Money Purchase · DOL Form 5500 · 2024
Empower Financials, Inc. Money Purchase Plan
Data updated 2026-08-11
- $2M
- Total assets
- 3
- Participants
- 31st
- Percentile by assets
- $799,747
- 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 2024 DOL Form 5500 filing, ranking in the 31st 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.
- 31st percentile by assets (of 123,622 plans)
- #5,549 in Professional & Technical Services (20,173 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 (2024 EOY)
- 3
- covered participants
- 31st
- percentile by assets (of 123,622 plans)
- $799,747
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Software Plus P-S Plan reported net income fell from $189K in the plan year 2023 filing to $146K in the plan year 2024 filing.
- Software Plus P-S Plan end-of-year assets rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
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 (2024)
| Total Assets (Beginning of Year) | $2M |
|---|---|
| Net Assets (End of Year) | $2M |
| Net Income | $146K |
| 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
- Central Midwest Regional Council of Carpenters Defined Contribution Pension Plan $1.6B · 35,197
- Michigan Regional Council of Carpenters' Annuity Fund $531M · 17,855
- P & M Holding Group, LLP & Affiliated Entities Pension Plan $250M · 1,182
- Operating Engineers' Local 324, Defined Contribution Pension Plan $248M · 7,667
- Michigan Laborers' Annuity Fund $129M · 4,355
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 2024? ▼
How have Empower Financials, Inc. plan assets changed over time? ▼
Which Money Purchase plans are similar in size to Software Plus P-S Plan? ▼
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