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Original filing (PDF)20251008100137NAL0005671169001
SPARROW HEALTH SYSTEM
Form 5500
FILING_RECEIVED
SPARROW HEALTH SYSTEM ASSOCIATE RETIREMENT SAVINGS PLAN
401(k) retirement plan
Active participants
8,310
Accounts w/ balance
12,280
Plan assets (EOY)
$806.5M
Net assets (EOY)
$806.5M
How this plan invests
This plan
20 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
91
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
100
Participation health
100
Knocking points off
- 11 bps in Schedule C fees — 91% above peer band of 6 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for SPARROW HEALTH SYSTEM.
Plan sponsor
Name
SPARROW HEALTH SYSTEM
EIN
38-2542859
Address
1200 EAST MICHIGAN, SUITE 235 · LANSING, MI · 48912
Phone
(517) 364-5333
Industry
Health Care & Social Assistancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-08
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2R · Participant-directed brokerage (SDBA)
2S · Automatic enrollment
2T · Default investment account (QDIA)
2U · Association Retirement Plan
3D · Pre-approved plan (master / prototype / VS)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
ANDREWS HOOPER PAVLIK PLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
5 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | 13-3689044 | — | RECORDKEEPER | $911K | — |
Advisor / Consultant
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MORNINGSTAR INVESTMENT SERVICE | 36-4410122 | — | ADVISOR | $8K | — |
| FINANCIAL STRATEGIES GROUP INC | 82-2226358 | — | ADVISOR | $6K | — |
Broker
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CHARLES SCHWAB & CO, INC. | 94-1737782 | — | SECURITIES BROKER | $858 | — |
| NATIONAL FINANCIAL SERVICES | 04-3523567 | — | SECURITIES BROKER | $0 | — |
Investments
20 direct securities· $791.5M(98% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| T. Rowe Price T. Rowe Price Retrmnt 2040 | — | — | — | $133.5M | 16.6% | |
| T. Rowe Price T. Rowe Price Retrmnt 2050 | — | — | — | $128.7M | 16.0% | |
| T. Rowe Price T. Rowe Price Retrmnt 2030 | — | — | — | $100.7M | 12.5% | |
| Transamerica Capital, Inc. Transamerica Stock Index R4 | — | — | — | $79.8M | 9.9% | |
| Harbor Capital Appreciation Instl | — | — | — | $63.5M | 7.9% | |
| Transamerica Capital, Inc. Transamerica Core Bd R4 | — | — | — | $48.7M | 6.0% | |
| Dodge & Cox Dodge & Cox Stock I | — | — | — | $40.4M | 5.0% | |
| T. Rowe Price T. Rowe Price Retrmnt 2060 | — | — | — | $36.4M | 4.5% | |
| Fidelity Extended Market Index | — | — | — | $31.8M | 3.9% | |
| Transamerica Life Ins Co Transamerica Guaranteed Inv Option | — | — | — | $29.1M | 3.6% | |
| T. Rowe Price T. Rowe Price Retrmnt 2020 | — | — | — | $27.1M | 3.4% | |
| Vanguard FTSE All-World ex-US Idx l | — | — | — | $17.8M | 2.2% | |
| American Funds American Funds EuroPacific Gr R5 | — | — | — | $15.9M | 2.0% | |
| Columbia Small Cap Value II S | — | — | — | $11.3M | 1.4% | |
| Meridian Small Cap Gr Investor | — | — | — | $10.5M | 1.3% | |
| Charles Schwab Instl Personal Choice Retment Account | — | — | — | $8.8M | 1.1% | |
| T. Rowe Price T. Rowe Price Retrmnt Balanced | — | — | — | $3.4M | 0.4% | |
| T. Rowe Price T. Rowe Price Retrmnt 2010 | — | — | — | $2.2M | 0.3% | |
| State Street Bank & Trust Co. State St l US Govt M1y Mkt Premier | — | — | — | $1.8M | 0.2% | |
| Participants Notes Receivable with interest rates of 7.50% | — | — | — | $9K | <0.1% |