Empower, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2015. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Empower, Inc. 401(k) Plan Facts (plan year 2015)

Plan name
EMPOWER HR RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
EMPOWER, INC.
Participants
4,760 (3,165 active employees)
Former employees with a balance
513
Plan assets
$71,258,986 at Dec 31, 2015
Average account balance
$32,273 across 2,208 accounts
Employer contributions
$2,183,474 in plan year 2015 (22% of all contributions)
Plan year
Jan 1, 2015 – Dec 31, 2015
Plan established
Jan 1, 1998
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2015 (Jan 1, 2015 – Dec 31, 2015), filed Oct 12, 2016. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2015

  • $9.81 million went into the plan in contributions, $2.18 million of it from the employer (22%).
  • $13.4 million was paid out to participants.
  • Administrative expenses were $519,551, about $235 per account.

How the Empower, Inc. 401(k) changed, 2010–2015

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20101,030$18.5 million$894,458$3.58 million
20111,227$18.5 million$815,838$3.07 million
20121,157$82.0 million$1.80 million$7.00 million
20133,537$89.1 million$2.14 million$11.2 million
20143,368$82.3 million$2.04 million$24.3 million
20154,760$71.3 million$2.18 million$13.4 million

Empower, Inc. 401(k) Contact Information

Phone
810-220-2659
Mailing address
2200 GENOA BUSINESS PARK DR, BRIGHTON MI 48114
Plan sponsor
EMPOWER, INC.
Employer identification number (EIN)
36-4115383
Plan number
333

Questions about the Empower, Inc. 401(k)

Is the Empower, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2015, and no later filing was found under this employer's EIN.

Does Empower, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2015 the employer contributed $2.18 million, 22% of all contributions.

Does the Empower, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Empower, Inc 401(k) plan?

4,760 participants at the start of plan year 2015, 3,165 of them active employees, and 513 former employees who still had money in the plan.

What is the average 401(k) balance at Empower, Inc?

About $32,273 per account: $71.3 million in plan assets across 2,208 accounts with a balance at the end of plan year 2015.

Who manages the Empower, Inc 401(k) accounts?

Newport (an Ascensus company) is the plan's recordkeeper, which is where participants log in to see their balance.

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