Corewell Health 403(b) match, vesting and fees
What Corewell Health's 403(b) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Plante & Moran, PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 244 defined-contribution plans in health care and social assistance with 10,000 to 49,999 participants.
| Corewell Health: employer contribution per participant | $2,726 | |
| Peer median | $2,155 |
| Corewell Health: average balance | $85,284 | |
| Peer median | $66,935 |
| Corewell Health: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.08% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $2.7B at the end of plan year 2021 to $3.2B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 42,410 | $3.2B | $103M | $2,726 | 0.05% | Not published | Form 5500 ↗ |
| 2023 | 37,580 | $2.8B | $90M | $18,912 | 0.04% | Not published | Form 5500 ↗ |
| 2022 | 34,997 | $2.3B | $88M | $2,514 | 0.13% | Not published | Form 5500 ↗ |
| 2021 | 33,807 | $2.7B | $84.7M | $2,507 | 0.09% | Not published | Form 5500 ↗ |
Other Corewell Health plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Spectrum Health Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Plante & Moran, PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Corewell Health match 401(k) contributions?
The match terms for the Spectrum Health System 403(b) Plan have not been published from its filing yet. The plan year 2024 filing reports $103M in employer contributions, about $2,726 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Corewell Health 401(k) match vested?
The vesting schedule for the Spectrum Health System 403(b) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Corewell Health 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Corewell Health.
I left Corewell Health. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Corewell Health, (616) 391-1700) or the recordkeeper, Empower Annuity Insurance Company. The Corewell Health old 401(k) page lists the contacts from every plan filing. Find an old Corewell Health 401(k)
Data from the public Form 5500 annual reports Corewell Health filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Corewell Health. Not financial advice. Report a correction · Methodology