Defined Benefit (Pension) · DOL Form 5500 · 2023

Oakwood Healthcare, Inc. Pension Plan

Data updated 2026-08-11

$269M
Total assets
2,052
Participants
96th
Percentile by assets
$131,022
Avg per participant
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Official DOL plan name: Oakwood Healthcare, Inc. Cash Balance Plan · Sponsored by Oakwood Healthcare, Inc. · Michigan · Healthcare & Social Assistance

$269M in assets, 2,052 participants

Oakwood Healthcare, Inc.'s Oakwood Healthcare, Inc. Cash Balance Plan reported $269M in total assets and 2,052 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • 96th percentile by assets (of 127,072 plans)
  • #17,012 in Healthcare & Social Assistance (17,684 peers)

Coverage in Michigan

Oakwood Healthcare, Inc. Cash Balance Plan covers 2,052 participants in Michigan, 3.2x the typical Michigan plan (state average ~638 per filing). Assets: $269M.

$269M
total plan assets (2023 EOY)
2,052
covered participants
96th
percentile by assets (of 127,072 plans)
$131,022
avg assets per participant

Where Oakwood Healthcare, Inc. Cash Balance Plan sits by total assets

Oakwood Healthcare, Inc. Cash Balance Plan vs every filed plan by assets

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

$268,857,454 Top 4% higher than 96% 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

  • Oakwood Healthcare, Inc. Cash Balance Plan reported net income rose from -$84M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Oakwood Healthcare, Inc. Cash Balance Plan reported participants fell from 2,265 in the plan year 2022 filing to 2,052 in the plan year 2023 filing.
  • Oakwood Healthcare, Inc. Cash Balance Plan end-of-year assets rose from $255M in the plan year 2022 filing to $269M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Michigan
Industry
Healthcare & Social Assistance

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. Oakwood Healthcare, Inc. Cash Balance Plan reports 2,052 participants - 3.2x that state average ($269M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)$255M
Net Assets (End of Year)$269M
Net Income$14M
Employer EIN381405141
Plan Effective Date1989-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Oakwood Healthcare, Inc.)

$290M$300M$310M$320M$330M 202220232024 $296M $324M ▲ +9.4%
Total plan assets by year, all Oakwood Healthcare, Inc. plans on file
Year Plans Participants Total Assets
2022 2 3,206 $296M
2023 2 2,883 $311M
2024 2 2,615 $324M

Nearby Defined Benefit (Pension) Plans in Michigan

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

Oakwood Healthcare, Inc. Cash Balance Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. 0100002000030000 -1001020304050 Total assets ($B) Participants Oakwood Healthcare, …, Total assets ($B): 0.268857454 · Participants: 2052Oakwood Healthcare, …General Motors Hourl…, Total assets ($B): 44.838918802 · Participants: 17959General Motors Hourl…Ford Motor Company U…, Total assets ($B): 19.269442236 · Participants: 26442Ford Motor Company U…Ford Motor Company G…, Total assets ($B): 12.705910161 · Participants: 10215Ford Motor Company G…Dow Employees' Pensi…, Total assets ($B): 11.529460215 · Participants: 14051Dow Employees' Pensi…Fca US LLC UAW Pensi…, Total assets ($B): 11.155705594 · Participants: 13635Fca US LLC UAW Pensi…
Oakwood Healthcare, Inc. Cash Balance Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Oakwood Healthcare, Inc. Cash Balance Pl… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Oakwood Healthcare, Inc. Cash Balance Plan by total assets, not by location.

Frequently Asked Questions

How did Oakwood Healthcare, Inc. Cash Balance Plan assets move in 2023? ▼
Oakwood Healthcare, Inc. Cash Balance Plan grew at a solid clip - up 5.4% during 2023, from $255M to $269M. Reported net income was $14M.
How have Oakwood Healthcare, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Oakwood Healthcare, Inc.'s sponsor-wide assets grew 9.4%, from $296M to $324M.
Where does Oakwood Healthcare, Inc. Cash Balance Plan rank by assets among Form 5500 filers? ▼
Oakwood Healthcare, Inc. Cash Balance Plan ranks in the 96th 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 Oakwood Healthcare, Inc. Cash Balance Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Alaska Airlines, Inc., Retirement Plan for Mechanics & Related Crafts Employees in WA ($269M, 557 participants).

Next read for Oakwood Healthcare, Inc. Cash Balance Pl…

Filing takeaways

Ways to act on Oakwood Healthcare, Inc. Cash Balance Plan'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 381405141.

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.