Defined Benefit (Pension) · DOL Form 5500 · 2024
Sparrow Health System Pension Plan
Data updated 2026-08-11
- $431M
- Total assets
- 970
- Participants
- 97th
- Percentile by assets
- $444,165
- Avg per participant
Official DOL plan name: Sparrow Health System Associate Pension Plan · Sponsored by Sparrow Health System · Michigan · Healthcare & Social Assistance
$431M in assets, 970 participants
Sparrow Health System's Sparrow Health System Associate Pension Plan reported $431M in total assets and 970 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)
- #16,395 in Healthcare & Social Assistance (16,916 peers)
Where Sparrow Health System Associate Pension Plan sits by assets
Sparrow Health System Associate Pension Plan sits in the top 5% of all filed plans by assets, $431M for 970 participants (~$444,165/participant), up 6.1% in 2024.
- $431M
- total plan assets (2024 EOY)
- 970
- covered participants
- 97th
- percentile by assets (of 123,622 plans)
- $444,165
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sparrow Health System Associate Pension Plan reported net income fell from $34M in the plan year 2023 filing to $25M in the plan year 2024 filing.
- Sparrow Health System Associate Pension Plan reported participants fell from 1,080 in the plan year 2023 filing to 970 in the plan year 2024 filing.
- Sparrow Health System Associate Pension Plan end-of-year assets rose from $406M in the plan year 2023 filing to $431M in the plan year 2024 filing.
Sparrow Health System Associate Pension Plan vs the 2024 asset distribution
By assets, Sparrow Health System Associate Pension Plan outranks 97% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 4.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $406M |
|---|---|
| Net Assets (End of Year) | $209M |
| Net Income | $25M |
| Employer EIN | 382542859 |
| Plan Effective Date | 1976-01-01 |
| 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 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 by total assets, not by location.
Frequently Asked Questions
How did Sparrow Health System Associate Pension Plan assets move in 2024? ▼
How have Sparrow Health System plan assets changed over time? ▼
Where does Sparrow Health System Associate Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Sparrow Health System Associate Pension Plan? ▼
Next read for Sparrow Health System Associate Pension …
Scale reading
Ways to act on Sparrow Health System Associate Pension Plan's numbers.
- By total assets, Sparrow Health System Associate Pension Plan 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