Defined Benefit (Pension) · DOL Form 5500 · 2023

Sparrow Health System Pension Plan

Data updated 2026-08-11

$406M
Total assets: 1,080
Participants: 97th
Percentile by assets: $375,981
Avg per participant

Official DOL plan name: Sparrow Health System Associate Pension Plan · Sponsored by Sparrow Health System · Michigan · Healthcare & Social Assistance

$406M in assets, 1,080 participants

Sparrow Health System's Sparrow Health System Associate Pension Plan reported $406M in total assets and 1,080 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

97th percentile by assets (of 127,072 plans)
#17,186 in Healthcare & Social Assistance (17,684 peers)

Where Sparrow Health System Associate Pension Plan sits by assets

Sparrow Health System Associate Pension Plan sits in the top 5% of all filed plans by assets, $406M for 1,080 participants (~$375,981/participant), up 9.2% in 2023.

$406M
total plan assets (2023 EOY): 1,080
covered participants: 97th
percentile by assets (of 127,072 plans): $375,981
avg assets per participant

Where Sparrow Health System Associate Pension Plan sits by total assets

Sparrow Health System Associate Pension Plan vs every filed plan by assets

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

$406,059,081 Top 3% higher than 97% of 127,068 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Sparrow Health System Associate Pension Plan reported net income rose from -$81M in the plan year 2022 filing to $34M in the plan year 2023 filing.
Sparrow Health System Associate Pension Plan reported participants fell from 1,205 in the plan year 2022 filing to 1,080 in the plan year 2023 filing.
Sparrow Health System Associate Pension Plan end-of-year assets rose from $372M in the plan year 2022 filing to $406M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Michigan

Industry

Healthcare & Social Assistance

Sparrow Health System Associate Pension Plan vs the 2023 asset distribution

By assets, Sparrow Health System Associate Pension Plan outranks 97% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 4.1x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$372M
Net Assets (End of Year)	$406M
Net Income	$34M
Employer EIN	382542859
Plan Effective Date	1976-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Sparrow Health System)

Total plan assets by year, all Sparrow Health System plans on file

Year	Plans	Participants	Total Assets
2022	4	9,490	$1.3B
2023	4	5,787	$1.4B
2024	4	6,294	$1.8B

Nearby Defined Benefit (Pension) Plans in Michigan

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

Sparrow Health System Associate Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants

General Motors Hourly-Rate Employees Pension Plan $44.8B · 17,959
Ford Motor Company UAW Retirement Plan $19.3B · 26,442
Ford Motor Company General Retirement Plan $12.7B · 10,215
Dow Employees' Pension Plan $11.5B · 14,051
Fca US LLC UAW Pension Agreement $11.2B · 13,635

Compare Sparrow Health System Associate Pension … side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Sparrow Health System Associate Pension Plan by total assets, not by location.

Employees' and Agents' Pension Benefits Plan Empower Holdings, Inc. (CO) $406M · 241
National Renewable Energy Laboratory Shared Security Pension Plan (CO) $406M · 2,822
Pnm Resources, Inc. Employees' Retirement Plan (NM) $407M · 146
Albemarle Corporation Pension Plan (NC) $405M · 185

Frequently Asked Questions

How did Sparrow Health System Associate Pension Plan assets move in 2023? ▼

Sparrow Health System Associate Pension Plan grew at a solid clip - up 9.2% during 2023, from $372M to $406M. Reported net income was $34M.

How have Sparrow Health System plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Sparrow Health System's sponsor-wide assets grew 41.8%, from $1.3B to $1.8B.

Where does Sparrow Health System Associate Pension Plan rank by assets among Form 5500 filers? ▼

Sparrow Health System Associate Pension Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Sparrow Health System Associate Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Employees' and Agents' Pension Benefits Plan Empower Holdings, Inc. in CO ($406M, 241 participants).

Next read for Sparrow Health System Associate Pension …

Scale reading

Ways to act on Sparrow Health System Associate Pension Plan's numbers.

By total assets, Sparrow Health System Associate Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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

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 382542859.