401(k) · DOL Form 5500 · 2024
Consumers Energy Company 401(k) Plan
Data updated 2026-08-25
- $2.9B
- Total assets Very large vs avg
- 8,216
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $347,407
- Avg per participant High balance/head
Official DOL plan name: Consumers Energy Company Employees' Savings Plan · Sponsored by Consumers Energy Company · Michigan · Utilities
$2.9B in assets, 8,216 participants
Consumers Energy Company's Consumers Energy Company Employees' Savings Plan reported $2.9B in total assets and 8,216 participants in its 2024 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.
- #693 in Utilities (732 peers)
Coverage in Michigan
Consumers Energy Company Employees' Savings Plan covers 8,216 participants in Michigan, 13x the typical Michigan plan (state average ~638 per filing). Assets: $2.9B.
- #693
- in Utilities (732 peers)
- +15.8%
- assets growth YoY
- 29×
- vs typical plan assets (national mean)
Consumers Energy Company Employees' Savings Plan's outsized position by total assets
Consumers Energy Company Employees' Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$2,854,295,232 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Consumers Energy Company Employees' Savings Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Consumers Energy Company Employees' Savings Plan lands in the large band (8,216 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Consumers Energy Company Employees' Savings Plan end-of-year assets rose from $2.5B in the plan year 2023 filing to $2.9B in the plan year 2024 filing.
- Consumers Energy Company Employees' Savings Plan reported net income rose from $368M in the plan year 2023 filing to $389M in the plan year 2024 filing.
- Consumers Energy Company Employees' Savings Plan reported participants rose from 8,026 in the plan year 2023 filing to 8,216 in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 380442310 · Consumers Energy Company PY 2024 · 401(k)
Consumers Energy Company Employees' Savings Plan · $2.9B · 8,216 · 99th
- SCH $2.9B
- SCH 8,216
- SCH 99th
- SCH 401(k)
- SCH near Mufg Bank Ltd. 401(k) Plan
- SCH ind #693
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 Utilities retirement plans → · Plans in Michigan →
Consumers Energy Company Employees' Savings Plan in the asset neighbourhood
Michigan filing particulars
| Total Assets (Beginning of Year) | $2.5B |
|---|---|
| Net Assets (End of Year) | $2.9B |
| Net Income | $389M |
| Employer EIN | 380442310 |
| Plan Effective Date | 1963-11-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Consumers Energy Company)
Sponsor-wide plan assets over time
All Consumers Energy Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $6.2B 17.34141669371466% vs 2022
- 2024 filing year
| 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.
- General Motors Retirement Savings Plan for Salaried Employees in the United States $23.1B · 43,053
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $17.3B · 31,790
- The Dow Chemical Company Employees' Savings Plan $10.8B · 17,128
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $9.6B · 42,513
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $8.3B · 60,497
Scale composition for Consumers Energy Company Employees' Savings Plan
Consumers Energy Company Employees' Savings Plan reports $2.9B in end-of-year assets across 8,216 participants (0.023% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $347,407 per participant (2.5x the national average assets-per-participant) . Net income for plan year 2024 was $389M.
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 | Open filing |
| 2024 · index core | 8,216 | $2.9B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- 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)
Consumers Energy Company Employees' Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is Mufg Bank Ltd. 401(k) Plan in NY ($2.9B); by covered participants it is Sunrun Inc. 401(k) Plan in CA (8,215 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.9B here).
- Mufg Bank Ltd. 401(k) Plan (NY) $2.9B · 5,430
- Highmark Investment Plan (PA) $2.9B · 15,661
- Piedmont Healthcare, Inc. 401(k) Tomorrowplan (GA) $2.9B · 33,958
- Hartford Healthcare 401(k) Retirement Plan (CT) $2.9B · 27,517
Similar participant headcount
Nearest other-state filings by covered participants (8,216 participants); asset peers above are excluded.
- Sunrun Inc. 401(k) Plan (CA) 8,215 · 1 off
- Transdigm Inc. 401(k) Plan (OH) 8,219 · 3 off
- Taylor Corporation 401(k) Plan (MN) 8,204 · 12 off
- Big Y Foods, Inc. 401(k) Retirement Savings Plan (MA) 8,203 · 13 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.