Money Purchase · DOL Form 5500 · 2024

Empower Financials, Inc. Money Purchase Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
3
Participants Small participant base
31st
Percentile by assets National rank
$799,747
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 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.

  • #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.

#5,549
in Professional & Technical Services (20,173 peers)
+6.5%
assets growth YoY

Software Plus P-S Plan among the smaller filed plans by assets

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

End-of-year total assets · plan year 2024 · DOL Form 5500

$2,399,241 31st percentile higher than 31% of 123,620 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 2024

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

Plan-year 2024 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.

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.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 382473545 · Empower Financials, Inc. PY 2024 · Money Purchase

Software Plus P-S Plan · $2M · 3 · 31st

  • EOY $2M
  • EOY 3
  • EOY 31st
  • EOY Money Purchase
  • EOY near Richard Fischbein Money Purchase Plan
  • EOY ind #5549

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

Richard Fischbein Money Purchase PlanRichard Fischbein Money Purc…$2MSoftware Plus P-S Plan$2MWestern States Water Council Money Purchase Pension PlanWestern States Water Council…$2MSabel Steel Service, Inc. Money Purchase PlanSabel Steel Service, Inc. Mo…$2MChildrens Urology Group Money Purchase PlanChildrens Urology Group Mone…$2M
End-of-year total assets ($M) among Software Plus P-S Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2024.

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 (2024)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$146K
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 -0.500.511.52 Total assets ($B) Participants Software Plus P-S Plan, Total assets ($B): 0.002399241 · Participants: 3Software Plus P-S PlanCentral Midwest Regional Council of Carpenters Defined Contribution Pension Plan, Total assets ($B): 1.589855457 · Participants: 35197Central Midwest Regional Council of Carpenters Defined Contribution Pension PlanMichigan Regional Council of Carpenters' Annuity Fund, Total assets ($B): 0.530589285 · Participants: 17855Michigan Regional Council of Carpenters' Annuity FundP & M Holding Group, LLP & Affiliated Entities Pension Plan, Total assets ($B): 0.25021539 · Participants: 1182P & M Holding Group, LLP & Affiliated Entities Pension PlanOperating Engineers' Local 324, Defined Contribution Pension Plan, Total assets ($B): 0.247791514 · Participants: 7667Operating Engineers' Local 324, Defined Contribution Pension PlanMichigan Laborers' Annuity Fund, Total assets ($B): 0.129114976 · Participants: 4355Michigan Laborers' Annuity Fund
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 Richard Fischbein Money Purchase Plan in PA ($2M); 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 2024. 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 2024? ▼
Software Plus P-S Plan grew at a solid clip - up 6.5% during 2024, from $2M to $2M. Reported net income was $146K.
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 Richard Fischbein Money Purchase Plan in PA ($2M, 3 participants).
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 Ansonics Profit Sharing Plan in OR (3 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.