401(k) · DOL Form 5500 · 2022
Sparrow Health System 401(k) Plan
Data updated 2026-08-25
- $563M
- Total assets Above avg plan size
- 7,134
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $78,942
- Avg per participant Below avg balance/head
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.
- #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.
- #19,720
- in Healthcare & Social Assistance (20,060 peers)
- -14.0%
- assets change YoY
- 5.7×
- vs typical plan assets (national mean)
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.
Sparrow Health System Associate Retirement Savings Plan's outsized position by total assets
Sparrow Health System Associate Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$563,175,159 Top 2% higher than 98% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Sparrow Health System Associate Retirement Savings Plan's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sparrow Health System Associate Retirement Savings Plan lands in the large band (7,134 participants).
DOL schedule card
Filing strip 382542859 · Sparrow Health System PY 2022 · 401(k)
Sparrow Health System Associate Retirement Savings Plan · $563M · 7,134 · 98th
- RANK $563M
- RANK 7,134
- RANK 98th
- RANK 401(k)
- RANK near Directed Account Plan
- RANK ind #19720
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Healthcare & Social Assistance retirement plans → · Plans in Michigan →
Sparrow Health System Associate Retirement Savings Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Sparrow Health System plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.8B 41.83688551922688% vs 2022
- 2024 filing year
| 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.
- 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)
Sparrow Health System Associate Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is Directed Account Plan in KS ($563M); by covered participants it is Spirit Airlines, Inc. Employee Retirement Savings Plan in FL (7,133 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($563M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (7,134 participants); asset peers above are excluded.
- Spirit Airlines, Inc. Employee Retirement Savings Plan (FL) 7,133 · 1 off
- Installed Building Products, LLC 401(k) Savings Plan and Trust (OH) 7,133 · 1 off
- Canon Employee Savings and Retirement Plan (NY) 7,129 · 5 off
- The Molex Retirement and Savings Plan (IL) 7,142 · 8 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.