401(k) · DOL Form 5500 · 2024
Sparrow Health System 401(k) Plan
Data updated 2026-08-25
- $807M
- Total assets Above avg plan size
- 4,261
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $189,281
- 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
$807M in assets, 4,261 participants
Sparrow Health System's Sparrow Health System Associate Retirement Savings Plan reported $807M in total assets and 4,261 participants in its 2024 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.
- #16,607 in Healthcare & Social Assistance (16,916 peers)
Coverage in Michigan
Sparrow Health System Associate Retirement Savings Plan covers 4,261 participants in Michigan, 6.7x the typical Michigan plan (state average ~638 per filing). Assets: $807M.
- #16,607
- in Healthcare & Social Assistance (16,916 peers)
- +16.6%
- assets growth YoY
- 8.1×
- 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 2024 · DOL Form 5500
$806,524,883 Top 2% higher than 98% 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
Sparrow Health System Associate Retirement 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. Sparrow Health System Associate Retirement Savings Plan lands in the large band (4,261 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sparrow Health System Associate Retirement Savings Plan reported participants rose from 3,647 in the plan year 2023 filing to 4,261 in the plan year 2024 filing.
- Sparrow Health System Associate Retirement Savings Plan end-of-year assets rose from $692M in the plan year 2023 filing to $807M in the plan year 2024 filing.
- Sparrow Health System Associate Retirement Savings Plan reported net income fell from $128M in the plan year 2023 filing to $115M in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 382542859 · Sparrow Health System PY 2024 · 401(k)
Sparrow Health System Associate Retirement Savings Plan · $807M · 4,261 · 98th
- VS-ST $807M
- VS-ST 4,261
- VS-ST 98th
- VS-ST 401(k)
- VS-ST near Lanxess Corporation Defined Contribution Plan
- VS-ST ind #16607
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) | $692M |
|---|---|
| Net Assets (End of Year) | $807M |
| Net Income | $115M |
| 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 $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
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 Lanxess Corporation Defined Contribution Plan in PA ($806M); by covered participants it is Deferred Profit-Sharing Plan for Salaried Employees in VA (4,263 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($807M here).
- Lanxess Corporation Defined Contribution Plan (PA) $806M · 2,034
- The Cianbro Team Equity Plan (ME) $806M · 2,833
- Mh Sub I, LLC 401(k) Plan (CA) $808M · 4,191
- Mcleod Health 401(k) Plan (SC) $809M · 10,211
Similar participant headcount
Nearest other-state filings by covered participants (4,261 participants); asset peers above are excluded.
- Deferred Profit-Sharing Plan for Salaried Employees (VA) 4,263 · 2 off
- Fba Retirement Plan (NY) 4,259 · 2 off
- Ardagh North America Bargaining 401(k) Plan (IN) 4,258 · 3 off
- Nabors Industries, Inc. Retirement Savings Plan (TX) 4,265 · 4 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.