Other · DOL Form 5500 · 2023

Gift of Life Michigan Retirement Plan

Data updated 2026-08-11

$47M
Total assets
346
Participants
85th
Percentile by assets
$137,033
Avg per participant
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Official DOL plan name: 403(b) Thrift Plan of Gift of Life Michigan · Sponsored by Gift of Life Michigan · Michigan · Healthcare & Social Assistance

$47M in assets, 346 participants

Gift of Life Michigan's 403(b) Thrift Plan of Gift of Life Michigan reported $47M in total assets and 346 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • 85th percentile by assets (of 127,072 plans)
  • #15,435 in Healthcare & Social Assistance (17,684 peers)

Where 403(b) Thrift Plan of Gift of Life Michigan sits by assets

403(b) Thrift Plan of Gift of Life Michigan sits in the top quartile of all filed plans by assets, $47M for 346 participants (~$137,033/participant), up 20.4% in 2023.

$47M
total plan assets (2023 EOY)
346
covered participants
85th
percentile by assets (of 127,072 plans)
$137,033
avg assets per participant

Where 403(b) Thrift Plan of Gift of Life Michigan sits by total assets

403(b) Thrift Plan of Gift of Life Michigan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$47,413,381 Top 15% higher than 85% of 127,068 filed plans

This plan $0 $2,010,000,000 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 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 403(b) Thrift Plan of Gift of Life Michigan reported net income rose from -$7M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • 403(b) Thrift Plan of Gift of Life Michigan reported participants rose from 238 in the plan year 2022 filing to 346 in the plan year 2023 filing.
  • 403(b) Thrift Plan of Gift of Life Michigan end-of-year assets rose from $39M in the plan year 2022 filing to $47M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Michigan
Industry
Healthcare & Social Assistance

403(b) Thrift Plan of Gift of Life Michigan vs the 2023 asset distribution

By assets, 403(b) Thrift Plan of Gift of Life Michigan outranks 85% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$47M
Net Income$8M
Employer EIN382772488
Plan Effective Date2019-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gift of Life Michigan)

$35M$40M$45M$50M$55M$60M 202220232024 $39.4M $53.9M ▲ +36.8%
Total plan assets by year, all Gift of Life Michigan plans on file
Year Plans Participants Total Assets
2022 1 238 $39M
2023 1 346 $47M
2024 1 375 $54M

Nearby Other Plans in Michigan

Peer Other plans, same state, same plan type, ranked by total assets.

403(b) Thrift Plan of Gift of Life Michigan vs. nearby Other plans in Michigan, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -20246 Total assets ($B) Participants 403(b) Thrift Plan o…, Total assets ($B): 0.047413381 · Participants: 346403(b) Thrift Plan o…Fca US LLC Salaried …, Total assets ($B): 4.820440935 · Participants: 16630Fca US LLC Salaried …Fca US LLC UAW Savin…, Total assets ($B): 4.690971139 · Participants: 49473Fca US LLC UAW Savin…Beaumont Health 403(…, Total assets ($B): 2.628827189 · Participants: 33717Beaumont Health 403(…Henry Ford Health Sy…, Total assets ($B): 1.284257295 · Participants: 15298Henry Ford Health Sy…Bronson Healthcare G…, Total assets ($B): 1.034484808 · Participants: 8357Bronson Healthcare G…
403(b) Thrift Plan of Gift of Life Michigan vs. nearby Other plans in Michigan, assets vs. participants
Compare 403(b) Thrift Plan of Gift of Life Michi… side-by-side with 3 peers →

Similar-Sized Other Plans Nationally

Other plans in other states closest to 403(b) Thrift Plan of Gift of Life Michigan by total assets, not by location.

Frequently Asked Questions

How did 403(b) Thrift Plan of Gift of Life Michigan assets move in 2023? ▼
403(b) Thrift Plan of Gift of Life Michigan grew sharply - up 20.4% during 2023, from $39M to $47M. Reported net income was $8M.
How have Gift of Life Michigan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gift of Life Michigan's sponsor-wide assets grew 36.8%, from $39M to $54M.
Where does 403(b) Thrift Plan of Gift of Life Michigan rank by assets among Form 5500 filers? ▼
403(b) Thrift Plan of Gift of Life Michigan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Other plans are similar in size to 403(b) Thrift Plan of Gift of Life Michigan? ▼
Among Other plans in other states, the closest by assets is Anti-Defamation League 403(b) Defined Contribution Plan in NY ($47M, 430 participants).

Next read for 403(b) Thrift Plan of Gift of Life Michi…

Scale reading

Ways to act on 403(b) Thrift Plan of Gift of Life Michigan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 382772488.

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.