Providers › Insurance and brokerage
Service provider · Schedule C, plan year 2024
Empower Financial Services, Inc.
Most often reported for insurance and brokerage
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. Schedule C lists only providers a plan paid $5,000 or more, and is filed only by plans with 100 or more participants.
Empower Financial Services, Inc. is named as a service provider on the Schedule C of 278 retirement plans with 100 or more participants for plan year 2024, covering 954,025 participant records. Most often it is reported for insurance and brokerage.
Reported compensation from those plans, direct and indirect, totalled $421K. Per plan, the median was $0.13 per participant, with the middle half of plans between $0.03 and $0.30. These are amounts plans reported paying this organisation, not a price list: they depend on which services each plan buys and on how much is paid through fund expenses instead.
Its client plans are most numerous in Texas (28), California (27) and New York (16).
In 2016 it appeared on 26 such filings; in 2024, 278. Yearly counts include every filing that names it, so they can run slightly above the number of plans with pages here, and name or EIN changes after mergers can break the series.
Reported compensation per plan
| Across this provider's plans | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Compensation per participant | $0.03 | $0.13 | $0.30 |
| Compensation as a share of plan net assets | 0.00% | 0.00% | 0.00% |
What each plan reported paying this organisation, not the plan's total cost. For reference, the median US defined contribution plan reported $123 per participant to all Schedule C providers combined.
Plans served by year
Matched by employer identification number. A merger or a change of filing entity starts a new series, so a drop to zero is not a loss of clients by itself.
By state
By plan size
Services reported
Largest plans naming this provider
| Plan | Sponsor | State | Participants | Net assets | Reported to this provider |
|---|---|---|---|---|---|
| The Retirement Savings Plan | The New York-Presbyterian Hospital | NY | 72,256 | $4.83B | $2,355 |
| Spectrum Health System 403(b) Plan | Corewell Health | MI | 42,410 | $3.21B | $2,500 |
| Abbvie Savings Plan | Abbvie Inc. | IL | 39,371 | $13.4B | $14K |
| The Interpublic Group of Companies, Inc. Savings Plan | The Interpublic Group of Companies, Inc. | NY | 37,524 | $4.07B | $11K |
| Vail Resorts 401(k) Retirement Plan | The Vail Corporation DBA Vail Associates, Inc. a Colorado Corporation | CO | 37,206 | $541M | $270 |
| Envoy Air Inc. 401(k) Plan | Envoy Air Inc. | TX | 27,975 | $744M | $967 |
| CFG Retirement Savings Plan | Citizens Financial Group, Inc. | RI | 25,795 | $3.25B | $5,260 |
| Fifth Third Bancorp 401(k) Savings Plan | Fifth Third Bancorp | OH | 25,787 | $4.01B | $8,610 |
| Comfort Systems USA, Inc. 401(k) Plan | Comfort Systems USA, Inc. | TX | 22,732 | $1.12B | $80 |
| Relx Inc. US Salary Investment Plan | Relx Inc. | NY | 20,577 | $4.15B | $11K |
| Bloomberg L.P. 401(k) Plan | Bloomberg L.P. | NY | 20,110 | $5.73B | $5,500 |
| Lennar Corporation 401(k) Plan | Lennar Corporation | FL | 17,493 | $1.62B | $93 |
| Smithfield Foods, Inc. Hourly 401(k) Plan | Smithfield Foods Incorporated | VA | 16,909 | $419M | $325 |
| Kinder Morgan Savings Plan | Kinder Morgan, Inc. | TX | 16,725 | $2.92B | $32K |
| American Family 401(k) Plan | American Family Mutual Insurance Company, S.I. | WI | 16,692 | $2.19B | $1,014 |
| Kforce 401(k) Retirement Savings Plan | Kforce Inc. | FL | 16,302 | $283M | $25 |
| Smithfield Foods, Inc. Bargaining 401(k) Plan | Smithfield Foods Incorporated | VA | 15,653 | $340M | $460 |
