How much does a empower plan cost?

At this point, all of your administration fees and investment expenses (net of indirect fees) should be broken out and totaled, giving you the all-in fee of your Empower plan $19,287.95 in our example). To make it easier for you to benchmark your fees against other plans, we recommend expressing this number as a % of plan assets.

Does empower offer free wealth management services?

Its wealth management services have a very high $100,000 minimum, but investors can still use the platform's free management and budgeting tools. Empower is a comprehensive wealth management firm offering an easy-to-use interface, free financial tools, cash management accounts, and more.

Does empower charge a direct fee?

Note: Sometimes Empower also includes their wrap fees (labeled as "Variable Asset Charge") in this section, even though it's not a direct fee. When totaling Empower's direct fees, be sure to only include the Gross Payments for the Fee Types "Asset Based Charge" and "Plan Maintenance". Next, you’ll need to find the direct fees charged by your TPA.