# Empowered Ventures, INC. 401(k) Plan
Source: https://planprovider.pro/companies/empowered-ventures-inc-851267873-001

> Empowered Ventures, INC.&#39;s 401(k) plan: 212 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Empowered Ventures, INC.

- **Sponsor EIN:** 851267873

- **Sponsor Address:** 401 WEST CARMEL DRIVE, CARMEL, IN, 46032

- **Plan Type:** 401(k)

- **Plan Number:** 001

- **Total Participants:** 212

- **Total Assets:** $8.0M

## 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|212|$8.0M|$0|$784,106|

| 2023|129|$6.9M|$0|$646,372|

| 2022|143|$7.1M|$0|$628,911|

## 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|

| ADP, INC.|Recordkeeper|$33,521|—|$33,521|

| WELLS FARGO|Other Service Provider|$10,495|—|$10,495|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — Recordkeeper

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $44,016

- **Estimated Expense Ratio:** 0.551% 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|$44,017|$10,496|—|—|—|

| 2023|$39,628|$7,934|—|—|—|

| 2022|$35,503|—|—|—|—|

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