Empowered Ventures, Inc. Profit Sharing And 401(K) Plan — Form 5500 plan (Empowered Ventures, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Empowered Ventures, Inc. Profit Sharing And 401(K) Plan is a benefit plan reported by Empowered Ventures, Inc. under EIN 85-1267873 and plan number 001. The latest loaded filing year is 2023. The filing reports 159 participants and $6,875,458 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$6.9MPlan net assets, end of year$6,860,409
Participants159Covered participants reported
Assets / participant$43.2KComputed: assets ÷ participants$43,242 (computed)
Provider compensation$39.6K2 Schedule C provider row(s)$39,627
- Plan sponsor
- Empowered Ventures, Inc.
- EIN
- 85-1267873
- Plan number
- 001
- Plan type
- 2
- Location
- Carmel, IN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 159 | H, C | 20250114141140NAL0020121777001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$6.9M total assets
Net assets$6.9MLiabilities$15K
Full reported line items
Net assets
- Total assets (EOY)
- $6,875,458
- Total liabilities (EOY)
- $15,049
- Net assets (EOY)
- $6,860,409
- Net assets (BOY)
- $7,093,769
Income & contributions
- Participant contributions
- $646,372
- Total contributions
- $646,372
- Total income / additions
- $1,689,548
Expenses & distributions
- Benefits paid
- $1,883,280
- Administrative expenses
- $39,628
- Total expenses
- $1,922,908
- Net increase / (decrease)
- -$233,360
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
Total expenses ÷ net assets28%Computed ratio
Benefits paid ÷ total income111%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $29,343 | $0 | 2023 |
| Wells Fargo | N/A | $10,284 | $0 | 2023 |