Plan Ledger DOL Form 5500 · updated monthly

Empower Retirement, LLC401(k) + ESOP (KSOP)

EMPOWER RETIREMENT, LLC 401(K) SAVINGS PLAN · GREENWOOD VILLAGE, CO · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Empower Retirement, LLC reported $3,211 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,494 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 rose from 0.000% to 0.000%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 4th-largest of 1,461 plans among Colorado employers on file, and the 87th of 4,798 in finance & insurance. In 2024, employees put in $1.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,234,179,481
Participants with balances13,857
Active participants10,261
Employer contributions$87,157,215
Employee contributions$105,402,052
Employer contribution per active participant$8,494
Average account balance$161,231
Benefits paid to participants$125,214,864
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.2B · 13,857 accts · $87.2M emplr
2023$1.9B · 13,412 accts · $88.5M emplr
2022$1.5B · 13,397 accts · $60.7M emplr
The Empower Retirement, LLC 401(k) match · 2024
Employer contribution per active participant$8,494
Median for plans this size$5,259
2024$8,494 per active participant
2023$8,845 per active participant
2022$6,139 per active participant

Empower Retirement, LLC's 2024 employer contribution ran above the $5,259 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 · 20242
CHARLES SCHWAB & CO,. INC. · Securities brokerage$3,211

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

Administrative cost history3
2024$3,211 · 0.00%
2023$1,822 · 0.00%
2022$289 · 0.00%
Same employer
Similar plansFinance & Insurance · Colorado
Rock Holdings, Inc. MI$2.2B · 0.07%
Bnp Paribas NY$2.2B · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 841233483 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.