Plan Snapshot
- Plan Sponsor: Empower Hr, LLC
- Sponsor EIN: 391962784
- Sponsor Address: 1475 S. PRICE ROAD, CHANDLER, AZ, 85286
- Plan Type: 401(k)
- Total Participants: 7,792
- Total Assets: $114.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 7,792 | $114.8M | $3.2M | $11.0M |
| 2023 | 10,705 | $157.4M | $5.1M | $16.9M |
| 2022 | 12,254 | $136.8M | $5.8M | $17.5M |
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 |
|---|---|---|---|---|
| METZ AND ASSOCAITES, PLLC | Auditor | $17,750 | — | $17,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- METZ AND ASSOCAITES, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,750
- Estimated Expense Ratio: 0.015% of plan assets
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 | $1,010,223 | $130,625 | $348,138 | $17,750 | — |
| 2023 | $1,174,264 | $198,060 | $291,607 | — | — |
| 2022 | $1,097,518 | $784,153 | $202,727 | — | — |