Defined Benefit (Pension) · DOL Form 5500 · 2022

Covenant Healthcare System Pension Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
46
Participants Small participant base
77th
Percentile by assets National rank
$428,063
Avg per participant High balance/head
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Official DOL plan name: Saginaw Medical Center Pension Plan · Sponsored by Covenant Healthcare System · Michigan · Healthcare & Social Assistance

$20M in assets, 46 participants

Covenant Healthcare System's Saginaw Medical Center Pension Plan reported $20M in total assets and 46 participants in its 2022 DOL Form 5500 filing, ranking in the 77th 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.

  • #16,186 in Healthcare & Social Assistance (20,060 peers)

Where Saginaw Medical Center Pension Plan sits by assets

Saginaw Medical Center Pension Plan sits in the top quartile of all filed plans by assets, $20M for 46 participants (~$428,063/participant), down 21.2% in 2022.

#16,186
in Healthcare & Social Assistance (20,060 peers)
-21.2%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Saginaw Medical Center Pension Plan's outsized position by total assets

Saginaw Medical Center Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$19,690,888 Top 23% higher than 77% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Saginaw Medical Center Pension Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Saginaw Medical Center Pension Plan is a small filing (46 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 383369438 · Covenant Healthcare System PY 2022 · Defined Benefit (Pension)

Saginaw Medical Center Pension Plan · $20M · 46 · 77th

  • SCH $20M
  • SCH 46
  • SCH 77th
  • SCH Defined Benefit (Pension)
  • SCH near Leonardo Drs, Inc. Pension Value Plan
  • SCH ind #16186

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 →

Saginaw Medical Center Pension Plan in the asset neighbourhood

T. W. Garner Food Company Employees' Pension PlanT. W. Garner Food Company Em…$20MFamily Security Credit Union Cash Balance Non-Integrated Defined Benefit PlanFamily Security Credit Union…$20MLeonardo Drs, Inc. Pension Value PlanLeonardo Drs, Inc. Pension V…$20MSaginaw Medical Center Pension PlanSaginaw Medical Center Pensi…$20MLos Angeles Tourism and Convention Board Retirement Income PlanLos Angeles Tourism and Conv…$20M
End-of-year total assets ($M) among Saginaw Medical Center Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$20M
Net Income-$5M
Employer EIN383369438
Plan Effective Date1978-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Covenant Healthcare System)

Sponsor-wide plan assets over time

All Covenant Healthcare System plans reported in each filing year

Latest sponsor-wide plan assets
$18M 9.843055325894902% vs 2022
2024 filing year
$17M$18M$19M$20M 202220232024 $19.7M $17.8M ▼ -9.9%
Year Plans Participants Total Assets
2022 1 46 $20M
2023 1 43 $19M
2024 1 36 $18M

Nearby Defined Benefit (Pension) Plans in Michigan

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Saginaw Medical Center Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants Saginaw Medical Center Pension Plan, Total assets ($B): 0.019690888 · Participants: 46Saginaw Medical Center Pension PlanGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 40.23255743 · Participants: 18766General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 19.279653433 · Participants: 27567Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 13.42905347 · Participants: 11760Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 13.018181682 · Participants: 13759Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 8.553889919 · Participants: 14563Fca US LLC UAW Pension Agreement
Saginaw Medical Center Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Saginaw Medical Center Pension Plan side-by-side with 3 peers →

Saginaw Medical Center Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Leonardo Drs, Inc. Pension Value Plan in VA ($20M); by covered participants it is Mcdermott Will & Emery Cash Balance Plan for Capital Partners in IL (46 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (46 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Saginaw Medical Center Pension Plan assets move in 2022? ▼
Saginaw Medical Center Pension Plan declined sharply - down 21.2% during 2022, from $25M to $20M. Reported net income was -$5M.
How have Covenant Healthcare System plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Covenant Healthcare System's sponsor-wide assets declined 9.8%, from $20M to $18M.
Where does Saginaw Medical Center Pension Plan rank by assets among Form 5500 filers? ▼
Saginaw Medical Center Pension Plan ranks in the 77th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Saginaw Medical Center Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Leonardo Drs, Inc. Pension Value Plan in VA ($20M, 25 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Saginaw Medical Center Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Mcdermott Will & Emery Cash Balance Plan for Capital Partners in IL (46 participants, $52K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 383369438.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.