401(k) · DOL Form 5500 · 2023
Consumers Energy Company 401(k) Plan
Data updated 2026-08-11
- $2.5B
- Total assets
- 8,026
- Participants
- 99th
- Percentile by assets
- $307,105
- Avg per participant
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.
- 99th percentile by assets (of 127,072 plans)
- #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.
- $2.5B
- total plan assets (2023 EOY)
- 8,026
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $307,105
- avg assets per participant
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.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Consumers Energy Company Employees' Savings Plan reports 8,026 participants - 13x that state average ($2.5B EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $2.1B |
|---|---|
| Net Assets (End of Year) | $2.5B |
| Net Income | $368M |
| 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 $20.4B · 47,299
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
- The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195
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 (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.
- Advanced Micro Devices, Inc. Retirement Savings Plan (TX) $2.5B · 8,898
- Select Medical Corporation 401(k) Plan (PA) $2.5B · 42,145
- Raymond James Financial, Inc. 401(k) Plan (FL) $2.4B · 14,301
- Highmark Investment Plan (PA) $2.5B · 15,996
Frequently Asked Questions
How did Consumers Energy Company Employees' Savings Plan assets move in 2023? ▼
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