Plan Snapshot
- Plan Sponsor: Sparrow Health System
- Sponsor EIN: 382542859
- Sponsor Address: 1200 EAST MICHIGAN, SUITE 235, LANSING, MI, 48912
- Plan Type: 401(k)
- Total Participants: 8,310
- Total Assets: $806.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 8,310 | $806.5M | $30.4M | $45.4M |
| 2023 | 4,258 | $691.6M | $27.6M | $41.5M |
| 2022 | 3,646 | $563.2M | $27.7M | $40.9M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ANDREWS HOOPER PAVLIK PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ANDREWS HOOPER PAVLIK PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $933,280 | $22,076 | — | — | — |
| 2023 | $780,405 | $19,732 | — | — | — |
| 2022 | $861,092 | $20,972 | — | — | — |