Plan Snapshot
- Plan Sponsor: Empower Ai
- Sponsor EIN: 541522509
- Sponsor Address: 11730 PLAZA AMERICA DRIVE, RESTON, VA, 20190
- Plan Type: 401(k)
- Total Participants: 802
- Total Assets: $169.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 802 | $169.7M | $2.1M | $7.4M |
| 2023 | 855 | $159.2M | $2.3M | $7.9M |
| 2022 | 904 | $141.3M | $2.5M | $8.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $327,828 | $204,698 | — | — | — |
| 2023 | $263,564 | $151,067 | — | — | — |
| 2022 | $408,031 | $194,629 | — | — | — |