Defined Benefit (Pension) · DOL Form 5500 · 2024
Sparrow Health System Pension Plan
Data updated 2026-08-11
- $511M
- Total assets
- 740
- Participants
- 97th
- Percentile by assets
- $690,155
- Avg per participant
Official DOL plan name: Sparrow Health System Associate Pension Plan A2 · Sponsored by Sparrow Health System · Michigan · Healthcare & Social Assistance
$511M in assets, 740 participants
Sparrow Health System's Sparrow Health System Associate Pension Plan A2 reported $511M in total assets and 740 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 123,622 plans)
- #16,460 in Healthcare & Social Assistance (16,916 peers)
Where Sparrow Health System Associate Pension Plan A2 sits by assets
Sparrow Health System Associate Pension Plan A2 sits in the top 5% of all filed plans by assets, $511M for 740 participants (~$690,155/participant), up 70.3% in 2024.
- $511M
- total plan assets (2024 EOY)
- 740
- covered participants
- 97th
- percentile by assets (of 123,622 plans)
- $690,155
- avg assets per participant
The plan reported a net loss of $11M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sparrow Health System Associate Pension Plan A2 reported net income fell from -$3M in the plan year 2023 filing to -$11M in the plan year 2024 filing.
- Sparrow Health System Associate Pension Plan A2 end-of-year assets rose from $300M in the plan year 2023 filing to $511M in the plan year 2024 filing.
- Sparrow Health System Associate Pension Plan A2 reported participants fell from 796 in the plan year 2023 filing to 740 in the plan year 2024 filing.
Sparrow Health System Associate Pension Plan A2 vs the 2024 asset distribution
By assets, Sparrow Health System Associate Pension Plan A2 outranks 97% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 5.1x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $300M |
|---|---|
| Net Assets (End of Year) | $511M |
| Net Income | -$11M |
| Employer EIN | 382542859 |
| Plan Effective Date | 2017-01-01 |
| 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 Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Sparrow Health System Associate Pension Plan A2 vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
- General Motors Hourly-Rate Employees Pension Plan $42.5B · 15,648
- Ford Motor Company UAW Retirement Plan $17.8B · 25,742
- Ford Motor Company General Retirement Plan $12.1B · 8,585
- Dow Employees' Pension Plan $10.9B · 6,888
- Fca US LLC UAW Pension Agreement $10.3B · 12,752
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Sparrow Health System Associate Pension Plan A2 by total assets, not by location.
Frequently Asked Questions
How did Sparrow Health System Associate Pension Plan A2 assets move in 2024? ▼
How have Sparrow Health System plan assets changed over time? ▼
Where does Sparrow Health System Associate Pension Plan A2 rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Sparrow Health System Associate Pension Plan A2? ▼
Next read for Sparrow Health System Associate Pension …
Scale reading
Ways to act on Sparrow Health System Associate Pension Plan A2's numbers.
- By total assets, Sparrow Health System Associate Pension Plan A2 ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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