401(k) · DOL Form 5500 · 2024

Consumers Energy Company 401(k) Plan

Data updated 2026-07-24

$2.9B
Total assets: 8,216
Participants: 99th
Percentile by assets: $347,407
Avg per participant

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.

99th percentile by assets (of 116,472 plans)

Coverage in Michigan

Consumers Energy Company Employees' Savings Plan covers 8,216 participants in Michigan, 13x the typical Michigan plan (state average ~632 per filing). Assets: $2.9B.

$2.9B
total plan assets (2024 EOY): 8,216
covered participants: 99th
percentile by assets (of 116,472 plans): $347,407
avg assets per participant

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.

See the national 2023→2024 release diff →

State

Michigan

Industry

Utilities

Participants vs Michigan filers

In Michigan, the average filing covers about 632 participants across 3,963 plans. Consumers Energy Company Employees' Savings Plan reports 8,216 participants - 13x that state average ($2.9B EOY assets).

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)

Total plan assets by year, all Consumers Energy Company plans on file

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.

Consumers Energy Company Employees' Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants

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

Compare Consumers Energy Company Employees' Savi… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Consumers Energy Company Employees' Savings Plan by total assets, not by location.

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

Frequently Asked Questions

How did Consumers Energy Company Employees' Savings Plan assets move in 2024? ▼

Consumers Energy Company Employees' Savings Plan grew sharply - up 15.8% during 2024, from $2.5B to $2.9B. Reported net income was $389M.

How have Consumers Energy Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Consumers Energy Company's sponsor-wide assets grew 17.3%, from $5.3B to $6.2B.

Where does Consumers Energy Company Employees' Savings Plan rank by assets among Form 5500 filers? ▼

Consumers Energy Company Employees' Savings Plan ranks in the 99th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Consumers Energy Company Employees' Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Mufg Bank Ltd. 401(k) Plan in NY ($2.9B, 5,430 participants).

Next read for Consumers Energy Company Employees' Savi…

Filing takeaways

Ways to act on Consumers Energy Company Employees' Savings Plan's numbers.

By total assets, Consumers Energy Company Employees' Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
Consumers Energy Company's sponsor-wide assets have grown 17.3% since 2022 across 3 plan years on file. More Utilities plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 380442310.

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.