401(k) · DOL Form 5500 · 2022
Sparrow Health System 401(k) Plan
Data updated 2026-08-11
- $563M
- Total assets
- 7,134
- Participants
- 98th
- Percentile by assets
- $78,942
- Avg per participant
Official DOL plan name: Sparrow Health System Associate Retirement Savings Plan · Sponsored by Sparrow Health System · Michigan · Healthcare & Social Assistance
$563M in assets, 7,134 participants
Sparrow Health System's Sparrow Health System Associate Retirement Savings Plan reported $563M in total assets and 7,134 participants in its 2022 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 98th percentile by assets (of 139,126 plans)
- #19,720 in Healthcare & Social Assistance (20,060 peers)
Coverage in Michigan
Sparrow Health System Associate Retirement Savings Plan covers 7,134 participants in Michigan, 11x the typical Michigan plan (state average ~638 per filing). Assets: $563M.
- $563M
- total plan assets (2022 EOY)
- 7,134
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $78,942
- avg assets per participant
The plan reported a net loss of $92M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Sparrow Health System Associate Retirement Savings Plan reports 7,134 participants - 11x that state average ($563M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $655M |
|---|---|
| Net Assets (End of Year) | $563M |
| Net Income | -$92M |
| Employer EIN | 382542859 |
| Plan Effective Date | 2007-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sparrow Health System)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 9,490 | $1.3B |
| 2023 | 4 | 5,787 | $1.4B |
| 2024 | 4 | 6,294 | $1.8B |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Sparrow Health System Associate Retirement Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
- General Motors Retirement Savings Plan for Salaried Employees in the United States $18.1B · 43,382
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $13.8B · 32,974
- The Dow Chemical Company Employees' Savings Plan $9.3B · 16,930
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $7.5B · 40,458
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $6.4B · 57,811
Scale composition for Sparrow Health System Associate Retirement Savings Plan
Sparrow Health System Associate Retirement Savings Plan reports $563M in end-of-year assets across 7,134 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $78,942 per participant (57% of the national average assets-per-participant) . Net income for plan year 2022 was -$92M.
This plan identity (EIN 382542859, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $563M to $807M (+43.2%) while covered participants moved from 7,134 to 4,261 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,134 | $563M | This page |
| 2023 | 3,647 | $692M | Open filing |
| 2024 · index core | 4,261 | $807M | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Sparrow Health System Associate Retirement Savings Plan (401(k), $807M, 4,261 participants)
- Sparrow Health System Associate Pension Plan A2 (Defined Benefit (Pension), $511M, 740 participants)
- Sparrow Health System Associate Pension Plan (Defined Benefit (Pension), $431M, 970 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Sparrow Health System Associate Retirement Savings Plan by total assets, not by location.
- Directed Account Plan (KS) $563M · 1,053
- Trc 401(k) Retirement and Savings Plan (CT) $563M · 5,307
- Blackstone 401(k) Savings Plan (NY) $563M · 2,849
- Mccain Foods USA, Inc. Retirement Plan (IL) $563M · 4,184
Frequently Asked Questions
How did Sparrow Health System Associate Retirement Savings Plan assets move in 2022? ▼
How have Sparrow Health System plan assets changed over time? ▼
Where does Sparrow Health System Associate Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Sparrow Health System Associate Retirement Savings Plan? ▼
Next read for Sparrow Health System Associate Retireme…
Filing takeaways
Ways to act on Sparrow Health System Associate Retirement Savings Plan's numbers.
- By total assets, Sparrow Health System Associate Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
- Sparrow Health System's sponsor-wide assets have grown 41.8% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans