401(k) · DOL Form 5500 · 2023

Empower Federal Credit Union 401(k) Plan

Data updated 2026-08-25

$64M
Total assets Below avg plan size
617
Participants Below avg headcount
88th
Percentile by assets National rank
$104,197
Avg per participant Below avg balance/head
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Official DOL plan name: Empower Federal Credit Union 401(k) Plan · Sponsored by Empower Federal Credit Union · New York · Finance & Insurance

$64M in assets, 617 participants

Empower Federal Credit Union's Empower Federal Credit Union 401(k) Plan reported $64M in total assets and 617 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,218 in Finance & Insurance (8,869 peers)

Where Empower Federal Credit Union 401(k) Plan sits by assets

Empower Federal Credit Union 401(k) Plan sits in the top quartile of all filed plans by assets, $64M for 617 participants (~$104,197/participant), up 21.7% in 2023.

#7,218
in Finance & Insurance (8,869 peers)
+21.7%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Empower Federal Credit Union 401(k) Plan's outsized position by total assets

Empower Federal Credit Union 401(k) Plan vs every filed plan by assets

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

$64,289,465 Top 12% higher than 88% 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

Empower Federal Credit Union 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Empower Federal Credit Union 401(k) Plan sits mid-pack in the medium band (617 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Empower Federal Credit Union 401(k) Plan reported net income rose from -$12M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Empower Federal Credit Union 401(k) Plan end-of-year assets rose from $53M in the plan year 2022 filing to $64M in the plan year 2023 filing.
  • Empower Federal Credit Union 401(k) Plan reported participants rose from 584 in the plan year 2022 filing to 617 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 150547278 · Empower Federal Credit Union PY 2023 · 401(k)

Empower Federal Credit Union 401(k) Plan · $64M · 617 · 88th

  • SCH $64M
  • EBSA 617
  • PART 88th
  • TYPE 401(k)
  • NET near Pgh Wong Engineering, Inc. 401(k) Plan
  • BOOK ind #7218

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 Finance & Insurance retirement plans → · Plans in New York →

Empower Federal Credit Union 401(k) Plan in the asset neighbourhood

Brook & Whittle Limited Section 401(k) Profit Sharing PlanBrook & Whittle Limited Sect…$64MTria Federal 401(k) Plan$64MEmpower Federal Credit Union 401(k) PlanEmpower Federal Credit Union…$64MPgh Wong Engineering, Inc. 401(k) PlanPgh Wong Engineering, Inc. 4…$64MCadence Aerospace 401(k) Plan$64M
End-of-year total assets ($M) among Empower Federal Credit Union 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$53M
Net Assets (End of Year)$64M
Net Income$11M
Employer EIN150547278
Plan Effective Date1997-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Empower Federal Credit Union)

Sponsor-wide plan assets over time

All Empower Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$75M 42.43794523905652% vs 2022
2024 filing year
$50M$60M$70M$80M 202220232024 $52.8M $75.3M ▲ +42.4%
Year Plans Participants Total Assets
2022 1 584 $53M
2023 1 617 $64M
2024 1 634 $75M

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Empower Federal Credit Union 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Empower Federal Credit Union 401(k) Plan, Total assets ($B): 0.064289465 · Participants: 617Empower Federal Credit Union 401(k) PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Empower Federal Credit Union 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Empower Federal Credit Union 401(k) Plan side-by-side with 3 peers →

Empower Federal Credit Union 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Pgh Wong Engineering, Inc. 401(k) Plan in CA ($64M); by covered participants it is Tecovas 401(k) Plan in TX (617 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($64M here).

Similar participant headcount

Nearest other-state filings by covered participants (617 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 Empower Federal Credit Union 401(k) Plan assets move in 2023? ▼
Empower Federal Credit Union 401(k) Plan grew sharply - up 21.7% during 2023, from $53M to $64M. Reported net income was $11M.
How have Empower Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Empower Federal Credit Union's sponsor-wide assets grew 42.4%, from $53M to $75M.
Where does Empower Federal Credit Union 401(k) Plan rank by assets among Form 5500 filers? ▼
Empower Federal Credit Union 401(k) Plan ranks in the 88th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Empower Federal Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Pgh Wong Engineering, Inc. 401(k) Plan in CA ($64M, 267 participants).
Which 401(k) plans cover a similar participant headcount to Empower Federal Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tecovas 401(k) Plan in TX (617 participants, $4M 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 150547278.

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.