Defined Benefit (Pension) · DOL Form 5500 · 2023

Corewell Health Pension Plan

Data updated 2026-08-25

$239M
Total assets Near avg plan size
2,362
Participants Above avg headcount
95th
Percentile by assets National rank
$101,203
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Spectrum Health Pension Plan · Sponsored by Corewell Health · Michigan · Healthcare & Social Assistance

$239M in assets, 2,362 participants

Corewell Health's Spectrum Health Pension Plan reported $239M in total assets and 2,362 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #16,953 in Healthcare & Social Assistance (17,684 peers)

Coverage in Michigan

Spectrum Health Pension Plan covers 2,362 participants in Michigan, 3.7x the typical Michigan plan (state average ~638 per filing). Assets: $239M.

#16,953
in Healthcare & Social Assistance (17,684 peers)
+0.4%
assets growth YoY
2.4×
vs typical plan assets (national mean)

Spectrum Health Pension Plan's outsized position by total assets

Spectrum Health Pension Plan vs every filed plan by assets

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

$239,040,477 Top 5% higher than 95% 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

Spectrum Health Pension 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. Spectrum Health Pension Plan lands in the large band (2,362 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Spectrum Health Pension Plan reported net income rose from -$115M in the plan year 2022 filing to $216K in the plan year 2023 filing.
  • Spectrum Health Pension Plan reported participants fell from 2,578 in the plan year 2022 filing to 2,362 in the plan year 2023 filing.
  • Spectrum Health Pension Plan end-of-year assets rose from $238M in the plan year 2022 filing to $239M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 383382353 · Corewell Health PY 2023 · Defined Benefit (Pension)

Spectrum Health Pension Plan · $239M · 2,362 · 95th

  • VS-ST $239M
  • BOY 2,362
  • SCH 95th
  • EBSA Defined Benefit (Pension)
  • PART near Ropes & Gray LLP Pension Plan
  • TYPE ind #16953

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 →

Spectrum Health Pension Plan in the asset neighbourhood

Constellium Rolled Products Master Retirement TrustConstellium Rolled Products …$240MAsbestos Workers Philadelphia Pension FundAsbestos Workers Philadelphi…$239MSpectrum Health Pension Plan$239MRopes & Gray LLP Pension Plan$239MPedernales Electric Cooperative, Inc. Employees Defined Benefit Retirement PlanPedernales Electric Cooperat…$239M
End-of-year total assets ($M) among Spectrum Health Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$238M
Net Assets (End of Year)$231M
Net Income$216K
Employer EIN383382353
Plan Effective Date1961-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Corewell Health)

Sponsor-wide plan assets over time

All Corewell Health plans reported in each filing year

Latest sponsor-wide plan assets
$3.4B 33.308576535779025% vs 2022
2024 filing year
$2B$2.5B$3B$3.5B$4B 202220232024 $2.58B $3.44B ▲ +33.3%
Year Plans Participants Total Assets
2022 2 29,209 $2.6B
2023 2 33,805 $3.1B
2024 2 35,007 $3.4B

Nearby Defined Benefit (Pension) Plans in Michigan

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

Spectrum Health Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. 0100002000030000 -1001020304050 Total assets ($B) Participants Spectrum Health Pension Plan, Total assets ($B): 0.239040477 · Participants: 2362Spectrum Health Pension PlanGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 44.838918802 · Participants: 17959General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 19.269442236 · Participants: 26442Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 12.705910161 · Participants: 10215Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 11.529460215 · Participants: 14051Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 11.155705594 · Participants: 13635Fca US LLC UAW Pension Agreement
Spectrum Health Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Spectrum Health Pension Plan side-by-side with 3 peers →

Spectrum Health Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Ropes & Gray LLP Pension Plan in MA ($239M); by covered participants it is I.B.E.W. Local Union No 357 Pension Trust Fund, Plan a in NV (2,367 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,362 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 Spectrum Health Pension Plan assets move in 2023? ▼
Spectrum Health Pension Plan held essentially flat - up 0.4% during 2023, from $238M to $239M. Reported net income was $216K.
How have Corewell Health plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Corewell Health's sponsor-wide assets grew 33.3%, from $2.6B to $3.4B.
Where does Spectrum Health Pension Plan rank by assets among Form 5500 filers? ▼
Spectrum Health Pension Plan ranks in the 95th 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 Spectrum Health Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Ropes & Gray LLP Pension Plan in MA ($239M, 1,204 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Spectrum Health Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is I.B.E.W. Local Union No 357 Pension Trust Fund, Plan a in NV (2,367 participants, $534M 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 383382353.

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.