Defined Benefit (Pension) · DOL Form 5500 · 2024

Corewell Health Pension Plan

Data updated 2026-08-25

$229M
Total assets Near avg plan size
2,186
Participants Above avg headcount
95th
Percentile by assets National rank
$104,900
Avg per participant Below avg balance/head
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Official DOL plan name: Spectrum Health Pension Plan · Sponsored by Corewell Health · Michigan · Healthcare & Social Assistance

$229M in assets, 2,186 participants

Corewell Health's Spectrum Health Pension Plan reported $229M in total assets and 2,186 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

  • #16,113 in Healthcare & Social Assistance (16,916 peers)

Coverage in Michigan

Spectrum Health Pension Plan covers 2,186 participants in Michigan, 3.4x the typical Michigan plan (state average ~638 per filing). Assets: $229M.

#16,113
in Healthcare & Social Assistance (16,916 peers)
-4.1%
assets change YoY
2.3×
vs typical plan assets (national mean)

The plan reported a net loss of $17M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Spectrum Health Pension Plan's outsized position by total assets

Spectrum Health Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$229,311,958 Top 5% higher than 95% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Spectrum Health Pension 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. Spectrum Health Pension Plan lands in the large band (2,186 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Spectrum Health Pension Plan reported net income fell from $216K in the plan year 2023 filing to -$17M in the plan year 2024 filing.
  • Spectrum Health Pension Plan reported participants fell from 2,362 in the plan year 2023 filing to 2,186 in the plan year 2024 filing.
  • Spectrum Health Pension Plan end-of-year assets fell from $239M in the plan year 2023 filing to $229M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 383382353 · Corewell Health PY 2024 · Defined Benefit (Pension)

Spectrum Health Pension Plan · $229M · 2,186 · 95th

  • NET $229M
  • BOOK 2,186
  • VS-ST 95th
  • BOY Defined Benefit (Pension)
  • SCH near Cooperative Pension Plan
  • EBSA ind #16113

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 →

Spectrum Health Pension Plan in the asset neighbourhood

Shaws Supermarkets, Inc. Pension Plan for Union EmployeesShaws Supermarkets, Inc. Pen…$230MSchneider Electric USA, Inc. Coordinated Bargaining Employees' Pension PlanSchneider Electric USA, Inc.…$230MSpectrum Health Pension Plan$229MCooperative Pension Plan$229MTeamsters' Construction Industry & Misc Pension FundTeamsters' Construction Indu…$229M
End-of-year total assets ($M) among Spectrum Health Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$239M
Net Assets (End of Year)$214M
Net Income-$17M
Employer EIN383382353
Plan Effective Date1961-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Corewell Health)

Sponsor-wide plan assets over time

All Corewell Health plans reported in each filing year

Latest sponsor-wide plan assets
$3.4B 33.308576535779025% vs 2022
2024 filing year
$2B$2.5B$3B$3.5B$4B 202220232024 $2.58B $3.44B ▲ +33.3%
Year Plans Participants Total Assets
2022 2 29,209 $2.6B
2023 2 33,805 $3.1B
2024 2 35,007 $3.4B

Nearby Defined Benefit (Pension) Plans in Michigan

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Spectrum Health Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. 0100002000030000 -1001020304050 Total assets ($B) Participants Spectrum Health Pension Plan, Total assets ($B): 0.229311958 · Participants: 2186Spectrum Health Pension PlanGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 42.453822995 · Participants: 15648General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 17.842898898 · Participants: 25742Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 12.116125366 · Participants: 8585Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 10.930410978 · Participants: 6888Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 10.255300049 · Participants: 12752Fca US LLC UAW Pension Agreement
Spectrum Health Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Spectrum Health Pension Plan side-by-side with 3 peers →

Spectrum Health Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Cooperative Pension Plan in IN ($229M); by covered participants it is Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield of Florida Inc. in FL (2,181 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Spectrum Health Pension Plan assets move in 2024? ▼
Spectrum Health Pension Plan edged down modestly - down 4.1% during 2024, from $239M to $229M. Reported net income was -$17M.
How have Corewell Health plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Corewell Health's sponsor-wide assets grew 33.3%, from $2.6B to $3.4B.
Where does Spectrum Health Pension Plan rank by assets among Form 5500 filers? ▼
Spectrum Health Pension Plan ranks in the 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Spectrum Health Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Cooperative Pension Plan in IN ($229M, 2,673 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Spectrum Health Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield of Florida Inc. in FL (2,181 participants, $463M in assets).

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 383382353.

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.