401(k) · DOL Form 5500 · 2023

Consumers Energy Company 401(k) Plan

Data updated 2026-08-25

$2.5B
Total assets Very large vs avg
8,026
Participants Very large workforce
99th
Percentile by assets National rank
$307,105
Avg per participant High balance/head
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Official DOL plan name: Consumers Energy Company Employees' Savings Plan · Sponsored by Consumers Energy Company · Michigan · Utilities

$2.5B in assets, 8,026 participants

Consumers Energy Company's Consumers Energy Company Employees' Savings Plan reported $2.5B in total assets and 8,026 participants in its 2023 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.

  • #680 in Utilities (721 peers)

Coverage in Michigan

Consumers Energy Company Employees' Savings Plan covers 8,026 participants in Michigan, 13x the typical Michigan plan (state average ~638 per filing). Assets: $2.5B.

#680
in Utilities (721 peers)
+17.5%
assets growth YoY
25×
vs typical plan assets (national mean)

Consumers Energy Company Employees' Savings Plan's outsized position by total assets

Consumers Energy Company Employees' Savings Plan vs every filed plan by assets

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

$2,464,822,775 Top 1% higher than 99% of 127,068 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 2023

Consumers Energy Company Employees' Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Consumers Energy Company Employees' Savings Plan lands in the large band (8,026 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Consumers Energy Company Employees' Savings Plan reported net income rose from -$382M in the plan year 2022 filing to $368M in the plan year 2023 filing.
  • Consumers Energy Company Employees' Savings Plan end-of-year assets rose from $2.1B in the plan year 2022 filing to $2.5B in the plan year 2023 filing.
  • Consumers Energy Company Employees' Savings Plan reported participants fell from 8,347 in the plan year 2022 filing to 8,026 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 380442310 · Consumers Energy Company PY 2023 · 401(k)

Consumers Energy Company Employees' Savings Plan · $2.5B · 8,026 · 99th

  • IND $2.5B
  • IND 8,026
  • IND 99th
  • IND 401(k)
  • IND near Advanced Micro Devices, Inc. Retirement Savings Plan
  • IND ind #680

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 Utilities retirement plans → · Plans in Michigan →

Consumers Energy Company Employees' Savings Plan in the asset neighbourhood

Highmark Investment Plan$2.5BSelect Medical Corporation 401(k) PlanSelect Medical Corporation 4…$2.5BAdvanced Micro Devices, Inc. Retirement Savings PlanAdvanced Micro Devices, Inc.…$2.5BConsumers Energy Company Employees' Savings PlanConsumers Energy Company Emp…$2.5BRaymond James Financial, Inc. 401(k) PlanRaymond James Financial, Inc…$2.4B
End-of-year total assets ($B) among Consumers Energy Company Employees' Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$2.1B
Net Assets (End of Year)$2.5B
Net Income$368M
Employer EIN380442310
Plan Effective Date1963-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Consumers Energy Company)

Sponsor-wide plan assets over time

All Consumers Energy Company plans reported in each filing year

Latest sponsor-wide plan assets
$6.2B 17.34141669371466% vs 2022
2024 filing year
$5B$5.5B$6B$6.5B 202220232024 $5.28B $6.19B ▲ +17.2%
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 Scatter plot of 6 data points. 020000400006000080000 0510152025 Total assets ($B) Participants Consumers Energy Company Employees' Savings Plan, Total assets ($B): 2.464822775 · Participants: 8026Consumers Energy Company Employees' Savings PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Consumers Energy Company Employees' Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Consumers Energy Company Employees' Savings Plan side-by-side with 3 peers →

Scale composition for Consumers Energy Company Employees' Savings Plan

Consumers Energy Company Employees' Savings Plan reports $2.5B in end-of-year assets across 8,026 participants (0.020% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $307,105 per participant (2.2x the national average assets-per-participant) . Net income for plan year 2023 was $368M.

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 Open filing
2023 8,026 $2.5B This page
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's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Advanced Micro Devices, Inc. Retirement Savings Plan in TX ($2.5B); by covered participants it is Nhca and Affiliates Retirement and Savings Plan in NY (8,025 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (8,026 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Consumers Energy Company Employees' Savings Plan assets move in 2023? ▼
Consumers Energy Company Employees' Savings Plan grew sharply - up 17.5% during 2023, from $2.1B to $2.5B. Reported net income was $368M.
How have Consumers Energy Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Consumers Energy Company's sponsor-wide assets grew 17.3%, from $5.3B to $6.2B.
Where does Consumers Energy Company Employees' Savings Plan rank by assets among Form 5500 filers? ▼
Consumers Energy Company Employees' Savings Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Consumers Energy Company Employees' Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Advanced Micro Devices, Inc. Retirement Savings Plan in TX ($2.5B, 8,898 participants).
Which 401(k) plans cover a similar participant headcount to Consumers Energy Company Employees' Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Nhca and Affiliates Retirement and Savings Plan in NY (8,025 participants, $196M in assets).

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 380442310.

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.