Indiana › Management of companies (holding companies) › 250 to 499 participants
Form 5500 statement · plan year 1 Apr 2024 to 31 Mar 2025
Empowered Ventures, Inc. Employee Stock Ownership Plan
Sponsored by Empowered Ventures, Inc., Carmel, IN
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Empowered Ventures, Inc. Employee Stock Ownership Plan is an employee stock ownership plan sponsored by Empowered Ventures, Inc. of Carmel, Indiana. For the plan year ending 31 Mar 2025 it reported 269 participants, 246 of them active, and net assets of $87.8M.
Net assets came to $326,301 per participant, well above the $48,746 median for defined contribution plans with 250 to 499 participants and well above the $70,381 median for defined contribution plans in management of companies (holding companies). The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $973K during the year, or $3,956 per active participant against a same-size median of $2,017; participants contributed —. Benefits paid out totalled $3.0M.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $0.
Across the filings on record, net assets went from $75.6M in 2022 to $87.8M in 2024 (up 16%), and participants from 143 to 269 (up 88%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $326,301 | $48,746 | $70,381 | $53,102 |
| Employer contributions per active participant | $3,956 | $2,017 | $2,643 | $2,175 |
| Schedule C compensation per participant | — | $141 | $98.63 | $123 |
| Schedule C compensation, share of net assets | — | 0.30% | 0.18% | 0.26% |
| Administrative expenses per participant | — | $133 | $97.39 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), management of companies (holding companies) (680) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 269 | $87.8M | $326,301 | $973K | — | $0 |
| 2023 | 158 | $89.4M | $565,911 | $737K | — | $0 |
| 2022 | 143 | $75.6M | $528,846 | $567K | — | $0 |
| 2021 | 132 | — | — | — | — | — |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$89,413,687
- Employer contributions$973,123
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$973,123
- Total income, including investment results$1,736,020
- Benefits paid$2,954,108
- Administrative expenses$0
- Total expenses$3,374,831
- Net income−$1,638,811
- Net transfers$0
- Net assets, end of year$87,774,876
Participants
- Active participants246
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits23
- Participants with account balances268
- Total participants, end of year269
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Employer securities$99.2M · 99.9%
- Cash (interest and non-interest bearing)$108K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmKatz, Sapper & Miller, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2IStock bonus2QThe employer maintaining this ESOP is an S corporation2PLeveraged ESOP
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 551112: Offices of Other Holding Companies.
Other plans of Empowered Ventures, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Empowered Ventures, Inc. Profit Sharing and 401(k) Plan | 232 | $8.0M |
Similar plans in Indiana
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Gebhart Holdings, Inc. 401(k) Plan | Gebhart Holdings, Inc. | 295 | $3.2M | $10,900 |
| Hughes Group, Inc. 401(k) Plan | Hughes Group, Inc. | 266 | $14.7M | $55,447 |
| Oak Ridge 401(k) Plan | Automatic Pool Covers, Inc. | 301 | $12.8M | $42,372 |
| New Sunshine, LLC 401(k) Plan | New Sunshine, LLC. | 234 | $9.7M | $41,289 |
| American Pain Consortium Management, LLC Retirement Plan | American Pain Consortium Management, LLC | 309 | $8.3M | $26,737 |
| Vernet US Corporation 401(k) Retirement Savings Plan | Vernet US Corporation | 233 | $6.4M | $27,413 |
Defined contribution plans in management of companies (holding companies) closest in size.
Questions and answers
How big is Empowered Ventures, Inc. Employee Stock Ownership Plan?
269 participants at the end of the plan year ending 31 Mar 2025, of whom 246 were active employees, with net assets of $87,774,876. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Empowered Ventures, Inc. contribute per participant?
The filing reports $973,123 in employer contributions for the year, which is $3,956 per active participant; the median for plans of the same type and size was $2,017 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $0. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Empowered Ventures, Inc.. The financial statements were audited by Katz, Sapper & Miller, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Apr 2024 to 31 Mar 2025, received by the Department of Labor on 14 Jan 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 85-1267873, plan 002, received 14 Jan 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.