401(k) · DOL Form 5500 · 2022
Consumers Energy Company 401(k) Plan
Data updated 2026-08-11
- $2.1B
- Total assets
- 8,347
- Participants
- 99th
- Percentile by assets
- $251,241
- Avg per participant
Official DOL plan name: Consumers Energy Company Employees' Savings Plan · Sponsored by Consumers Energy Company · Michigan · Utilities
$2.1B in assets, 8,347 participants
Consumers Energy Company's Consumers Energy Company Employees' Savings Plan reported $2.1B in total assets and 8,347 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,126 plans)
- #695 in Utilities (738 peers)
Coverage in Michigan
Consumers Energy Company Employees' Savings Plan covers 8,347 participants in Michigan, 13x the typical Michigan plan (state average ~638 per filing). Assets: $2.1B.
- $2.1B
- total plan assets (2022 EOY)
- 8,347
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $251,241
- avg assets per participant
The plan reported a net loss of $382M 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. Consumers Energy Company Employees' Savings Plan reports 8,347 participants - 13x that state average ($2.1B EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $2.5B |
|---|---|
| Net Assets (End of Year) | $2.1B |
| Net Income | -$382M |
| Employer EIN | 380442310 |
| Plan Effective Date | 1963-11-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Consumers Energy Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 11,086 | $5.3B |
| 2023 | 3 | 10,438 | $5.9B |
| 2024 | 3 | 10,388 | $6.2B |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Consumers Energy Company Employees' 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 Consumers Energy Company Employees' Savings Plan
Consumers Energy Company Employees' Savings Plan reports $2.1B in end-of-year assets across 8,347 participants (0.017% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $251,241 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2022 was -$382M.
This plan identity (EIN 380442310, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.1B to $2.9B (+36.1%) while covered participants moved from 8,347 to 8,216 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 8,347 | $2.1B | This page |
| 2023 | 8,026 | $2.5B | Open filing |
| 2024 · index core | 8,216 | $2.9B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Consumers Energy Company Employees' Savings Plan (401(k), $2.9B, 8,216 participants)
- Pension Plan a for Employees of Consumer Energy Company (Defined Benefit (Pension), $1.9B, 1,863 participants)
- Pension Plan B for Employees of Consumers Energy Company (Defined Benefit (Pension), $1.4B, 309 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Consumers Energy Company Employees' Savings Plan by total assets, not by location.
- The Magna Group of Companies Retirement Savings Plans () $2.1B · 22,890
- The Pearson Retirement Plan (NJ) $2.1B · 12,396
- Energy Transfer LP 401(k) Plan (TX) $2.1B · 10,814
- Genuine Parts Company 401(k) Savings Plan (GA) $2.1B · 25,655
Frequently Asked Questions
How did Consumers Energy Company Employees' Savings Plan assets move in 2022? ▼
How have Consumers Energy Company plan assets changed over time? ▼
Where does Consumers Energy Company Employees' Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Consumers Energy Company Employees' Savings Plan? ▼
Next read for Consumers Energy Company Employees' Savi…
Filing takeaways
Ways to act on Consumers Energy Company Employees' Savings Plan's numbers.
- By total assets, Consumers Energy Company Employees' Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
- Consumers Energy Company's sponsor-wide assets have grown 17.3% since 2022 across 3 plan years on file. More Utilities plans