet, Cpa Keogh Plan in WI ($2M, 1 participant).
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 Diagnostic Radiology Consultants PC Money Purchase Pension Plan in OK (3 participants, $5M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

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.