Plan Ledger DOL Form 5500 · updated monthly

Empower Ai401(k)

EMPOWER AI 401(K) PROFIT SHARING PLAN · RESTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.20%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Empower Ai reported $327,828 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $2,612 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.26% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 179th-largest of 2,266 plans among Virginia employers on file, and the 938th of 11,654 in professional & technical services. In 2024, employees put in $3.53 for every $1.00 the employer contributed; active participation has shrunk from 904 to 802 since 2022.

Plan summary
Net assets, end of year$169,654,194
Participants with balances1,932
Active participants802
Employer contributions$2,094,616
Employee contributions$7,392,277
Employer contribution per active participant$2,612
Average account balance$87,813
Benefits paid to participants$22,070,995
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$169.7M · 1,932 accts · $2.1M emplr
2023$159.2M · 2,030 accts · $2.3M emplr
2022$141.3M · 2,086 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$123,130
Investment management$204,698
Total administrative$327,828
The Empower Ai 401(k) match · 2024
Employer contribution per active participant$2,612
Median for plans this size$3,635
2024$2,612 per active participant
2023$2,703 per active participant
2022$2,756 per active participant

Empower Ai's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$141,059
MERCER INVESTMENT MANAGEMENT · Investment management$186,920
CHARLES SCHWAB & CO., INC. · Securities brokerage$217

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$327,828 · 0.20%
2023$263,564 · 0.18%
2022$408,031 · 0.26%
Same employer
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Pavion Corp. VA$184.0M · 0.12%
Vt Services Inc. VA$176.0M · 0.24%
Sos International LLC VA$173.7M · 0.12%
Guidehouse Digital LLC VA$170.8M · 0.30%
Orano USA LLC VA$168.0M · 0.08%
Comscore, Inc. VA$161.1M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541522509 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.