Sparrow Health System 401(k) match, vesting and fees
What Sparrow Health System's 401(k) 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 | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Andrews Hooper Pavlik Plc (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · 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.
| Sparrow Health System: employer contribution per participant | $2,473 | |
| Peer median | $2,155 |
| Sparrow Health System: average balance | $65,678 | |
| Peer median | $66,935 |
| Sparrow Health System: admin expenses ÷ assets | 0.12% | |
| 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 $655M at the end of plan year 2021 to $807M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 12,952 | $807M | $30.4M | $2,473 | 0.12% | Not published | Form 5500 ↗ |
| 2023 | 11,746 | $692M | $27.6M | $2,350 | 0.12% | Not published | Form 5500 ↗ |
| 2022 | 11,523 | $563M | $27.7M | $2,400 | 0.14% | Not published | Form 5500 ↗ |
| 2021 | 10,954 | $655M | $25.6M | $2,335 | 0.14% | Not published | Form 5500 ↗ |
Other Sparrow Health System plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Sparrow Health System Associate Retirement Plan for 403(b) Transfers
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 | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Andrews Hooper Pavlik Plc (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
Sparrow Health System Associate 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 | Andrews Hooper Pavlik Plc (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Sparrow Health System Associate Pension Plan A2
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 | Andrews Hooper Pavlik Plc (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Sparrow Health System match 401(k) contributions?
The match terms for the Sparrow Health System Associate Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $30.4M in employer contributions, about $2,473 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Sparrow Health System 401(k) match vested?
The vesting schedule for the Sparrow Health System Associate Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Sparrow Health System 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Retirement Solutions. The plan administrator is Sparrow Health System.
I left Sparrow Health System. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Sparrow Health System, (517) 364-5333) or the recordkeeper, Transamerica Retirement Solutions. The Sparrow Health System old 401(k) page lists the contacts from every plan filing. Find an old Sparrow Health System 401(k)
Data from the public Form 5500 annual reports Sparrow Health System 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 Sparrow Health System. Not financial advice. Report a correction · Methodology