Defined Benefit (Pension) · DOL Form 5500 · 2024

Corewell Health Pension Plan

Data updated 2026-08-06

$229M
Total assets: 2,186
Participants: 95th
Percentile by assets: $104,900
Avg per participant

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.

95th percentile by assets (of 116,472 plans)

Coverage in Michigan

Spectrum Health Pension Plan covers 2,186 participants in Michigan, 3.5x the typical Michigan plan (state average ~632 per filing). Assets: $229M.

$229M
total plan assets (2024 EOY): 2,186
covered participants: 95th
percentile by assets (of 116,472 plans): $104,900
avg assets per participant

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 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 →

State

Michigan

Industry

Healthcare & Social Assistance

Participants vs Michigan filers

In Michigan, the average filing covers about 632 participants across 3,963 plans. Spectrum Health Pension Plan reports 2,186 participants - 3.5x that state average ($229M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$239M
Net Assets (End of Year)	$214M
Net Income	-$17M
Employer EIN	383382353
Plan Effective Date	1961-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Corewell Health)

Total plan assets by year, all Corewell Health plans on file

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

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
Fca US LLC Pension Plan $3.7B · 2,267

Compare Spectrum Health Pension Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Spectrum Health Pension Plan by total assets, not by location.

Cooperative Pension Plan (IN) $229M · 2,673
Teamsters' Construction Industry & Misc Pension Fund (PA) $229M · 639
Schneider Electric USA, Inc. Coordinated Bargaining Employees' Pension Plan (IL) $230M · 282
Shaws Supermarkets, Inc. Pension Plan for Union Employees (ID) $230M · 5,378

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 116,472 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).

Next read for Spectrum Health Pension Plan

Filing takeaways

Ways to act on Spectrum Health Pension Plan's numbers.

By total assets, Spectrum Health 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
Corewell Health's sponsor-wide assets have grown 33.3% since 2022 across 3 plan years on file. More Healthcare & Social Assistance 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 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.