401(k) · DOL Form 5500 · 2023
Sparrow Health System 401(k) Plan
Data updated 2026-08-25
- $692M
- Total assets Above avg plan size
- 3,647
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $189,636
- Avg per participant Above avg balance/head
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.
- #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.
- #17,371
- in Healthcare & Social Assistance (17,684 peers)
- +22.8%
- assets growth YoY
- 6.9×
- vs typical plan assets (national mean)
Sparrow Health System Associate Retirement Savings Plan's outsized position by total assets
Sparrow Health System Associate Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$691,603,756 Top 2% higher than 98% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Sparrow Health System Associate Retirement 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. Sparrow Health System Associate Retirement Savings Plan lands in the large band (3,647 participants).
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.
DOL schedule card
Filing strip 382542859 · Sparrow Health System PY 2023 · 401(k)
Sparrow Health System Associate Retirement Savings Plan · $692M · 3,647 · 98th
- 5500 $692M
- ASSETS 3,647
- PCT 98th
- EIN 401(k)
- RANK near North Memorial Health Care 401(k) Plan
- PHOTO ind #17371
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 →
Sparrow Health System Associate Retirement Savings Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Sparrow Health System plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.8B 41.83688551922688% vs 2022
- 2024 filing year
| 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.
- 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
Sparrow Health System Associate Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is North Memorial Health Care 401(k) Plan in MN ($691M); by covered participants it is Genesee & Wyoming Inc. 401(k) Savings Plan in NY (3,647 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($692M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (3,647 participants); asset peers above are excluded.
- Genesee & Wyoming Inc. 401(k) Savings Plan (NY) 3,647 · 0 off
- Retirement Plan of Research Triangle Institute (NC) 3,646 · 1 off
- The Mathworks 401(k) Retirement Plan (MA) 3,648 · 1 off
- Umb Profit Sharing and 401(k) Savings Plan (MO) 3,646 · 1 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.