How much does Empowered Ventures, Inc. contribute to its ESOP?

In 2023, employer contributions to the Empowered Ventures, Inc. plan averaged $5,338 per active participant, above the $3,659 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Empowered Ventures, Inc. 401(k)?

The average participant account balance was $565,909 for plan year 2023, based on 158 accounts.

Empowered Ventures, Inc.ESOP

Name: Empowered Ventures, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

EMPOWERED VENTURES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CARMEL, IN · plan year 2023

Employer contribution per participant · 2023

$5,338

Empowered Ventures, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $89,413,687 across 158 participant accounts, with employer contributions averaging $5,338 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other wholesale trade employers. By assets it is the 168th-largest of 1,562 plans among Indiana employers on file, and the 470th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$89,413,687
Participants with balances158
Active participants138
Employer contributions$736,604
Employee contributions—
Employer contribution per active participant$5,338
Average account balance$565,909
Benefits paid to participants$2,555,423
Plan auditUnmodified (clean) audit opinion
AuditorKATZ, SAPPER & MILLER, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$87.8M · 268 accts · $973K emplr

2023$89.4M · 158 accts · $737K emplr

2022$75.6M · 143 accts · $567K emplr

Employer contributions to the Empowered Ventures, Inc. plan · 2023

Employer contribution per active participant$5,338

Median for plans this size$3,659

2024$3,956 per active participant

2023$5,338 per active participant

2022$4,228 per active participant

Empowered Ventures, Inc.'s 2023 employer contribution ran above the $3,659 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.

Recordkeeper by year2

2024ADP, Wells Fargo

2023ADP, Wells Fargo

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

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

EMPOWERED VENTURES, INC. PROFIT SHARING AND 401(K) PLAN401(k)

EMPOWERED VENTURES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

Empowered Ventures, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 851267873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.