Empowerme Holdings, LLC 401(k) Review & Grade
Empowerme Wellness Retirement Savings Plan
ST. Louis, MOHealth Care & Social Assistance2,134 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,215Employer $ per active participant
$2,801Employee $ saved per active participant
0.60%Direct admin cost, % of plan assets
$52.6MNet plan assets, end of year
$34,273Average balance per account
Score breakdown
- Employer generosity27.9 / 5056th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 17th |
| Employee saving | 54th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($432,009 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Empowerme Holdings put in about $1,215 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.60% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,593,851 |
| Participant (employee) contributions | $5,978,777 |
| Other contributions (incl. rollovers in) | $1,712,303 |
| Administrative expenses paid from the plan | $285,514 |
| Contract administrator fees | $285,514 |
| Benefits paid out | $5,289,000 |
| Net assets, start / end of year | $42.3M / $52.6M |
| Active participants, start / end of year | 2,201 / 2,068 |
| Participants with account balances | 1,534 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kimberlin Companym, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $119,375 reported compensation |
| Kimberlin Company Plllc | $108,375 reported compensation |
| Krilogy Financial LLC | $90,240 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260706114500NAL0017978161001, received 2026-07-06, EIN 85-3862973, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.