| Akima, LLC 401(k) Plan | Akima, LLC | VA | 14,087 | $555M | $200 |
| Ericsson US 401(k) Plan | Ericsson Inc. | TX | 12,872 | $3.77B | $36K |
| Vulcan 401(k) Plan | Vulcan Materials Company | AL | 12,568 | $1.47B | $910 |
| Nebraska Medicine Retirement Plan - Base and Matching Contributions | Nebraska Medicine | NE | 12,307 | $919M | $505 |
| Midmichigan Health 403(b) Savings Plan | Mymichigan Health | MI | 12,226 | $818M | $1,285 |
| H Lee Moffitt Cancer Center and Research Inst 403(b) Retire Plan | H. Lee Moffitt Cancer Center | FL | 12,087 | $803M | $300 |
| Ukg Retirement Savings Plan | Ukg Inc. | FL | 11,829 | $1.98B | $12K |
| Acna 401(k) Plan | Atlas Copco North America LLC | NJ | 10,899 | $1.12B | $1,961 |
| LPL Financial LLC Profit Sharing 401(k) Plan | LPL Financial LLC | CA | 10,827 | $940M | $3,145 |
| Umms Voluntary 403(b) Plan | University of Maryland Medical System Corporation | MD | 10,604 | $793M | $125 |
| Thrivent 401(k) Plan | Thrivent Financial for Lutherans | MN | 9,207 | $1.72B | $4,382 |
| Atlanticare 403(b) Retirement Plan | Atlanticare Regional Medical CTR | NJ | 8,002 | $434M | $75 |
| VSP Retirement Plan | Vision Service Plan | CA | 7,699 | $1.45B | $899 |
| The Infirmary 401(k) Plan | Infirmary Health System, Inc. | AL | 7,517 | $372M | $150 |
| Olympus Corporation of the Americas 401(k) Savings Plan | Olympus Corporation of the Americas | PA | 6,857 | $1.09B | $750 |
| Orgill, Inc. 401(k) Plan | Orgill, Inc. | TN | 6,552 | $275M | $749 |
| Ati 401(k) Savings Plan | Allegheny Technologies Incorporated | TX | 6,440 | $995M | $1,222 |
| Smithfield Foods, Inc. Salaried 401(k) Plan | Smithfield Foods Incorporated | VA | 6,328 | $767M | $1,556 |
| Evonik Corporation 401(k) Savings Plan | Evonik Corporation | NJ | 6,323 | $1.49B | $4,990 |
| Endeavor 401(k) Plan | Endeavor Parent, LLC | NY | 6,133 | $638M | $190 |
| Sumitomo Mitsui Banking Corporation 401(k) Plan | Sumitomo Mitsui Banking Corporation | NY | 5,799 | $765M | $190 |
| The Infirmary 403(b) Plan | Infirmary Health System | AL | 5,775 | $15.5M | $0 |
| Tcwglobal 401(k) Plan | Wmbe Payrolling Inc. | CA | 5,672 | $25.9M | $10 |
Questions and answers
How many plans does Empower Financial Services, Inc. serve?
278 plans with 100 or more participants named it on Schedule C for plan year 2024. Plans that paid it under $5,000, small plans that file Form 5500-SF, and plans whose filings spell its name without an EIN under a different form are not counted.
What do plans pay Empower Financial Services, Inc.?
The median plan reported $0.13 per participant in direct and indirect compensation (209 plans reporting an amount), or 0.00% of plan net assets. Eligible indirect compensation disclosed to the plan by formula is not reported as a dollar amount, so many filings understate what a provider receives.
What services are reported?
The service codes most often attached to it are Securities brokerage (159 plans), Investment advisory (participants) (16 plans), Participant communication (11 plans) and Recordkeeping and information management (1 plans).
Where does this come from?
Schedule C of Form 5500, Part I line 2, from the EBSA research files with filings received through 24 Aug 2026. Individuals named on Schedule C are excluded from this site.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, Schedule C Part I line 2, public domain, with filings received through 24 Aug 2026. Rows are grouped by the provider's EIN as entered by each plan; rows without an EIN join the EIN most often filed under the same name. Providers named on fewer than 25 plans have no page. See the methodology and corrections.