401(k) · DOL Form 5500 · 2023
Sparrow Health System 401(k) Plan
Data updated 2026-08-11
- $692M
- Total assets
- 3,647
- Participants
- 98th
- Percentile by assets
- $189,636
- Avg per participant
Official DOL plan name: Sparrow Health System Associate Retirement Savings Plan · Sponsored by Sparrow Health System · Michigan · Healthcare & Social Assistance
$692M in assets, 3,647 participants
Sparrow Health System's Sparrow Health System Associate Retirement Savings Plan reported $692M in total assets and 3,647 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 127,072 plans)
- #17,371 in Healthcare & Social Assistance (17,684 peers)
Coverage in Michigan
Sparrow Health System Associate Retirement Savings Plan covers 3,647 participants in Michigan, 5.7x the typical Michigan plan (state average ~638 per filing). Assets: $692M.
- $692M
- total plan assets (2023 EOY)
- 3,647
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $189,636
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sparrow Health System Associate Retirement Savings Plan reported net income rose from -$92M in the plan year 2022 filing to $128M in the plan year 2023 filing.
- Sparrow Health System Associate Retirement Savings Plan reported participants fell from 7,134 in the plan year 2022 filing to 3,647 in the plan year 2023 filing.
- Sparrow Health System Associate Retirement Savings Plan end-of-year assets rose from $563M in the plan year 2022 filing to $692M in the plan year 2023 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Sparrow Health System Associate Retirement Savings Plan reports 3,647 participants - 5.7x that state average ($692M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $563M |
|---|---|
| Net Assets (End of Year) | $692M |
| Net Income | $128M |
| Employer EIN | 382542859 |
| Plan Effective Date | 2007-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sparrow Health System)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 9,490 | $1.3B |
| 2023 | 4 | 5,787 | $1.4B |
| 2024 | 4 | 6,294 | $1.8B |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Sparrow Health System Associate Retirement 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
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Sparrow Health System Associate Retirement Savings Plan by total assets, not by location.
- North Memorial Health Care 401(k) Plan (MN) $691M · 6,291
- Avis Budget Group, Inc. Employee Savings Plan (NJ) $692M · 12,975
- Dsm North America Defined Contribution Plan (NJ) $691M · 2,767
- Amwins Group, Inc. 401(k) Plan (NC) $693M · 5,781
Frequently Asked Questions
How did Sparrow Health System Associate Retirement Savings Plan assets move in 2023? ▼
How have Sparrow Health System plan assets changed over time? ▼
Where does Sparrow Health System Associate Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Sparrow Health System Associate Retirement Savings Plan? ▼
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Filing takeaways
Ways to act on Sparrow Health System Associate Retirement Savings Plan's numbers.
- By total assets, Sparrow Health System Associate Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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